2.38% 9-Month CD at Eastbank in New York - Local Only

Eastbank continues to offer a very competitive 9-month special CD. The rate is down a bit since my May post, but it's still very competitive with a 2.38% APY. Minimum deposit is $2,500. The regular CD rates are also competitive with a 2.25% APY for 12 months and 2.50% APY for 24 months. The rates are listed at the bank's rate table as of 7/03/09.

It appears a branch visit is required to open an account. Branches are located in New York City and in Flushing.

Based on the look of their website, they appear to do a good job at keeping expenses low. Perhaps that's why they have such strong financial ratings for safety and soundness: 5 stars (superior) at BauerFinancial (based on 3/31/09 data) and 4 stars (sound) at Bankrate.com (based on 12/31/08 data). The bank has been a FDIC member since 1984 (FDIC Certificate # 25749).

Other High Certificate of Deposit Rates

• My weekly list of hot nationwide and local CD deals
• My weekly list of all nationwide CD deals
• Index of state CD and bank deals

Tags: New York, CD rates, Eastbank