Signature Bank is still offering a 2.50% APY 12-month CD. In addition, the bank is offering other competitive rates including a 2.85% APY 18-month CD and a 3.00% APY 24-month CD. Minimum deposit is $5,000. These aren't specials, so you don't have to worry about other requirements like a checking account. The CD rates don't appear to be listed at the bank's website. A reader commented on these today, and I just called for additional details. These rates are available as of today (7/09/09), but the CSR didn't know how much longer they may last. The 2.50% 12-month CD has been available since June 10th.
A branch visit is required to open an account. Branches are located throughout New York City.
The bank has strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 2001 (FDIC Certificate # 57053).
Thanks to the reader who mentioned this CD and bank in the Daily News & Deals post.
Other High Certificate of Deposit Rates