Dedicated to Deposits: Deals, Data, and Discussion

2.12% 12-Month CD & 3.25% 36-Month IRA CD at Atlas Savings in New York - Local Only

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Atlas Bank
Atlas Savings and Loan Association continues to offer competitive CD and IRA CD rates. The most competitive CDs are the 12-month term with a 2.12% APY and the 18-month term with a 2.33% APY. For an IRA CD, there's a 36-month term with a 3.25% APY. This is available as a Traditional IRA, Roth IRA and an ESA. Minimum deposit is $2,500 for both the regular and IRA CDs. These rates are listed in the bank's rate table as of 8/20/09.

It's a small bank with one office in located in Brooklyn, New York. It appears that a branch visit is required to open accounts.

I last reported on this bank in April. As you would expect, the rates have fallen, but they remain very competitive.

The bank has strong ratings for 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 1955 (FDIC Certificate # 30783).

Other Competitive CD Rates
  Tags: New York, Atlas Bank, CD rates, IRA rates

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