Dedicated to Deposits: Deals, Data, and Discussion

2.40% 18-Month CD & Other Competitive CD Rates at Signature Bank in New York City - Local Only

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Signature Bank continues to offer very competitive CD rates. These include a 2.20% APY 12-month CD, a 2.40% APY 18-month CD and a 2.65% 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 emailed me about these today, and I just called for additional details. These rates are available as of today (9/24/09), but the CSR didn't know how much longer they may last.

A branch visit is required to open an account. Branches are located throughout New York City.

My last post on this bank was in July when it was offering a 3% 24-month CD.

The bank has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The bank has been a FDIC member since 2001 (FDIC Certificate # 57053).

Other High Certificate of Deposit Rates
  Tags: New York, Signature Bank , CD rates

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