2.60% 24-Month CD & 3.00% 36-Month CD at Madison National Bank in New York - Local Only

Madison National Bank is offering a few competitive mid-term and long-term CD rates. These rates as listed at the bank's CD page as of 9/02/09 include:

• 2.60% APY 24-month
• 3.00% APY 36-month
• 3.30% APY 60-month

Minimum deposit is $500. These are also available in Traditional and Roth IRAs.

The bank also has a checking account promotion (see post) and 1.85% APY promotion on its Passport Money Market Account.

It appears that a branch visit is required to open an account. Branches are located in Melville and Merrick, New York.

The bank's ratings for safety and soundness are fair: 3 stars (performing) at Bankrate.com and 3½ stars (good) at BauerFinancial. Both ratings are based on 3/31/09 financial data. The bank was established and has been a FDIC member since 2007 (FDIC Certificate # 58419).

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Tags: New York, Madison National Bank, CD rates, IRA rates