Regal Bank is offering some competitive CD and savings account rates. The most competitive CD rate is 2.38% APY for an 18-month term. There's also a 2.02% APY 12-month CD. Minimum deposit is $500. There's also a competitive statement savings account that pays 1.76% APY on a $500 minimum balance. These rates are listed in the bank's rates page as of 10/21/09.
It appears that a branch visit is required to open an account. Branches are located in Livingston, NJ which is just west of Newark.
It's a fairly new bank that was established in 2007. Thus, BauerFinancial still labels the bank as a start-up. Bankrate.com gives the bank a safe and sound rating of 3 stars (performing) based on 6/30/09 financial data. Regal Bank is a member FDIC (FDIC Certificate # 58574).