2.65% 24-Month CD & 2.20% 12-Month CD at Signature Bank in New York City - Local Only

Signature Bank continues to offer very competitive CD rates. As of 10/23/09, these rates include:

• 1.90% APY 6 months
• 2.20% APY 12 months
• 2.40% APY 18 months
• 2.65% APY 24 months

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. I just called the bank for the rates. According to the CSR, these rates are subject to change at anytime.

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

The above rates are the same as they were in September when I last posted on this bank. In July, the bank had been offering a 3% 24-month CD.

The bank's ratings for safety and soundness continue to be strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2001 (FDIC Certificate # 57053).

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Tags: New York, Signature Bank , CD rates