2.48% 24-Month CD & 2.07% 12-Month CD at Atlas Savings and Loan Association in New York - Local Only

Atlas Savings and Loan Association continues to offer competitive CD and IRA CD rates. The most competitive CDs as listed in the bank's rate table as of 11/17/2009 include:

• 2.07% APY 12 months
• 2.27% APY 18 months
• 2.48% APY 24 months
• 2.79% APY 30 months

Similar rates are available for IRA and ESA CDs except for the 3-year term which has the very competitive rate of 3.25% APY. Minimum deposit is $2,500 for both the regular and IRA CDs.

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 August. The CD rates have been competitive through out this year.

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

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Tags: New York, Atlas Bank, CD rates, IRA rates