Dedicated to Deposits: Deals, Data, and Discussion

2.65% 24-Month CD & 1.90% 6-Month CD Continues at Signature Bank in New York City - Local Only

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Signature Bank
Update 12/18/09: The CD rates have fallen. Please contact the bank for the latest rates.

Signature Bank continues to offer very competitive CD rates. I last reported on these in October. A reader just left a comment saying that the 24-month CD rate is still at 2.65% APY. I called and confirmed the following rates:
  • 1.90% APY 6 months
  • 2.20% APY 12 months
  • 2.40% APY 18 months
  • 2.65% APY 24 months
  • 3.00% APY 36 months
These rates are effective as of 11/24/09, and are subject to change at any time. They don't list the rates on their website, so you'll have to call for the latest rates.

Minimum deposit is $5,000. These aren't specials, so you don't have to worry about other requirements like a checking account.

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

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).

Thanks to the reader who notified me in the comments of these continued high rates.

Update 12/11/09: I called the bank at 1-866-SIGLINE and confirmed the above rates are still available. I also confirmed the 3-year rate. The CSR didn't know how much longer they would last so be sure to call to confirm.

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

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
they also offer 3% 3-year CD

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the note about the 3-yr term. I'm glad to report they're still available as of Dec 4, 2009.

1