First State Bank has some competitive mid-term and long-term CD rates. The following rates are listed in the rates sheet as of 11/25/09:
- 2.15% APY 18 months
- 2.50% APY 2 years
- 3.15% APY 3 years
- 3.25% APY 4 years
- 3.50% APY 5 years
It appears that a branch visit is required to open an account. Branches are located in Cranford and Westfield, New Jersery.
First State Bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2006 (FDIC Certificate # 58046).
Thanks to the reader who emailed me news of these rates.
Other High Certificate of Deposit Rates