Update: CD rates have fallen. Please check with the bank for the latest rates.Atlas Savings and Loan Association continues to offer competitive CD and IRA CD rates. Some of the rates have fallen a little since my November post, but they remain attractive compared to what other banks are offering. The most competitive CDs as listed in the bank's rate table as of 12/29/2009 include:
- 1.82% APY 9 months
- 2.02% APY 12 months
- 2.17% APY 18 months
- 2.48% APY 24 months
- 2.79% APY 30 months
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.
The bank continues to have strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1955 (FDIC Certificate # 30783).
Other Competitive Certificate of Deposit Rates
- CD rates at DepositAccounts.com
- My weekly list of hot nationwide and local CD deals