2.48% 24-Month CD & 2.02% 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. 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

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.

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