Alma Bank is offering two competitive promotional CDs: a 2.00% APY 18-month CD and a 2.50% APY 30-month CD. These rates are listed at the bank's rates page as of 1/26/2010. According to the rate table, these promotional CDs are scheduled to end on 3/01/2010.
The bank is also listing some competitive IRA CD rates as of 1/26/2010. These include a 2.00% APY 12-month CD, a 3.00% APY 36-month CD and a 3.50% APY 60-month CD.
It appears that a branch visit is required to open an account. Branches are located in the New York cities of Astoria, Bayside and Brooklyn.
The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 2007 (FDIC Certificate # 58424).