Alma Bank is offering a few competitive CD and IRA CD rates. The best deal for a regular CD is the 2-year term with a 2.30% APY. Other competitive rates include a 1.25% APY 3-month CD and a 2.50% APY 36-month CD. There are some higher rates for IRA CDs. These include a 3.00% APY 3-year IRA CD and a 3.50% APY 5-year IRA CD. These rates are listed in the bank's rates page as of 4/22/2010.
My last report on this bank was in January when they were offering two promotional CDs. These are still listed on the bank's rates page, but its states that these ended on 3/01/2010. If you find these are still available, please leave a comment.
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: 4 stars (excellent) at BauerFinancial (based on 12/31/09 data) and 4 stars (sound) at Bankrate.com (based on 9/30/09 data). The DepositAccounts's health score for the bank is 5 out of 5. The bank has been a FDIC member since 2007 (FDIC Certificate # 58424).