Riverside Bank is offering a special 3-year CD with a very competitive rate of 3.00% APY. Minimum deposit is $25,000. This rate is listed in the bank's CD rates page as of 5/26/2010. I confirmed with the CSR this morning that this rate is still valid, but she wasn't able to say how much longer it'll last.
A branch visit appears to be required to open an account. Remember to always call the bank to ensure you'll qualify for the rate before planning a long drive. Branches are located in the New York cities of Poughkeepsie, Newburgh and Fishkill.
The bank's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial, 4 stars (sound) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Riverside Bank rates and reviews page). The bank has been a FDIC member since 1988 (FDIC Certificate # 27181).
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.