East River Bank continues to offer top rates on its checking account and CD specials. They've made some changes since my March post. First, they have a new website, and more importantly, they no longer list the Ultimate Checking account which had a 2.01% APY in March. However, they seemed to have replaced this with the Go Green Checking. This has a rate of 1.59% APY with a minimum balance of $100. It doesn't appear to be a reward checking account. The rate applies to all balances, and I don't see any debit card requirements. The rate and the account overview are listed in the bank's promo page as of 5/14/2010.
In addition to the checking account deal, the bank continues to offer good deals on its CD specials. The three best include a 1.90% APY 14-month CD, a 2.10% APY 20-month CD and a 2.40% APY 33-month CD. Minimum deposit is $2,000. These rates are listed at the bank's rates page as of 5/14/2010.
A reader reported in my 2009 post that the bank now requires a branch visit to open an account. The bank has two offices located in Philadelphia, PA.
The bank's rating for safety and soundness has improved at Bankrate.com. It now has a 3-star rating (performing) based on 12/31/09 data which is up from 2 stars from 9/30/09 data. It continues to have a 5-star rating at BauerFinancial based on 12/31/09 data. At DepositAccounts.com, it has an overall health score of 4 out of 5 (see our East River Bank rates and reviews page). The bank has been a FDIC member since 2006 (FDIC Certificate # 58171).
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. The tables now have a new & improved format!