Competitive CD Rates Continue at Roma Bank in NJ and Part of PA - Local Only

Roma Bank continues to offer several competitive CD rates. The rates have fallen since my April post, but they remain competitive. Three of the best rates include a 3.00% APY 60-month CD, a 2.50% APY 36-month CD and a 2.10% APY 24-month CD. Minimum deposit is $1,000. These rates are listed at the bank's CD page as of the morning of 6/21/2010.

Above the rate table at the bank's CD page, it has a link to the application that can be mailed. However, it states that applicants must reside in the State of New Jersey or in Bucks County, Pennsylvania.

Details about the CDs are available in the bank's truth in savings disclosure. According to this disclosure, the early withdrawal penalty for terms of 1-year and over is 6 months of interest on the amount withdrawn. The grace period is 7 calendar days after maturity.

Branches are located in the New Jersey cities of Trenton, Lawrence Township, Pennington, Bordentown, Burlington, Columbus, Cream Ridge and Manchester Township.

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 Roma Bank rates and reviews page). These ratings are based on 3/31/10 data except for Bankrate which is based on 12/31/09 data. The bank has been a FDIC member since 1950 (FDIC Certificate # 30041).