First American International Bank is offering a special 1.50% APY on its 15-month and 18-month CD. Minimum deposit is $500. For the 18-month CD, higher rates are listed in a graphic: 1.60% APY for a $100K and 1.70% APY for $250K. The 18-month CD is also available in an IRA. These rates are listed at the bank's rates page as of 12/21/2010.
Compared to internet banks as of 12/21/2010, the best 12-month CD rate is 1.50% and the best 18-month CD rate is 1.65% APY at CNB Bank Direct with a minimum $25K deposit.
It appears that a branch visit is required to open an account. Branches are located in Brooklyn, Manhattan and Queens, New York.
The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 46.04% (average) based on September 2010 data. Please refer to our financial overview of First American International Bank for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 35186).
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.