ESB Bank is offering three special CDs. The best one is the 30-month CD which has a 2.02% APY. Minimum deposit is $500. The second one is a 9-month CD special with a 1.10% APY. This is actually fairly competitive for 9-month terms. The third one is a 60-day CD with a 0.50% APY which doesn't have any advantage over a savings account. These rates are listed in the bank's rates page as of 1/10/2011.
As a comparison to internet banks on 1/10/2011, the best 30-month CD rate is 1.96% APY at USAA Bank, but this requires a minimum deposit of $175K. With a $1K minimum, the rate is only 1.65% APY.
It appears that a branch visit is required to open an account. Branches are located in Pittsburgh and throughout its metro area.
ESB Bank has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 2.90% (excellent) based on September 2010 data. Please refer to our financial overview of ESB Bank for more details. The bank has been a FDIC member since 1935 (FDIC Certificate # 27708).
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.