East River Bank has just started offering an especially good CD deal. It's an anniversary special with a 2.05% APY for a 20-month term. Minimum deposit is $2,000, and new money is required. This is a limited time special. It's listed in the bank's rates page as of 1/25/2011. Thanks to the reader who posted this deal in the discussion forum.
The bank continues to offer a very competitive rate on its Go Green Checking. It's currently 1.40% APY for balances of $100 and above. It was 1.59% APY when I last reported on this in May 2010. According to the bank's comparison chart, this checking account has no monthly service fees.
According to reader who mentioned the CD deal, the bank accepts new deposits from those in the metropolitan Philadelphia area (which may also include southern New Jersey). The bank has two offices located in Philadelphia. Be sure to call to verify qualifications before planning a long drive.
The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 22.11% (above average) based on September 2010 data. Please refer to our financial overview of East River Bank for more details. The bank has been a FDIC member since 2006 (FDIC Certificate # 58171).
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