Dedicated to Deposits: Deals, Data, and Discussion
First Central Savings Bank1.80%$500-60 Month CD
First Central Savings Bank1.50%$500-84 Month CD
First Central Savings Bank1.15%$500-72 Month CD
First Central Savings Bank0.45%$500-14 Month CD
First Central Savings Bank0.30%$500-9 Month CD
Accounts mentioned in this post. Rates as of August 29, 2014

Competitive CD Rates at First Central Savings Bank in New York - Local Only


First Central Savings Bank

First Central Savings Bank is offering several competitive CD rates. The best are its long-term CD rates which include a 3.25% APY for 80 months, 3.10% APY for 6 years and 2.80% APY for 5 years. The short-term CD rates are also competitive, but like all current short-term CD rates, they're lower than what you may expect: 1.15% APY for 9 months and 1.28% APY for 14 months. Minimum deposit is $500. These rates are listed in the bank's deposit rates page as of 4/1/2011.

It appears a branch visit is required to open an account. First Central Savings branches are located in the New York cities of Glen Cove, Sunnyside, Whitestone, Astoria, Ridgewood, Bayside, Flushing and Forest Hills.

One thing to note about this bank is that it's not in the best financial shape. The FDIC issued a consent order against the bank in February. Its overall health score at is 2 stars (out of 5) with a Texas Ratio of 97.42% (poor) based on December 2010 data. Please refer to our financial overview of First Central Savings for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 34969).

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

  Tags: First Central Savings Bank, New York, CD rates

Related Posts

Comment #1 by Bob1 (anonymous) posted on
The locations of Sunnyside, Whitestone, Astoria, Ridgewood, Bayside, Flushing and Forest Hills are post offices located within the New York City borough of Queens.  Glen Cove is a "Town" in Nassau County.  The terms "City, County, Town and Village" in New York State are defined by law and have political and fianancial mandates.  The US post office defines its own areas and are not necessarly the same as the potitical locations