Atlas Bank has changed its CD specials. The 1-year and 2-year CD specials have ended, but there’s a new 3-year CD special that has a very competitive rate of 2.33% APY. Minimum deposit is $2,500. The 3-year IRA CD rate is a little lower: 2.02% APY. When I last contacted the bank, I was told the early withdrawal penalty is 6 months of interest. These rates are listed in the bank's deposit rates page as of 5/19/2011.
A branch visit is required to open an account. Atlas Bank branches are located in Brooklyn and Staten Island
Atlas Bank continues to be financially healthy. It has an overall health score of 5 stars (out of 5) with a Texas Ratio of 2.67% (excellent) based on December 2010 data. Please refer to our financial overview of Atlas Bank for more details. The bank has been a FDIC member since 1955 (FDIC Certificate # 30783).
How It Compares to the Best Nationally Available CD Rates
This 3-year CD rate special is just a little higher than what’s available nationwide. As of 5/19/2011, the best 3-year CD rate is 2.27% APY at Velocity Credit Union.
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.