The Bank of Princeton is offering several competitive long-term CD and IRA CD rates. The best ones include a 1.75% APY 2-year CD, 2.00% APY 3-year CD and a 2.75% APY 5-year CD. Minimum deposit is $500. The Jumbo CDs actually have lower rates (10 basis points lower on all terms). These rates are listed in the bank's rates page as of 8/18/2011.
As a comparison to internet banks on 8/18/2011, the best 2-, 3- and 5-year CD rates are 1.50% APY, 1.90% APY and 2.50% APY at Airbanking.
For The Bank of Princeton, it appears a branch visit is required to open an account. The Bank of Princeton branches are located in the New Jersey cities of Pennington, Princeton, Hamilton, Lambertville and Monroe Township.
The bank has an overall health score at DepositAccounts.com of 3 stars (out of 5 stars) and a Texas Ratio of 17.44% (average) based on March 2011 data. Please refer to our financial overview of The Bank of Princeton for the full details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58513).
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