Valley Green Bank continues to offer 3 competitive rates on its mid-term CDs. These are 1.20% APY for 18 months, 1.25% APY for 2 years and 1.50% APY for 3 years. Minimum deposit is $500. These rates are listed in the bank's rates page as of 10/12/2012.
When I last reviewed this bank last December, the 2-year and 3-year CD rates were 25 basis points higher. We have seen this trend in the last year in which larger rate cuts have hit longer-term CDs
The bank also offers a free checking account with no maintenance fee and up to 4 free ATM transactions per month at other banks' ATMs.
It appears that a branch visit is required to open an account. Valley Green Bank branches are located Philadelphia, PA.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 7.13% (excellent) based on June 2012 data. Please refer to our financial overview of Valley Green Bank for more details. The bank has been a FDIC member since 2005 (FDIC Certificate # 58084).
How These CD Rates Compare
The highest 18-month CD rate nationally available is 1.15% APY at NexBank and at Salem Five Direct. The highest rate for a 2-year CD is 1.41% APY at Sandia Laboratory FCU ($100K minimum). NexBank has the highest 2-year CD rate at a bank with a 1.30% APY. Sandia Laboratory FCU also has the highest 3-year CD rate with a 1.51% APY ($100K minimum). CIT Bank has the highest for a bank with a 1.44% APY ($100K minimum) 1.42% APY ($1K minimum). These rates are accurate as of 10/12/2012.
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.