East River Bank continues to offer some good deals on its CD specials. The best one now is the 12-month CD which has a 1.15% APY. Minimum deposit is $500. It's listed in the bank's rates page as of 3/25/2013.
The bank continues to offer a competitive rate on its checking account. This used to be called Go Green Checking, but it’s now called Go Anywhere Checking. It currently has a 1.01% APY for balances of $100 and above. Back in 2011, the Go Green Checking had a 1.40% APY, and as a reader described, it’s not a reward checking account with monthly requirements. The only requirement appears to be e-statements. According to the bank's comparison chart, this checking account has no monthly service fees.
The bank has a history of only opening accounts for the Philadelphia metro area. The bank has three 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 5 stars (out of 5) with a Texas Ratio of 9.83% (above average) based on December 2012 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).
How This CD Rate Compares
The highest 12-month CD rate that's nationally available is currently 1.16% APY at State Bank of India - Chicago. If you don't live in the Chicago area, you'll have to open and manage the accounts at this bank by mail. The highest 12-month CD rate at an internet bank is 1.05% APY at CIT Bank and a few other internet banks. These rates are accurate as of 3/25/2013.
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.