4.25% 6-Month / 4.50% 12-Month CD at a New York Bank (Asia)


Asia Bank, N.A.'s New York branches are offering some attractive CD rates. The two must competitive include the 6-month CD with a yield of 4.25% APY and the 12-month CD with a yield of 4.50% APY. The minimum deposit is $1,000.

It appears that a branch visit may be required to open an account. The bank's New York branches are located Flushing, Elmhurst and New York City.

Although Asia Bank's website doesn't give an appearance of strength, it does have some strong financial ratings: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both are based on 3/31/08 data. The bank has been FDIC insured since 1984 (FDIC Certificate # 25745).