4.08% 7-Month CD at Chinatrust Bank in NY and NJ


Chinatrust Bank (USA) has a CD promotion with a 7-month term and APY's of 4.08% for deposits from $10K to $50K, 4.18% for deposits from $50K to $100K and 4.28% APY for deposits of $100K and over. This doesn't seem to be listed at the bank's website. A reader commented on this yesterday, and I called for additional details. There is no checking account requirement, and according to the CSR the special is scheduled to run through October.

A branch visit appears to be required. Branches are located in California, Seattle, and New York/New Jersey. Note, I was only able to confirm this at a New York branch. It may not be available in the western branches. If you check, please leave a comment.

The bank's financial ratings for soundness are a little weak: 3 stars (adequate) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both are based on 6/30/08 data. The bank has been FDIC insured since 1965 (FDIC Certificate # 19416).

Thanks to the reader who mentioned this CD special in the finding the best deals post.
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