Top CD Rates at First American International Bank in New York City - Local Only

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.05%$500$100kFirst American International Bank15 Month CD
0.65%$500$100kFirst American International Bank18 Month CD
0.65%$500-First American International Bank18 Month IRA (Traditional, Roth)
Accounts mentioned in this post. Rates as of September 29, 2016.

First American International Bank is offering a special 1.50% APY on its 15-month and 18-month CD. Minimum deposit is $500. For the 18-month CD, higher rates are listed in a graphic: 1.60% APY for a $100K and 1.70% APY for $250K. The 18-month CD is also available in an IRA. These rates are listed at the bank's rates page as of 12/21/2010.

Compared to internet banks as of 12/21/2010, the best 12-month CD rate is 1.50% and the best 18-month CD rate is 1.65% APY at CNB Bank Direct with a minimum $25K deposit.

It appears that a branch visit is required to open an account. Branches are located in Brooklyn, Manhattan and Queens, New York.

The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 46.04% (average) based on September 2010 data. Please refer to our financial overview of First American International Bank for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 35186).

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2.50% 24-Month CD at First American International Bank in New York City - Local Only
Update 12/27/09: The 24-month and 36-month CD rates have fallen 25 basis points.

First American International Bank has some competitive mid-term CD rates. These include a 2.10% APY 18-month CD, a 2.50% APY 24-month CD and a 2.75% APY 36-month CD. Minimum deposit is $500. These rates are listed at the bank's rates page as of 12/22/09. The 2-year and 3-year rates are also listed for IRAs.

It appears higher rates are available for larger balances. There's a promo ad on the home page that lists special rates for the 3-year CD...



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