Competitive CD Rates at First Central Savings Bank in New York - Local Only

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1.60%$500-First Central Savings Bank60 Month CD
Accounts mentioned in this post. Rates as of September 25, 2016.

First Central Savings Bank is offering several competitive CD rates. The best are its long-term CD rates which include a 3.25% APY for 80 months, 3.10% APY for 6 years and 2.80% APY for 5 years. The short-term CD rates are also competitive, but like all current short-term CD rates, they're lower than what you may expect: 1.15% APY for 9 months and 1.28% APY for 14 months. Minimum deposit is $500. These rates are listed in the bank's deposit rates page as of 4/1/2011.

It appears a branch visit is required to open an account. First Central Savings branches are located in the New York cities of Glen Cove, Sunnyside, Whitestone, Astoria, Ridgewood, Bayside, Flushing and Forest Hills.

One thing to note about this bank is that it's not in the best financial shape. The FDIC issued a consent order against the bank in February. Its overall health score at DepositAccounts.com is 2 stars (out of 5) with a Texas Ratio of 97.42% (poor) based on December 2010 data. Please refer to our financial overview of First Central Savings for more details. The bank has been a FDIC member since 1999 (FDIC Certificate # 34969).

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Comments
Bob1
Bob1 (anonymous)   |     |   Comment #1
The locations of Sunnyside, Whitestone, Astoria, Ridgewood, Bayside, Flushing and Forest Hills are post offices located within the New York City borough of Queens.  Glen Cove is a "Town" in Nassau County.  The terms "City, County, Town and Village" in New York State are defined by law and have political and fianancial mandates.  The US post office defines its own areas and are not necessarly the same as the potitical locations 
3.00% 24-Month CD at First Central Savings in New York
First Central Savings is offering some competitive rates on its mid-term CDs. These include a 2.50% APY 12-month CD, a 2.75% APY 18-month CD and a 3.00% APY 24-month CD. The 6-month CD rate is a little less competitive, but it's still not too bad at 2.00% APY. Minimum deposit is $500. These rates are listed in the bank's rate table as of 4/20/09.

It appears a branch visit is required to open an account. Branches are located in the New York cities of Glen Cove, Sunnyside, Whitestone, Astoria, Ridgewood, Bayside,...

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5.85% 60-Month CD at a New York Bank (First Central Savings)
First Central Savings is offering a 5.85% APY 60-month certificate of deposit. The bank also has a 5.75% APY 24-month CD. The minimum deposit is $500 and the early withdrawal penalty is 6 months of interest.

Branches are located in the New York cities of Whitestone, Astoria, Ridgewood and Bayside. According to the bank representative, they require a branch visit to open an account.

First Central Savings is FDIC insured. The bank has a 4 out of 5 star safe-and-sound rating (sound) at Bankrate.com.

Thanks to the reader who mentioned this CD.





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