3.15% 36-Month CD & Other Competitive CD Rates at First State Bank in NJ - Local Only


Update 12/07/09: The CD rates have fallen. Please check the bank's website for the latest rates.

First State Bank has some competitive mid-term and long-term CD rates. The following rates are listed in the rates sheet as of 11/25/09:
  • 2.15% APY 18 months
  • 2.50% APY 2 years
  • 3.15% APY 3 years
  • 3.25% APY 4 years
  • 3.50% APY 5 years
Minimum deposit is $1,000, and these are also available in an IRA.

It appears that a branch visit is required to open an account. Branches are located in Cranford and Westfield, New Jersery.

First State Bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 2006 (FDIC Certificate # 58046).

Thanks to the reader who emailed me news of these rates.

Other High Certificate of Deposit Rates
Anonymous   |     |   Comment #1
The rates have dropped, as of the 12/7/09 rate sheet