Competitive 5-Year CD Rate at Ponce De Leon Federal Bank in New York City

POSTED ON BY

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.85%$500-Ponce De Leon Federal Bank60 Month CD
Accounts mentioned in this post. Rates as of August 30, 2016.

Ponce de Leon Federal Bank is offering a competitive 5-year CD rate of 2.75% APY. Minimum deposit is $500. This rate is listed at the bank's rates page as of 11/15/2010.

As a comparison to internet banks, the best 5-year CD rate is 2.70% APY at iGObanking.com as of 11/15/2010. For credit unions with easy membership, the best 5-year CD rate is 3.03% APY at Melrose Credit Union. The best 5-year CD rate in NYC appears to be at LOMTO Federal Credit Union which is offering a 3.14% APY 5-year CD as of 11/15/2010. The downside to LOMTO is a limited field of membership.

To open an account at Ponce De Leon Federal Bank, a branch visit is required. Branches are located in Bronx, Manhattan, Brooklyn, Astoria and Jackson Heights, New York, and in Union City, New Jersey.

The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 47.03% (average) based on June 2010 data. Please refer to our financial overview of Ponce de Leon Federal Bank for more details. The bank has been a FDIC member since 1960 (FDIC Certificate # 31189).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments
4.75% 60-Month CD & 4.00% 36-Month CD at Ponce De Leon Federal Bank in New York City
Ponce De Leon Federal Bank is offering several competitive CD rates. These include a 4.75% APY 60-month CD, a 4.00% APY 36-month CD, and a 3.75% APY 24-month CD. Minimum deposit is $500. These rates are listed in the bank's rate table as of 1/13/2009. I called the bank late yesterday, and I was told these rates are still valid. However, they update rates on Wednesdays, so these may not last much longer.

A branch visit is required. Branches are located in Bronx, Manhattan, Brooklyn, Astoria and Jackson Heights, New York,...

Continue Reading