|2.90%||$1k||-||Quontic Bank||60 Month CD|
|2.85%||$1k||-||Quontic Bank||24 Month CD|
|2.76%||$1k||-||Quontic Bank||48 Month CD|
|2.70%||$1k||-||Quontic Bank||36 Month CD|
Quontic Bank is offering several competitive mid-term and long-term CD and IRA CD rates. These include a 1.51% APY 2-year CD, a 1.76% APY 3-year CD, a 2.01% APY 4-year CD and a 2.27% APY 5-year CD. Minimum deposit is $1,000. These rates are listed in the bank's rate sheet as of 2/8/2012.
It's a small bank with two branches in Great Neck and Astoria, New York. It appears that a branch visit is required to open an account.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 7.22% (excellent) based on September 2011. Please refer to our financial overview of Quontic Bank for more details. The bank has been a FDIC member since 2005 (FDIC Certificate # 57807).
How These CD Rates Compare
If you live in New York City and are looking for the best CD rates, you may want to see if you can join one of the NYC credit unions that offer top CD rates. The highest CD rates are offered by Self Reliance New York FCU. This credit union is one of the very few that still lists a CD with 3.00% rate (3.05% APY 5-year CD). As you can read in the comments of my last Self Reliance post, membership into this credit union isn't easy. Top CD rates are also available in NYC at LOMTO FCU and Greater Metro FCU, but these also have limited membership eligibility.
The best 5-year CD rate that's nationally available is 2.60% APY at Digital Credit Union. This requires a $25K minimum deposit and Relationship Checking. Without this relationship (which is difficult to get), the rate is 2.35% APY for a $25K minimum and 2.25% APY for a $500 minimum deposit.
The best nationally available 5-year CD rate at a bank is 2.00% APY (59-month CD special) at US Bank.
These rates are accurate as of 2/8/2012.
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.