12-month Certificate of Deposit Earns 2.53% APY with NorthEast Community Bank in New York
The NorthEast Community Bank in New York still offers very competitive CD rates despite the drop in the recent weeks. Their 12 month deal has the top cd rate of 2.53% APY. This only requires a minimum balance of $1000.
They also have longer term cd’s with the best interest rate at 2.79% APY. Consumers can choose from 18 months to 60 months with the minimum deposit requirement of $500.
Interested individuals can fill up an application online and the bank will send a letter after a few business days. It appears that people from any state can take advantage of this money in the bank deal.
It may be wise to visit one of their branches to confirm how you can lock the posted rates and the fees which may affect the earnings of the certificates. NorthEast Community Bank has branches in Bronx, White Plains, Brooklyn, and Manhattan in New York.
The bank is insured with the FDIC with certificate # 29147. Bankrate.com and BauerFinancial both gave the bank 5 stars when they reviewed its financial soundness.
