Habib American Bank offers competitive interest rates for their short term and long term certificate of deposit. The bank’s different CD rates depending on their bank branch. The following are the top CD rates:

Manhattan, Hicksville, New Jersey, Queens branch:

• 6 months           0.75% APY
• 12 months         1.10% APY
• 18 months         1.35% APY
• 2 years              1.50% APY
• 3 years             1.75% APY
• 4 years              2.00% APY
• 5 years             2.50% APY

California branch:

• 1 month            0.30% APY
• 3 months           0.60% APY
• 6 months           1.00% APY
• 12 months         1.50% APY
• 18 months         1.35% APY
• 2 years             1.65% APY

This money in the bank deal requires you to have an initial deposit of at least $1,500 to open a certificate of deposit account. You also need to have a qualifying Savings or Checking account to have this best CD account. In case you decide to withdraw some funds before the maturity date, you will have to shoulder for the early withdrawal penalty. The earnings of this highest CD rates is compounded on a daily basis. Take note that the current interest rates are subject to change anytime without prior notice.

If you want to take advantage of this top CD rates you may visit one of the bank’s offices to open an account. After opening your CD account, you can enjoy managing your account by enrolling to online banking. You may also contact the banks customer service for questions with regard to their CD account and current interest rate.

You can get in touch to the bank by visiting them or calling them to one of this branches and phone numbers: Hicksville- 516-681-5200, Edison- 732-205-1777, Artesia- 562-924-7500, Los Angeles- 213-362-1200, Queens- 718-397-0890, Manhattan- 212-532-4444.

Habib American Bank started it business in 1984. They have already reached over $753 million in assets. The bank is also a member of the Federal Deposit Insurance Corporation with certificate number 25093.