Local Deal in New York City: Signature Bank with 2.40% APY for 18 month Certificate of Deposit
The Signature Bank continues to push for their best certificate of deposit rates which include a 12-month CD that earns 2.20% APY, 18-month term at 2.40% APY, and a 2 year money in the bank deal earning 2.65% APY. The bank requires a balance of at least $5,000 so you can enjoy these highest interest rates.
These top cd rates are not being offered as certificate of deposit specials so there is no need to worry about extra requirements like opening a checking account. The current interest rates are not listed on the bank’s website. This was tipped to us by one of our readers. We checked and it is still available though they may change any time according to the customer service representative.
There are no online applications available. If you want to take advantage of this money in the bank deal you have to drop by one of their branches in New York City.
Bankrate.com stamped 4 stars for the performance of Signature Bank based on their March 2009 data. June information from BauerFinancial convinced them to give the bank 5 stars.
The bank is covered by the FDIC with certificate number 57053.
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