2.25%/2.75% long-term CDs at Ponce De Leon Bank
Ponce De Leon Bank has two respectable longer-term CDs available: Their 4-year CD is yielding 2.25% APY, and their 5-year CD is yielding 2.75% APY. The website doesn’t list the minimum deposit required on these CDs, unfortunately. Ponce De Leon Bank is also offering a relatively high-yield savings account — their Super Savers High Interest account is yielding 1.00% with a $10,000 minimum deposit. With a $500 deposit, that APY goes down to 0.55%.
Ponce De Leon has 11 branches in the New York City area, including five in the Bronx, two in Brooklyn, and one each in Astoria, East Harlem, Jackson Heights, and Union City, NJ.
[Please note: This page is part of the New York CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]