Eastbank, based in New York City, has raised the rate on two certificate of deposit products for consumers in the Big Apple.  The CD rate promotion at Eastbank elevates the yields to a return that is more than five times the national average rate on comparable term bank certificates accounts.

Eastbank boosted the interest rate on their 9 month and 15 month CDs.  The 9 month CD rate is 1.10% while the 15 month CD rate is 1.30%.  In comparison, the national average rate for a one year certificate is 0.22%.

The minimum opening deposit for the CD specials at the bank is $2,500.00.  The minimum deposit is the same for all CDs at the bank.  Savers and investors in the region served by the bank that are interested in other maturities will find a wide range of competitive terms and interest rates.  The CD rates at Eastbank are often among the highest available in all of New York.

The certificate Annual Percentage Yields (APYs) listed are effective as of June 15, 2016 and are subject to change without prior notice.  Early withdrawal penalties may apply to these bank accounts.  For the CD promotions, the early withdrawal penalty is three months earned interest.  Additional terms and conditions may apply.

Eastbank is a full service commercial bank established in 1983.  The bank primarily serves the Asian-American communities of New York City however, the CD promotion along with the other bank products and services are open to those individuals working or residing in the bank’s market area.  Eastbank offers a comprehensive range of deposit and loan products for local businesses and individuals in NY.  The institution currently operates two branches, one in Manhattan and one in Flushing, NY.

More information about the current CD rates at Eastbank or any of the other products and services offered by the bank can be obtained by visiting the Eastbank web site at eastbank-na.com or by calling the bank directly at (212) 219-9208.

Consumers shopping around for the highest certificate of deposit interest rates will find it helpful to compare the best rates at local financial institutions such as Eastbank.  Rate shoppers can returns in the Manhattan and NYC metropolitan region with the best CD rates in NY from a variety of local and national banks in the SelectCDrates.com database.

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