Flushing Savings Bank, FSB – CD Rates

October 26th, 2010

Flushing Savings Bank, FSB quite frequently comes out with good CD specials and their recent offering will not leave you disappointed. They have a 4-star rating and tied with their offering makes it look quite enticing. It is an online only application, but they will take funds from anywhere in the US.

[Update 1/12/11: I’m working on updating rates. Flushing’s current CD rates are quite low. Try North American Savings Bank for a good 14-mo CD.]

FDIC# 16049

Stats Updated: 09/10

Star Rating: 4 (****)

Assets: $4.2BB

Equity: $410.4MM

Capital Ratio: 9.67%

Profits(loss): $30.6MM (9-months)

Phone#:(888) 432-5890

Contact: CD Dept.
Address: 144-51 Northern Blvd.
New York, NY 11354
Penalty:6-Month loss of interest (5-year CD)

Credit Inquiry:
Website: https://www.igobanking.com

Flushing Savings Bank use to have a very strong 2-year and 3-year rate. There are some good and bad reviews out there. Some noted an easy time at the beginning and then subsequent CDs were more difficult. Primary frustration was a rate drop during the time it took to get the CD set-up and the bank not honoring the higher rate. Of course in a falling rate environment that is frustrating, but what if the rate had increased would they still complain ?!?.

Updated: 01/12/11

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cd :O)

-- By +Chris Duncan

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