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.]
|Star Rating:||4 (****)|
|Address:||144-51 Northern Blvd.|
New York, NY 11354
|Penalty:||6-Month loss of interest (5-year CD)|
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 ?!?.
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-- By +Chris Duncan