CD Rate Reports

Flushing Bank is currently offering two of the best CD rates available for their 12-month and 15-month Certificates of Deposit. The current 12-Month CD rate at Flushing Bank is at 5.00% and the 15-Month CD rate is at 4.60%. The minimum opening deposit for both certificates of deposit is only $1,000.

The Bank’s History

Flushing Bank has been a fixture in its community of Flushing (Queens), NY, for almost 100 years. Founded in 1929, the bank initially served as a local community bank, focusing on the needs of families and small businesses. Over the years, it has evolved to offer a wider range of products, including checking accounts, savings accounts, and investment products, among others. The bank's commitment to its community and to offering competitive financial products has allowed it to expand its reach and customer base.

For more information on the history and offerings of Flushing Bank, visit their official website.

12-Month CD at 5.00%

A 12-Month CD at 5.00% APY (Annual Percentage Yield) is a standout offering and is one of the top 12-month CDs available on our list of CD rates. Many traditional and even online banks currently provide 12-Month CDs at much lower rates. This rate means that customers will get a very attractive return on their investment in just one year, which is particularly beneficial for those who don't want to lock away their savings for extended periods.

15-Month CD at 4.60%

The 15-Month CD at 4.60% is another fantastic option for those looking for a longer CD term, though the CD rate is slightly lower than the 12-month rate. This is an excellent CD product for people who want to park their money for a few more months and earn a good return without the typical long-term commitment required by most CDs.

Why These CD Rates at Flushing Bank are Competitive

The current national average for the 12-month CD rate is considerably lower than these rates. The FDIC's national average 12-month rate is 1.76% this week. If you're thinking about placing your money into a savings account, the current national average savings rate this week is at 0.43 percent.

Comparing with Other Bank CD Rates

Flushing Bank’s CD rates are among the most competitive in the industry. When compared to other bank CD rates, both brick-and-mortar and online, Flushing Bank often comes out near the top, especially for the 12-month CD.

Final Thoughts

Flushing Bank's CD rates offer compelling options for people looking for high-yield, low-risk investments. Whether you are a new saver or a seasoned investor, these CD offerings could be a beneficial addition to your financial portfolio. With their rich history and community focus, Flushing Bank has established itself as a trustworthy institution offering top-notch financial products.

Oh, get ready to sit on the edge of your seat for this—it's about CD rates at Limelight Bank! Wait, are you still there? Good, because you should be. CDs (Certificate of Deposits) have staged a comeback, a rockstar's encore in the world of fixed income. And Limelight Bank, a division of Capital Community Bank, is hitting some high notes. Now, let's dive into the nitty-gritty of what makes Limelight Bank’s CD rates and terms not just a choir of numbers, but a symphony of smart investing.

Limelight Bank CD Rates are some of the best CD rates around right now on short term certificates of deposit. Current 12-month CD rates at Limelight Bank are at 5.60% APY, more than three times the national average 12-month rate of 1.76%. Besides having one of the top 12-month rates, Limelight Bank is also offering an 18-month CD rate of 5.35% APY.

Let's face it: The old-world charm of certificates of deposit has often been overlooked, what with all the fintech innovations stealing the limelight (pun intended). However, Limelight Bank has put the sexy back into CDs with its competitive CD rates. Again, the one-year CD rate with this bank could offer you is at 5.60% APY, compared to the national average bank CD rates at 1.76%. That CD rate might sound low compared to recent equity markets return, but we're talking about risk-free, FDIC-insured money here. If you're looking to play it safe while still wanting more bang for your buck, this could be the way to go.

Now, let’s talk terms—because what's a good deal if it's not on your terms? Limelight Bank offers a flexible range of CD terms, from six months up to five years. It's a mixtape of investment horizons! The highest CD rates are on the 12-month and 18-month CDs which were mentioned above. The shortest-term CD offered is the 6-month CD with a current rate of 3.50% APY. The longest term offered is 36-months which has a current CD rate of 4.00% APY.

Limelight Bank’s CDs might not be as glamorous as tech stocks or as talked-about as cryptocurrency. However, they offer a safe, dependable, and frankly, underappreciated investment channel that should not be overshadowed by their flashier counterparts. With its competitive CD rates, flexible terms, and customer-friendly features, Limelight Bank is a maestro in an industry that’s often criticized for its rigidity.

So, is it worth investing your hard-earned money in a CD at Limelight Bank? If you're looking for a risk-free way to up your interest gains and you don't mind skipping the Wall Street roller coaster, then yes, it is, you can open an account here: Open a Certificate of Deposit at LimeLight Bank