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Astoria Bank Increases Intermediate and Long Term CD Rates

Astoria Bank CD rates were recently increased on the bank's intermediate and long term certificates of deposit. This change is counter to what most banks are doing these days. Many banks are increasing their short term CD rates because short term bond yields are moving higher while intermediate and long term yields remain flat.

CD rates at Astoria Bank were increased on two, three, and four year certificates of deposit. The largest increase was on three year certificates of deposit. Three year CD rates were increased from 1.04 percent with a yield of 1.05 percent to 1.24 percent with a yield of 1.25 percent.

The 20 basis point increase moved Astoria Bank from 20th place to 15th place on our 3 year rate list. The best three year CD rate in our database is 30 basis points higher at 1.54 percent with a yield of 1.55 percent. Live Oak Bank currently has the best three year rate.

Four year CD rates at Astoria Bank were increased 15 basis points from 1.24 percent with a yield of 1.25 percent to 1.39 percent with a yield of 1.40 percent. The new four year CD rate places Astoria Bank at 11th place on our four year rate list, up from 14th place.

Astoria Bank's five year CD rate was increased from 1.39 percent with a yield of 1.40 percent to 1.49 percent with a yield of 1.50 percent. The new five year CD rate moves Astoria Bank up from 18th place to 17th place on our 5 year rate list.

You can see how Astoria Bank's new CD rates compare with other bank CD rates by searching our rate database at CDRates.MonitorBankRates.com.

 







 
Author: Brian McKay
October 14th, 2016