Broadway Federal Bank just announced they will be offering some competitive long term CD rates. They are only running this special online for a 2 year CD with a 2.53% APY. The account must be funded using ACH transfer or by check. Broadway Federal Bank is also offering additional rates that are not available online, but through their local branches. If you live near a Broadway Federal Bank you can go and apply for one of these high interested CD rates.
- 6 year CD rate at 3.56% APY
- 5 year CD rate at 3.05% APY
- 3 or 4 year CD rate at 2.79% APY
The minimum deposit for these accounts is $1,000.
Once you submit your application you will need to send in a copy of your driver’s license, which will also lock in the rate.
Broadway Federal Bank has branches in Inglewood and Los Angeles, California
As of May 2010 Broadway Federal Bank has a 2 out of 5 soundness rating from bankrate and is FDIC insured. Be sure to always check the soundness rating of any bank before you deposit your funds and be sure that it is FDIC insured.