5 year CD with 4.0% interest rate through New Jersey bank
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
Thanks to BankVibe reader Yosh who tipped me off on a 5 year certificate of deposit through Community Bank of Bergen County, New Jersey. I know it’s difficult to get excited over a 4.0% annual interest rate for a 5 year maturity, but it still beats the national average for five year CD’s by almost 1.0%.
Community Bank of Bergen County was founded in 1928, and judging from their website, they most likely run a relatively small shop.
They offer certificates of deposits with maturities ranging anywhere from 91 days to 5 years, all of which are yielding mediocre rates (besides their 5 year CD deal). You may wish to compare this rate with BankVibe’s top 5 year CD rates to make sure you can’t find a better yield elsewhere.
This deal is good as of the 3rd of this month and carries a minimum balance of $1,000. Like all other bank CD’s there is a penalty for early withdraw.
To compare this rate to other bank rates, use the navigation tab above.
