Eastbank, based in New York, New York,  is offering certificates of deposit with terms ranging from 3 months to 5 years. The bank’s shorter term certificate of deposit rates are very competitive and are some of the best CD rates at banks available these days. The minimum opening CD account balance is $2,500.

EastBank’s 12 month certificate of deposit tops our 12 month bank CD rate chart in NYC. The current 12 month rate is 1.86% with an annual percentage yield of 1.88%. The rate is almost double the national average rate.

The bank’s 3 month certificate of deposit rate is currently at 1.24% with an annual percentage yield of 1.25%. The 3 month CD rate is the highest CD rate on our 3 month rate table and triple the 3 month national average rate of 0.42 percent.

Here is a list of Eastbank’s current CD rates:

• 3 month CD – rate 1.24% APY 1.25%
• 6 month CD – rate 1.24% APY 1.25%
• 12 month CD – rate 1.86% APY 1.88%
• 24 month CD – rate 2.32% APY 2.35%
• 30 month CD – rate 2.47% APY 2.50%
• 60 month CD – rate 3.20% APY 3.25%

All certificate of deposit accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000. For more information and current CD rates call Eastbank at 212-219-9000.