If you are lucky enough to have a boatload of cash to park at Signature Bank, then you can get a 60-Month CD that pays 3.04% APY, that’s one of the highest 60-month CD rates available in the country. Signature focuses “on serving the financial needs of privately owned businesses, their owners and senior managers–a group of clients who often find themselves underserved by the area’s larger financial institutions.”
The bank is located on 565 Fifth Avenue, NY, NY. Posh diggs indeed.
Still, if you can afford it, then the rate is a good one.
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