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Asian Bank’s Four-State CD Deal Includes NYC & Philly

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For almost a year now, Philadelphia-based Asian Bank has held a spot on our roundup of the country’s best-paying CDs from community banks and credit unions.

I never wrote about its deal here, though, since opening Asian Bank CDs required visiting its single branch in Philly’s Chinatown, making access a little limited.

But all that has changed.

Asian Bank now allows CDs to be opened by mail or secure email and by anyone who lives in 24 highly populated counties of Pennsylvania, New York, New Jersey and Delaware.

In addition to metropolitan Philly, the territory includes six additional counties in southeast Pennsylvania; Manhattan, Queens, the Bronx and Westchester County in New York; seven counties in central and southern New Jersey; and Delaware’s New Castle County.

Asian Bank is paying 1.68% APY on 30 months, which sits perfectly between the best nationally available 24- and 36-month returns of 1.60% and 1.75% APY, respectively, from the banks on our CD Rates Leaderboard.

A search through Bankrate’s extensive database of the day’s best CD rates is always smart before committing to any CD, but we suspect you’ll find Asian Bank’s offer tough to beat.

The promotional certificate of deposit requires a $1,000 minimum investment, and in addition to the mail and email options, it can, of course, be opened at Asian Bank’s branch on 9th Street in downtown Philadelphia.

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