Astoria Bank CD

Astoria Bank CD Review

Astoria Bank CD are offered by Astoria Bank, a bank founded in 1888 and based in Lake Success, NY. Astoria Bank CD are available in state across the USA.

Key Takeaways

• Low APY. The maximum annual percentage yield for this account is only 0.
• $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Wide selection of CD terms. Astoria Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Astoria Bank CD

Astoria Bank CD FAQ

Are CD from Astoria Bank federally insured?

No, your Astoria Bank CD accounts are not insured by a federal insurance agency. This means that if Astoria Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

What is the grace period for Astoria Bank CD?

Astoria Bank CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Astoria Bank charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.

Astoria Bank does not charge an early withdrawal fee.

Astoria Bank does charge any of the fees we track.