New South Federal Savings Bank IRA CD rates

New South Federal Savings Bank is offering 6 terms IRA CDs requiring $1,000 minimum deposit. The IRA CD rates, which are competitive, are as follows:

  • 12 months – 2.00%APY
  • 18 months, 24 months and 30 months – 2.25%APY
  • 3 years  – 2.50%APY
  • 5 years – 2.75%APY

The above APYs are current as of June 8, 2009 but subject to change. There is also a substantial penalty for early withdrawal. New South Federal Savings Bank based in Birmingham, Alabama is insured with FDIC.

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