New York – 6.25% 10-year CD
Folks in New York have a 10-year 6.25% promotional CD available to them from an FDIC insured bank. The bank is Ridgewood Savings Bank and they are offering the 10-year IRA CD rate on new deposits at a minimum of $2k. Remember that FDIC insurance should cover up to $250,000 of IRA deposits now so you can lock in a 6.25% FDIC insured guaranteed return for a long time. The penalty for early withdrawal is 1 year of interest.