Salem Five, offers 0.100% APY on 3-month certificates of deposit for a minimum deposit of $2,500. The bank calculates simple interest on the deposited amount that will be credited to your account at the end of the term or on a monthly basis.
Astoria Federal Savings and State Farm Bank are offering 0.050% APY on 3-month CDs for a minimum deposit of $500. The interest is compounded on a daily basis, and will be credit to your personal account every month.
