Virtual Bank Paying 0.60% APY on 3 Month CDs

Virtual Bank is paying 0.60% APY on CDs for three months. The bank requires savers to make a minimum deposit of $10,000.

Hudson City Savings Bank is offering the same rate. Those residing in the tri-state area of Connecticut, New York and New Jersey will have to make a deposit of $500 at least for it. Savers elsewhere will have to deposit $5,000.