Deal Summary

5-year CD, 1.01% APY, minimum deposit $2500, dividends paid upon maturity.

Alma Bank’s Top CD Rates

Alma Bank’s top CD rate is 1.01% APY. This rate is offered on the credit union’s 5-year CD with a minimum deposit of $2500. The dividends earned on this CD are paid upon maturity.

The 4-year CD is a great alternative. The account offers an 0.85% APY with a $2500 minimum deposit. This account also pays you your dividends upon maturity.

For short-term investors the credit union offers a 1-month CD. This CD offers an annual percentage yield of 0.25%. This CD is also obtainable with a $2500 minimum deposit. This CD is also paid when the account reaches its maturity.

Alma Bank offers thirteen CDs. Each of these CDs can be opened with a $2500 minimum deposit. You are always welcome to invest more, but you don’t have to. These CD terms vary from 1-month to 5-years. The APY starts at 0.25% and builds to 1.01%. Each of Alma Bank’s CD accounts is subject to early withdrawal penalties.


You must be a member of the Alma Bank to open a CD. This means that you will need to open a checking or savings account. Be sure to go in person or call online to find out more information about opening a CD with them.

Branches in New York

Brooklyn, Bronx, Astoria, Bayside, New York, and Long Island City.

Branches in New Jersey

Clifton, Fort Lee, and Tenafly.

Bank Overview

Alma Bank is a locally-owned bank that does everything they can to help their community. They were founded in 2007 by Eustathios Valliotis with just a single branch. Now, the bank has 13 branches in New York and their capital reaches $1 billion.

Alma Bank helps their community in many different ways. This can be in the form of donations, volunteer hours, school scholarships and more. Most recently, Alma Bank employees went out of their way to donate pastries and coffee on a weekly basis to frontline workers at local hospitals. Employees at Alma Bank are also encouraged to volunteer on a regular basis.

Alma Bank also works closely with the Ronald McDonald house to help those with childhood cancer. Employees volunteered to help Ronald McDonald deliver and serve lunch to families who were staying at the Ronald McDonald house while their child underwent cancer treatments at local NYC hospitals.

The bank also hosts yearly back-to-school backpack giveaways local NYC intermediate public schools to make sure that everyone has the appropriate supplies for school. The backpacks were full of supplies as well to make sure that everyone had everything they needed.