First Choice Bank of NJ is offering a 5-year CD that pays 2.5% APY if it is opened with a Platinum Checking account. That's one of the highest rates in the country for a five year CD. The rate is not listed on their website but I did call and confirm that the offer is valid. Others on BestCashCow have called and stated that the customer service rep did not confirm the offer. Be sure you ask for the one that requires a Platinum Checking account.
The CSR also told me that the Platinum Checking account requires a daily minimum balance of $500 in order to waive fees but this differs from the website which says that there is only a $1 minimum balance but a holder needs $25,000 in aggregated loan and/or CD and Savings balances to qualify. Based on this, if you opened a CD with at least $25,000 and put only $1 in the Platinum Checking account you could quality for the higher rate and avoid fees. I'd clarify this before opening the account.
First Choice Bank of NJ has $930 million in assets according to recent FDIC data. Its branches are located Northeast of Philadelphia near the NJ/PA border.
If you do open an account or speak to someone at the bank, please share your experience with the community.