Best New York CD Rates in January 2012
Since we are a few weeks into 2012, it’s a great time to revisit your personal finances and find opportunities to improve them. Have you taken a closer look at your bank accounts lately? An improvement you can make right now is switching your money to a higher yield investment. CD rates in NY are competitive if you know where to look, so find out if there’s a bank or credit union near you offering a great rate.
Benefits of NY CD Rates
One of the biggest benefits of choosing NY CD rates over regular savings accounts and rates is that they’re often quite a bit better. This is especially true when it comes to CDs with longer terms. For those who don’t need access to savings for some time, a CD is the smarter option.
Highest CD Rates in NY
6-Month CD Rates
- Suma Yonkers Credit Union: 1.31%
- Lomto Credit Union: 1%
- Island Federal Credit Union: 0.85%
1-Year CD Rates
- Progressive Credit Union: 1.41%
- Suma Yonkers Credit Union: 1.41%
- Maspeth Federal Savings: 1.25%
24-Month CD Rates
- Suma Yonkers Credit Union: 1.67%
- Progressive Credit Union: 1.66%
- Island Federal Credit Union: 1.55%
Please note that the featured NY CD rates are accurate as of 1/23/12, but are subject to change in the future at the discretion of the financial institution. There may also be additional requirements in order to obtain an account. Please verify interest rates before opening an account. You can find the most current interest rates on our NY CD Rates page.