Best New York CD Rates: May 2011
The key to growing your savings is to consistently check up on the interest rates available near you. Rates, including CD rates, fluctuate continuously and an account that may have offered a great rate one day could drop while another’s rate increases.
It’s a new month, which means it’s time to reexamine current CD rates in New York, NY. The longer the term of your certificate of deposit, the higher the rate will likely be. However, you can find competitive rates across all term lengths. Below are the top interest rates for 6, 12 and 24 month CDs and the financial institutions offering them:
Best New York CD Rates: 6-Month
- Suma Yonkers Credit Union: 1.51%
- Lomto Credit Union: 1.15%
- Eastbank, National Association: 1.01%
Highest New York CD Rates: 12-Month
- Suma Yonkers Credit Union: 1.77%
- Lomto Credit Union: 1.41%
- Progressive Credit Union: 1.41%
Top CD Rates in New York: 2-Year
- Suma Yonkers Credit Union: 2.02%
- Lomto Credit Union: 1.85%
- Self Reliance (Nj) Credit Union: 1.76%
Please note that these rates are accurate as of May 3, 2011 but are subject to change at any time in the future. Before opening an account, contact the individual financial institution to verify rates are current.
