Current Highest 6-Month CD Rates in New York, NY: August 2011
Finding the best CD rates is often a challenge in today’s economy, but there are plenty of financial institutions offering great rates if you know where to find them. Several 6-month CD rates, for example, are very competitive for the area. Here’s a closer look at the best rates this month.
Advantages of a 6-Month CD
There are various CD term lengths available–anywhere from a couple of months to a few years–so what is the advantage to depositing into a 6-month CD? A term of six months is long enough to make some real gains, but not so long that you lose access to a chunk of your savings for an extended period of time. A 6-month CD is a good choice for investors who want better interest rates than what a savings account can offer, but also want access to their money in the near future.
Highest 6-Month CD Rates
Below is a list of the financial institutions in , New York currently offering the best 6-month CD rates.
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These rates are accurate as of August 18, 2011, but are subject to change at any time. Please contact institutions directly to verify rates before opening an account.