New York Banking Rates

Deal of the Day: Montauk Credit Union CD Rates at 1.00% APY

montauk credit union

The process of saving and growing money involves finding a financial institution that believes in offering a secure place to store funds while offering great rates to grow those funds. One smart place to store money and enjoy amazing growth is in a certificate of deposit (CD) account.

One problem with these accounts, however, is that rates for CDs are less competitive than they were in years past. Only a few financial institutions are offering great rates with one example being a 1.00% APY for the 12-month CD account currently offered by Montauk Credit Union.

Montauk Credit Union CD Rates: Terms and Conditions

Montauk Credit Union members can enjoy competitive rates for CDs when making an initial deposit of $2,500 to open. The account comes with no monthly service charge and fixed rates. Early withdrawal penalties apply.

About Montauk Credit Union

Montauk Credit Union was chartered by the New York State Banking Department in 1922. Getting its start with only seven members, the establishment now has more than 3,000 members and assets exceeding $140 million.

For individuals who deposit funds with the bank, funds are safe thanks to federal insurance of up to $250,000 from the NCUA. Montauk Credit Union is located in New York City, New York.

Explore competitive rates for CDs.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.