Highest New York CD Rate – December 9, 2010
Investing in a certificate of deposit is a great way to put your savings to work. CDs are among the safest forms of investing, and can sometimes provide high interest rates, if you know what to look for. Factors that make a high CD rate more probable include: the amount of money you are depositing, and the duration of your CD term. Rates also vary by location, so it’s important to know the average CD rates being offered in your area.
Average New York CD Rates
The state in which your CD account is held makes a difference in the interest rate you can expect to earn. For example, if you’re shopping around for a CD in New York, you can compare offers from various bank and credit unions with the following averages in mind:
- Average 6 month CD rate in NY: 0.73%
- Average 12 month CD rate in NY: 0.96%
- Average 24 month CD rate in NY: 1.31%
New York Banks and Credit Unions with the Highest CD Rates
Now that you have a benchmark in mind, here are some of the best New York banks and credit unions for finding great CD rates: Best New York 6-Month CD Rate
- Bethpage Federal Credit Union: 0.85%
Top New York 12-month CD rate
- Mizuho Trust & Banking Co. USA: 2%
Highest New York 24-month CD rate
- Suma Yonkers Credit Union: 2.28%
Don’t pass up these great New York CD rates. In order to open an account with one of the above financial institutions or view a comprehensive list of all the banks and credit unions in your state, view our list of New York banks for contact information and start earning the best rates possible.
Other Terms and Conditions may apply. Additionally, rates 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.