What Are New York CD Rates Paying You?
The average CD rate in New York is 1.03% which is higher than many cities in the U.S. and is higher than the national average of 0.89%. With the stock market fluctuating and mortgage loans almost impossible to get, many American consumers are turning to safer investments, such as CDs.
If you were to invest $100,000 into a 24-month CD in New York, you’d gain $2,798 in interest. For a deposit term of 12 months you’d see a return of $975 and in six months you’d see a return of $341.
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