Top New York CD Rates- November 29, 2010
Rates for certificate of deposit accounts in New York continue to fluctuate in comparison to previous weeks. In general, New York CD accounts are one of the safest forms of investment. In order to really capitalize using this investment route, it is important to locate the highest CD rate in your area. Finding the best rate will help you maximize your savings faster. The information provided below will help make this a less time consuming process.
Typical CD Rates in New York
Knowing the average CD rate in your state will help you understand the realistic range of interest rates you’re likely to find, as well as pinpoint the truly outstanding offers. Right now, the average 6-month CD rate in New York is 0.73% APY, while the average 12-month CD interest rate is 0.96% APY and two year CDs come in at 1.31% APY. There are plenty of banks and credit unions in New York that beat these rates, however–you just have to know where to find them.
Banks and Credit Unions with the Best New York CD Rates
The following are the NY banks and credit unions that offer CD rates well above the state average: Best 2 year CD rate in NY
- Suma Yonkers Credit Union at 2.28% APY
Top 1 year CD rate in NY
- Mizuho Trust & Banking Co. USA at 2.00% APY
Highest 6 month CD rate in NY
- Mizuho Trust & Banking Co. USA at 1.75% APY
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.