New York Banking Rates

How Do New York Interest Rates at Credit Unions Compare to Banks?

Credit unions are known for their competitive interest rates and superior customer service. Then again, so are community banks. So when you’re trying to find the best financial institution to develop a banking relationship with, do you go with a bank or a CU? Below is a breakdown of the New York interest rates available at both credit unions and local banks so you can determine which is better for your location.

Banks Versus Credit Unions

Number of Banks: [bankcount banktype=”bank”]
Number of Credit Unions: [bankcount banktype=”credit union”]

Average 6-Month CD Rate–Bank: [accountaverage type=”6″ banktype=”bank”] APY
Average 6-Month CD Rate–CU: [accountaverage type=”6″ banktype=”credit union”] APY

Average 12-Month CD Rate–Bank: [accountaverage type=”12″ banktype=”bank”] APY
Average 12-Month CD Rate–CU: [accountaverage type=”12″ banktype=”credit union”] APY

Average 24-Month CD Rate–Bank: [accountaverage type=”24″ banktype=”bank”] APY
Average 24-Month CD Rate–CU: [accountaverage type=”24″ banktype=”credit union”] APY

Average Savings Rate–Bank: [accountaverage type=”savings” banktype=”bank”] APY
Average Savings Rate–CU: [accountaverage type=”savings” banktype=”credit union”] APY

Where to Get the Best New York Bank Rates

CD Rates

6-Month CD:
[accountlist type=”6″ order=”desc” count=”3″ bankname=”on” banktype=”bank”]
12-Month CD:
[accountlist type=”12″ order=”desc” count=”3″ bankname=”on” banktype=”bank”]
24-Month CD:
[accountlist type=”24″ order=”desc” count=”3″ bankname=”on” banktype=”bank”]

Savings Rates

[accountlist type=”savings” order=”desc” count=”3″ bankname=”on” banktype=”bank”]

New York Credit Unions With the Highest Interest Rates

CD Rates

6-Month CD:
[accountlist type=”6″ order=”desc” count=”3″ bankname=”on” banktype=”credit union”]
12-Month CD:
[accountlist type=”12″ order=”desc” count=”3″ bankname=”on” banktype=”credit union”]
24-Month CD:
[accountlist type=”24″ order=”desc” count=”3″ bankname=”on” banktype=”credit union”]

Savings Rates

[accountlist type=”savings” order=”desc” count=”3″ bankname=”on” banktype=”credit union”]

Please note that these rates are accurate as of July 14, 2011 but may change at any time. You can view our most current rate information on the New York CD Rates and New York Savings Rates pages. Please contact individual financial institutions to verify rates before opening an account.