Best 6-month CD Rates in New York (Top 3)

April 30, 2011 No Comments »

Anyone living in New York that happens to be in the market for a short term bank CD may want to stop by one of these 3 local institutions mentioned below. We were forwarded these attractive 6 month CD rates this week and they feature APY’s that significantly thump the current national average for six month terms.

Top 3 6-Month CD Rates in New York:

(Like all bank rates, the APY’s we’ve mentioned below are time sensitive in nature. Please refer to our CD rate tables to find updated rate information across the country. You can also compare the APY’s below with the best CD rates in New York City from our archives to see how rates have been trending.)

1) Visions Federal Credit Union (Watkins Glen, NY) has a 6 month CD yielding 1.36% APY with a minimum deposit requirement of $2,500. Visions FCU has 16 branch locations throughout New York including one in Rochester, Syracuse and Norwich. If you live or work in Broome, Chenango, Tioga, Chemung or Schuyler counties in New York; or the Cities of Rochester or Syracuse, New York; or Bradford County, Pennsylvania; you can join Visions Federal Credit Union.

2) SeaComm Federal Credit Union (Potsdam, NY) has a 6 month CD yielding 1.32% APY with a minimum deposit requirement of $2,500. SeaComm FCU has just 5 locations in New York – Massena, Potsdam, Malone, Canton, and Ogdensburg. You are eligible to join SeaComm if you live, work, worship or attend school anywhere in St. Lawrence County or in the following municipalities of Franklin County: Bangor, Bellmont, Bombay, Brandon, Burke, Chateaugay, Constable, Dickinson, Duane, Fort Covington, Malone, Moira, St. Regis Reservation, Waverly and Westville.

3) Massena Savings and Loan Bank (Massena, NY) has a 6 month CD yielding 1.22% APY with a minimum deposit of $2,500 required. Massena Savings and Loan Bank has just 2 locations in New York – Massena and Waddington. You may wish to contact them about opening a CD over the phone if don’t live near one of their two branches.

To put the offers above in perspective, the current national average for 6 month CD’s sits at roughly 0.56% APY. If you live in New York and know of a better six month deposit rate, please share by leaving a comment!

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