Best CD Rates in New York City, NY: Top 3

December 12, 2012 No Comments »
Best CD Rates in New York City, NY: Top 3

Below are the highest yielding CD (certificate of deposit) rates available to the residents of New York City, NY.

These come in the form of 6 month CDs, 12 month CDs and 24 month CDs. After surveying hundreds of rate pages by local community banks and credit unions serving residents in New York City as well as the state of New York, we found that for the most part, you will be able to receive the highest rates with either online banks or, in some instances, with local credit unions.

[See more deposit rates in New York from our archives.]

The rates are accurate as of December 2012. To get additional current CD rates from national banks, compare CD rates nationwide from our database shown below.

How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates that beat the national average by the highest margins.

Top CD Rates in New York City, NY (Local Institutions Only):

Min. Deposit
First Central Savings Bank 6 month CD 0.65% $500 (718) 352-7100
Atlantic Bank 7 month CD 0.75% $500 (212) 371-4551
BBCN Bank (Fort Lee, NJ) 12 month CD 1.00% $1,000 (213) 427-6388
East Bank 12 month CD 1.00% $1,000 (212) 219-9000
American Airlines Federal Credit Union 60 month CD 2.27% $10,000 (718) 476-4430
Signature Bank 60 month CD 1.97% $5,000 (212) 292-1491

All of the above institutions are federally insured by either the FDIC or NCUA. If you live in the city of New York City, NY and know of a better interest rate offered through your local bank or credit union, please share by leaving a comment.
Compare with the top CD rates available nationwide from our database (below):

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