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Decent 3 month CD rates for New York, NY residents

August 4th, 2010 Posted in Best CD Rates

Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.

BankVibe.com reader Yosh sent us a pretty solid 3 month CD available to residents in New York City. It comes from Marathon Bank and pays and APY of 1.0% on deposits between $1,000 and $100,000. We realize a 1 percent yields on any deposit products are never anything to get giddy over, however, it still crushes the current national average for 3 month CD’s by almost 1/2 percent.

Marathon National Bank of New York was founded in 1989 to serve the financial needs of local consumers and business owners in the greater New York Metropolitan area. The bank’s principal belief was that it’s ability to provide high quality customer service would be the key factor in retaining and growing a solid customer base. For almost two decades, this full service commercial bank has been dedicated to the ideal of providing creative financial solutions and unparalleled personal service to its customers.

Marathon banks other certificate of deposit offerings are fairly lack luster. The only decent CD rate they have (when compared to the national average) is there 3 month product. Their longer term deposits aren’t even noteworthy.

Complete List of CD rates offered through Marathon Bank:

Like all bank rates, these are time-sensitive in nature and may change without notice. Please refer to the date of this article for accuracy. You may view Marathon Bank’s current CD rates here.

CD’s IRA’S
Rate APY Rate APY
3-Month 0.99% 1.00% 0.99% 1.00%
4-Month 0.99% 1.00% 0.99% 1.00%
5-Month 0.99% 1.00% 0.99% 1.00%
6-Month 1.04% 1.05% 1.04% 1.05%
7-Month Liquid 0.99% 1.00% n/a n/a
11-Month 1.19% 1.20% 1.19% 1.20%
12-Month 1.19% 1.20% 1.19% 1.20%
13-Month 1.24% 1.25% 1.24% 1.25%
18-Month 1.49% 1.50% 1.49% 1.50%
24-Month 1.73% 1.75% 1.73% 1.75%
30-Month 1.98% 2.00% 1.98% 2.00%
36-Month 2.07% 2.10% 2.07% 2.10%
60-Month 2.62% 2.65% 2.62% 2.65%

Compare these rates to other CD rates in New York.



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