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!

Currently, Metropolitan National Bank is offering anyone a 1 year CD with an APY of 1.35% and a minimum deposit requirement of just $1,000. Their interest rates are non-compounding (“simple interest”) and assume you will keep your deposit within the account until it matures. If you need the money before the term is up, an early withdrawal penalty will be imposed. Also, keep in mind that if you would like to collect your deposit with it’s accrued interest at the date of maturity you’ll probably want to let them know well in advance otherwise they will automatically roll it into another 1 year CD and you’ll get dinged for the early withdrawal.

Metropolitan National Bank CD Rates:

(rates accurate as of 2/2011)

- 3 month CD yielding 0.25% APY with a minimum deposit of $1,000 required.

- 6 month CD yielding 1.15% APY with a minimum deposit of $1,000 required.

- 12 month CD yielding 1.35% APY with a minimum deposit of $1,000 required.

- 18 month CD yielding 1.45% APY with a minimum deposit of $1,000 required.

- 2 year CD yielding 1.60% APY with a minimum deposit of $1,000 required.

- 3 year CD yielding 1.90% APY with a minimum deposit of $1,000 required.

- 4 year CD yielding 2.05% APY with a minimum deposit of $1,000 required.

- 5 year CD yielding 2.35% APY with a minimum deposit of $1,000 required.

If you have opened one of Metropolitan National Bank’s CDs before please share your experience by leaving a comment below!

BankVibe.com

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.

Compare these rates to other CD rates in New York.

Keep in mind interest rates are time-sensitive in nature, so you will want to refer to the date of this article for accuracy. To get the most CD current rates from national banks, compare CD rates nationwide. 

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 which beat the national average by the highest margins.

Best 6 month CD rates in New York City, NY:

• .Signature Bank has a 6 month CD yielding 1.90% APY with a minimum deposit of $5000 required. They have locations throughout the city but primarily operate out of the Bronx.
• Actors Federal Credit Union out of New York City has a 6 month CD yielding 1.75% APY with a minimum deposit of $500 required.
• Quorum Federal Credit Union has a 6 month CD and a 9 month CD yielding 1.75% APY with a minimum deposit of $1000. They have locations on Manhattan Island and in the Bronx.

Best 12 month CD rates in New York City, NY:

• Signature Bank (Bronx branch) also has a 12 month CD yielding 2.20% APY with a minimum deposit of $5000.
• Liberty Point Bank (New York City) has a 12 month CD yielding 2.17% APY with a minimum deposit of $1,000 required.
• Park Avenue Bank of New York City has a 12 month CD yielding 2.12% APY with a minimum deposit of $1,000 required.

Best 24 month CD rates in New York City, NY:

• Island Federal Credit Union has a 24 month CD yielding 2.65% APY with a minimum deposit of $5000 required. They have several locations within the city and are headquartered out of Brooklyn, NY.
• Fort Lee Federal Savings Bank has a 24 month CD yielding 2.55% APY with a minimum deposit of $1000 required. They have locations (either physical branch or ATM) in New York City but primarily operate out of New Jersey.
• Hudson City Savings Bank has a 24 month CD yielding 2.50% APY with a minimum deposit of $500. They have locations in the city as well as Cliffside Park, NJ.