Top 12 month CD rates in New York smash national average!

June 20, 2010 No Comments »

We were forwarded a pretty sweet 12 month CD rate over the weekend by New York state resident Neil F. Currently if you are eligible to join American Airlines Federal Credit Union you can take advantage of a 12 month CD yielding a whopping 1.91% APY with a $10,000 minimum deposit (1.81% APY with a $1,000 deposit)! To put this offer in perspective the current national average for bank CDs (certificate of deposits) with 1 year maturities sits at roughly 1.14% APY.

America Airlines Credit Union (Jamaica, New York) CD Rates:

- 12 month CD yielding 1.81% APY with a minimum deposit of $1,000 required and 1.91% APY with a minimum deposit of $10,000 required.

- 24 month CD yielding 1.91% APY with a minimum deposit of $1,000 required and 2.02% APY with a minimum deposit of $10,000 required.

- 30 month CD yielding 2.32% APY with a minimum deposit of $1,000 required and 2.42% APY with a minimum deposit of $10,000 required.

- 36 month CD yielding 2.52% APY with a minimum deposit of $1,000 required and 2.63% APY with a minimum deposit of $10,000 required.

- 48 month CD yielding 2.98% APY with a minimum deposit of $1,000 required and 3.14% APY with a minimum deposit of $10,000 required.

- 60 month CD yielding 3.14% APY with a minimum deposit of $1,000 required and 3.39% APY with a minimum deposit of $10,000 required.

Before you get too excited about these rates (particularly their 12 month CD rates) understand that AACU is a fairly difficult credit union to join. If you dont have family members who work for -or are retired from- AA or related organizations such as TSA, FAA, etc., then you may be tough out of luck. So for those New York residents who don’t qualify here are some other valuable options…

Best 12 month CD rates available to New York residents:

- CCSE Federal Credit Union (out of Salamanca, New York) has a 12 month CD yielding 1.764% APY with a $1,000 minimum deposit required.

- CFCU Community Credit Union (out of Ithica, New York) has a 12 month CD yielding 1.76% APY with a $500 minimum deposit required.

- Atlas Bank (out of Brooklyn, New York) has a 12 month CD yielding 1.66% APY with a $2,500 minimum deposit required.

Like all bank rates, these are time sensitve in nature so please refer to the date of this article for accuracy. You may want to scroll through our archive of New York CD Rates to look for more offers available in your area.

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