Massena Savings and Loan Offering 2.56% APY 3-Year CD
Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Massena Savings and Loan Offering 2.56% APY 3-Year CD

Rate information contained on this page may have changed. Please find latest cd rates.

Massena Savings and Loan is paying 2.56% APY on a 3-year CD. That's one of the highest rates according to BestCashCow data.

Massena Savings and Loan is paying 2.56% APY on a 3-year CD. That's one of the highest rates according to BestCashCow data.

For comparison, the best 3 year CD rate for an online account is 2% APY with a $100,000 minimum balance. The minimum balance for the Massena CD is $1,000. The catch is that the CD is only available in Massena's limited footpring of update New York. The bank has two branches in Massena, NY and Waddington, NY. I called them and they do not accept applications via phone or online.

But even if you don't live in Massena's footprint, other local banks are offering very competitive rates. For example, Adrian State Bank in Adrian, MN is offering a 3-year CD for 2.51% APY and Gibraltar Private Bank & Trust Co. in Coral Gables, FL is offering a 2.50% APY 3-year CD. Before you open any account be sure to check local CD rates by clicking through to our tables to find the most competitive offer in your area. BestCashCow provides competitive local bank rates for every zip code in the country.

A high rate does not mean a risky bank. Massena has $138 million in assets (a small bank) and a Texas ratio of 16.08% versus the national average of 24.44% (the lower the ratio, the better). Deposits at Massena are FDIC insured.

Sol Nasisi
Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee

Your code to embed this article on your website* :

*You are allowed to change only styles on the code of this iframe.

Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
Quontic Bank 1-Year 2.25% APY with $1,000 minimum
Navy Federal Credit Union 1-Year 2.20% APY with $100,000 minimum
BAC Florida 1-Year 2.15% APY with $100,000 minimum
Connexus Credit Union 3-Year 2.50% APY with $5,000 minimum
Navy Federal Credit Union 3-Year 2.35% APY with $100,000 minimum
Bank5 Connect 3-Year 2.30% APY with $500 minimum
Dollar Savings Direct, a division of Emigrant Bank 5-Year 2.80% APY with $1,000 minimum
Connexus Credit Union 5-Year 2.60% APY with $5,000 minimum
Prime Alliance Bank 5-Year 2.50% APY with $500 minimum

See More Online CD Rates →

Comments

Add your Comment