Best 18-Month CD Rates in New York City, New York NY - FDIC Insured Certificates of Deposit - August 1, 2025

You are viewing local cd rates from banks around: New York, NY 10116

Below are eighteen-month Certificates of Deposit (CD) rates from banks located within 20 miles of the zip code above. Eighteen-Month CDs offer a bit more yield than 1-year CDs but require a longer time-commitment. Like any CD, you should consider the trade-off between the difference in yield and the required time commitment. If an 18-month CD pays significantly above the yield of a 12-month CD, it may be worth opening.

New York City, NY - August 1, 2025

18 Month CD National Average : 0.58% ^?

Banks	APY	MIN	MILES ^?
Merrick Bank	4.20%	$25,000	-	Learn More
Warning: Early Withdrawal Penalty is 2% of the account balance. Rate History: 4.35% → 4.20% → 4.15% → 4.05% → 4.20%
Frank M \| Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More Reviews (2)
Finworth, a division of InsBank New York Branch	4.20%	$50,000	3.44	Learn More Add Review
Early Withdrawal Penalty is 8 months interest. Rate History: 4.50% → 3.75% → 3.85% → 4.30% → 4.20%
Geoffrey Christopher 1 \| Nov 12, 2023 Finworth looks legit, but their online disclosures and incomplete and you cannot reach them by phone and they don't respond to inquiries. I am moving along and you should too. Read More
Valley Direct, a division of Valley National Bank	4.15%	$500	-	Learn More Add Review
AEM \| Sep 18, 2023 I agree with another user, this bank is very poorly put together, and may very well be an operation in large part used to extract and sell people's personal information. I called customer service and had ... Read More
Popular Direct	4.10%	$10,000	-	Learn More Add Review
Early Withdrawal Penalty is 270 days interest. Rate History: 4.10% → 4.15% → 4.10% → 4.00% → 4.10%
Neil \| Dec 18, 2023 I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	4.05%	$500	3.94	Learn More
Early Withdrawal Penalty is 90 days interest. Rate History: 5.20% → 3.00% → 4.85%
Richard \| Jul 1, 2022 Very easy opening process and wonderful staff. Read More Reviews (6)
Limelight Bank, A division of Capital Community Bank	4.00%	$1,000	-	Learn More Add Review
Early Withdrawal Penalty is 90 days interest. Rate History: 4.50% → 4.25% → 4.15% → 4.05% → 4.00%
Savvysaver \| Jun 26, 2020 Rate not current Read More
First Central Savings Bank First Central Savings Bank Branch	4.00%	$500	5.05	Learn More Add Review
Rate History: 1.00% → 4.00%
Sallie Mae Bank	3.80%	$2,500	-	Learn More
Earty Withdrawal Penalty is 180 days interest. Rate History: 4.75% → 4.50% → 4.35% → 3.85% → 3.80%
HAL1975 \| Aug 2, 2023 Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More Reviews (40)
Vio Bank, A Division of MidFirst Bank	3.80%	$500	-	Learn More Add Review
Rate History: 4.00% → 3.95% → 4.00% → 3.95% → 3.80%
Jim S \| Dec 21, 2023 Very easy to setup 6 month 5.35% CD from cornerstone account Read More
GSL Savings Bank Gsl Savings Bank Branch	3.77%	$500	5.73	Learn More
Rate History: 4.13% → 3.98% → 4.13% → 3.87% → 3.77%
john \| Apr 29, 2020 I called this banl there is no this rate Read More Reviews (1)
Citibank, National Association Private Bank Branch - Short Hill	3.75%	$0	18.94	Learn More
Rate History: 3.75% → 2.45% → 3.85% → 4.00% → 3.75%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
Empire State Bank Railroad Avenue Branch	3.75%	$1,000	11.15	Learn More
Rate History: 4.50% → 3.00% → 4.50% → 4.00% → 3.75%
Papa \| Jul 31, 2020 Reduced savings rate from 1.88% to .75% a day after I deposited a substantial amount of money and no notice given or reduction in rate told to me Read More Reviews (1)
New Millennium Bank Fort Lee Branch	3.75%	$500	9.70	Learn More Add Review
Rate History: 4.85% → 4.50% → 4.00% → 4.20% → 3.75%
Capital One, National Association Livingston Circle Branch	3.70%	$0	19.50	Learn More
Rate History: 4.45% → 4.25% → 3.90% → 3.80% → 3.70%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Bank of Hope Bank Of Hope Branch	3.60% 0.30%	$250,000 $1,000	9.21	Learn More
Rate History: 3.95% → 4.10% → 3.80% → 3.79% → 3.60%
NORTY FLATZ \| Dec 3, 2019 Have done business with "Hope's" San Diego branch for a few years. Always courteous and helpful. Looking forward to doing business with them in the future. Read More Reviews (1)
Ponce Bank Bergenline Ave. Branch	3.60%	$1,000	4.48	Learn More Add Review
Rate History: 4.50% → 4.75% → 4.27% → 3.60%
Ridgewood Savings Bank Bay Ridge Branch	3.55%	$100	6.27	Learn More
Rate History: 5.00% → 5.05% → 4.15% → 4.10% → 3.55%
an \| Apr 25, 2022 We would not be having all this trouble with people sealing money out of other people's bank accounts if we were to just stop using fancy banking like onlinebanki Read More Reviews (5)
LendingClub Lakeville Rd Branch	3.50%	$2,500	16.39	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 4.90% → 4.75% → 4.40% → 3.75% → 3.50%
overdrawn \| Nov 12, 2022 I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More Reviews (21)
Wells Fargo Bank, National Association Nassau Branch (Frgn)	3.50%	$5,000	15.69	Learn More
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Cross River Bank Cross River Bank Branch	3.50%	$500	11.95	Learn More
Rate History: 2.25% → 5.45% → 3.50%
Zman111 \| Jun 26, 2022 ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check. Read More Reviews (13)
Spring Bank Harlem Branch - Frederick Douglas Blvd	3.50%	$250	6.63	Learn More Add Review
Rate History: 5.00% → 4.00% → 3.50%
Cross County Savings Bank Kings Branch	3.45%	$500	3.26	Learn More Add Review
Rate History: 3.45% → 3.35% → 3.50% → 3.45%
Spencer Savings Bank, SLA Garwood Branch	3.35%	$1,000	17.37	Learn More
Rate History: 4.25% → 4.50% → 4.30% → 4.10% → 3.35%
Customer18 \| Mar 26, 2021 Spencer Bank is by far, the ABSOLUTE WORST Banking institution there is. The Bank - and the Headquarters - display a host of shortcomings and clearly are the most substandard bank - dealing with numerou... Read More Reviews (1)
Maspeth Federal Savings and Loan Association 101-09 Metropolitan Ave Branch	3.35%	$1,500	2.29	Learn More Add Review
Rate History: 5.00% → 5.50% → 4.25% → 3.35%
Apple Bank for Savings Staten Island Branch	3.25%	$1,000	12.56	Learn More Add Review
Rate History: 3.50% → 3.25%
CIT Bank, a division of First-Citizens Bank and Trust	3.00%	$1,000	-	Learn More Add Review
RTN1949 \| Jun 2, 2022 I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More
Bogota Savings Bank Classic Residence Branch	3.00%	$1,000	12.26	Learn More Add Review
Hanover Community Bank Hanover Community Bank Branch	3.00%	$500	17.94	Learn More
Rate History: 3.00% → 4.00% → 3.50% → 3.25% → 3.00%
Douglas H \| Feb 5, 2020 The employees of this bank are helpful but the bank's systems and procedures for obtaining your account information STINK. If you want a bank that provides you quarterly (or even annual) statements by mai... Read More Reviews (2)
Habib American Bank Iselin Branch	3.00%	$1,500	19.90	Learn More
Rate History: 2.65% → 3.00%
Ryan \| Feb 13, 2018 Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys an... Read More Reviews (2)
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	2.75%	$0	3.94	Learn More
Richard \| Jul 1, 2022 Very easy opening process and wonderful staff. Read More Reviews (6)
Kearny Bank Montville Branch	2.25%	$500	23.67	Learn More Add Review
JPMorgan Chase Bank, National Association Oakes Field Center Branch (Frgn)	2.00%	$10,000	16.89	Learn More
Rate History: 3.00% → 2.50% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
PCB Bank Fort Lee Office Branch	1.51%	$1,000	9.50	Learn More Add Review
United Orient Bank United Orient Bank Branch	1.25%	$500	0.52	Learn More Add Review
TD Bank, National Association Montville Nj Branch	1.00%	$10,000	22.71	Learn More
Rate History: 4.50% → 1.00% → 4.00% → 1.00%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
TrustCo Bank Bronxville Branch	0.92%	$500	18.16	Learn More
Rate History: 0.10% → 4.25% → 1.50% → 0.92%
Mark Fitzpatrick \| Apr 4, 2016 I been with trustco for years and it is well run. They really are a home town bank. As a small business person i appreciate the business card stand they have in the branches for there customers. I was w... Read More Reviews (1)
Amerasia Bank 86-26 Broadway Branch	0.66%	$10,000	7.00	Learn More
Chang \| Aug 19, 2021 Best Service! Read More Reviews (3)
Glen Rock Savings Bank Glen Rock Savings Bank Branch	0.65%	$10,000	17.45	Learn More Add Review
Hanmi Bank Edison Branch	0.65%	$100,000	23.14	Learn More Add Review
BNB Bank 52nd Street Manhattan Branch	0.65%	$10,000	3.60	Learn More Add Review
Global Bank Global Bank Branch	0.65%	$10,000	0.51	Learn More Add Review
Provident Bank Metuchen Branch	0.60%	$10,000	22.40	Learn More
Abraham Farber \| May 14, 2015 looking to refinance into a fixed equity 15 yr loan, I have now a 1st Mortg & equity line total of about 218000. looking to get about 360 & pay off the old ones & have extra, I have a 4 unit house were we ... Read More Reviews (1)
Alma Bank Clifton Branch	0.60%	$10,000	13.24	Learn More Add Review
Haven Savings Bank Summit Br Branch	0.60%	$10,000	18.67	Learn More Add Review
Metropolitan Commercial Bank Boro Park Branch	0.60%	$10,000	5.50	Learn More Add Review
Hanmi Bank Edison Branch	0.50%	$10,000	23.14	Learn More Add Review
PCSB Bank Mount Vernon Br Branch	0.50%	$10,000	16.47	Learn More Add Review
Carver Federal Savings Bank Atlantic Terminal Branch	0.50%	$10,000	2.43	Learn More Add Review
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	0.50%	$100,000	5.23	Learn More Add Review
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	0.40%	$10,000	5.23	Learn More Add Review
The Berkshire Bank Teaneck Branch	0.35%	$10,000	12.24	Learn More Add Review
Metro City Bank Bayside Branch	0.33%	$1,000	12.90	Learn More
thedon \| Mar 29, 2020 have been waiting 8 weeks - yes 8 weeks for a closing date from this bank ..... they keep giving flimsy excuses requesting insignificant and unnecessary paperwork from us ( the seller ) the buyers who know... Read More Reviews (1)
Cathay Bank Brooklyn Branch	0.30%	$50,000	5.11	Learn More Add Review
Purepoint MUFG Union	0.25%	$10,000	-	Learn More Add Review
UtahJazz1 \| Jun 10, 2022 This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More
Crown Bank Cranford Branch	0.25%	$10,000	16.27	Learn More Add Review
KEB Hana Bank USA, National Association Keb Hana Bank Usa, National Association Branch	0.25%	$10,000	9.16	Learn More Add Review
Shinhan Bank America Palisades Park Branch	0.25%	$10,000	9.09	Learn More
Lori Kroko \| Mar 10, 2021 I think that it is absolutely despicable that I have been a customer of the Bank for more than 8 years and I bring in rolled coins with my account number on each wrapper and I am charged 5% fee. Cost me $3... Read More Reviews (1)
Lusitania Savings Bank Liberty Avenue Branch	0.25%	$10,000	12.30	Learn More Add Review
Webster Bank, National Association Yonkers Branch	0.20%	$10,000	15.23	Learn More Add Review
Banco Bilbao Vizcaya Argenteria	0.15%	$500	-	Learn More Add Review
The Duffster \| May 21, 2018 I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More
Freedom Bank (NJ) Freedom Bank Branch	0.15%	$500	12.84	Learn More Add Review
Rate History: 0.15% → 0.30% → 0.15%
BankUnited, National Association Borough Park Brooklyn Branch	0.10%	$1,000	5.84	Learn More Add Review
East West Bank Brooklyn 8th Avenue Branch	0.10%	$10,000	5.27	Learn More
Bauhinia C \| Mar 15, 2023 Oh Natty natty natty, haha the fact you need to take out (probably a second) loan for $160,000 on a $625,000 sends up all kinds of red flags. The bank was right to run away from YOU dear hahaha. Read More Reviews (2)
KeyBank National Association North Middletown Road Branch	0.05%	$10,000	24.17	Learn More
Rate History: 4.75% → 0.01% → 0.05%
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
PNC Bank, National Association North Edison Branch	0.03%	$25,000	20.55	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Bank of America, National Association North Point Branch (Frgn)	0.03%	$100,000	15.78	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

Branches Info around zip 10116

Branch	Street	City	State
Finworth, a division of InsBank New York Branch	1 Rockefeller Plaza	New York	NY
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	499 Park Avenue	New York	NY
First Central Savings Bank First Central Savings Bank Branch	45-08 46th Street	Sunnyside	NY
GSL Savings Bank Gsl Savings Bank Branch	6823 Bergenline Ave	Guttenberg	NJ
Citibank, National Association Private Bank Branch - Short Hill	101 John F Kennedy Parkway, 4th Floor	Short Hills	NJ
Empire State Bank Railroad Avenue Branch	1361 N. Railroad Avenue	Staten Island	NY
New Millennium Bank Fort Lee Branch	1620 Lemoine Avenue	Fort Lee	NJ
Capital One, National Association Livingston Circle Branch	623 West Mount Pleasant Ave	Livingston	NJ
Bank of Hope Bank Of Hope Branch	211 Broad Avenue	Palisades Park	NJ
Ponce Bank Bergenline Ave. Branch	3821 Bergenline Ave	Union City	NJ
Ridgewood Savings Bank Bay Ridge Branch	8522 Third Avenue	Brooklyn	NY
LendingClub Lakeville Rd Branch	2020 Lakeville Rd	New Hyde Park	NY
Wells Fargo Bank, National Association Nassau Branch (Frgn)	Imperial Bank Building	Nassau
Cross River Bank Cross River Bank Branch	885 Teaneck Road	Teaneck	NJ
Spring Bank Harlem Branch - Frederick Douglas Blvd	301 W. 111th Street	New York	NY
Cross County Savings Bank Kings Branch	731 Metropolitan Ave.	Brooklyn	NY
Spencer Savings Bank, SLA Garwood Branch	325 North Avenue	Garwood	NJ
Maspeth Federal Savings and Loan Association 101-09 Metropolitan Ave Branch	101-09 Metropolitan Ave	New York City	NY
Apple Bank Staten Island Branch	2655 Richmond Avenue, Suite 2005	Staten Island	NY
Bogota Savings Bank Classic Residence Branch	655 Pomander Walk	Teaneck	NJ
Hanover Community Bank Hanover Community Bank Branch	2131 Jericho Turnpike	Garden City Park	NY
Habib American Bank Iselin Branch	1585 Oak Tree Road	Iselin	NJ
M.Y. Safra Bank M.Y. Safra Bank, Fsb Branch	499 Park Avenue	New York	NY
Kearny Bank Montville Branch	339 Main Road (Route 202)	Montville	NJ
JPMorgan Chase Bank, National Association Oakes Field Center Branch (Frgn)	Russell Road And Thompson	Nassau
PCB Bank Fort Lee Office Branch	1550 Lemoine Avenue	Fort Lee	NJ
United Orient Bank United Orient Bank Branch	185 Canal Street	New York City	NY
TD Bank, National Association Montville Nj Branch	159 Changebridge Road	Montville	NJ
TrustCo Bank Bronxville Branch	5-7 Park Place	Bronxville	NY
Amerasia Bank 86-26 Broadway Branch	86-26 Broadway	Elmhurst	NY
Ascendia Bank Glen Rock Savings Bank Branch	25 W Northfield Rd	Livingston	NJ
Hanmi Bank Edison Branch	1031 Us Hwy 1 South	Edison	NJ
Dime Community Bank 52nd Street Manhattan Branch	12 East 52nd Street	New York	NY
Global Bank Global Bank Branch	8 Catherine Street	New York	NY
Provident Bank Metuchen Branch	599 Middlesex Avenue	Metuchen	NJ
Alma Bank Clifton Branch	1133 Main Avenue	Clifton	NJ
Haven Savings Bank Summit Br Branch	385 Springfield Avenue	Summit	NJ
Metropolitan Commercial Bank Boro Park Branch	5101 13th Ave	Brooklyn	NY
Hanmi Bank Edison Branch	1031 Us Hwy 1 South	Edison	NJ
PCSB Bank Mount Vernon Br Branch	40 East First Street	Mount Vernon	NY
Carver Federal Savings Bank Atlantic Terminal Branch	4 Hanson Place	Brooklyn	NY
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	5714 8th Avenue (At 57th Street)	Brooklyn	NY
Industrial and Commercial Bank of China USA, National Association Brooklyn Branch	5714 8th Avenue (At 57th Street)	Brooklyn	NY
The Berkshire Bank Teaneck Branch	517 Cedar Lane	Teaneck	NJ
Metro City Bank Bayside Branch	212-45 Northern Boulevard	Bayside	NY
Bank of Hope Bank Of Hope Branch	211 Broad Avenue	Palisades Park	NJ
Cathay Bank Brooklyn Branch	5402 Eighth Avenue	Brooklyn	NY
Crown Bank Cranford Branch	2 North Union Avenue	Cranford	NJ
Hana Bank USA, National Association Keb Hana Bank Usa, National Association Branch	136 Broad Avenue	Palisades Park	NJ
Shinhan Bank America Palisades Park Branch	101 Broad Avenue	Palisades Park	NJ
Lusitania Savings Bank Liberty Avenue Branch	1135 Liberty Avenue	Hillside	NJ
Webster Bank, National Association Yonkers Branch	760 Mclean Ave	Yonkers	NY
Freedom Bank Freedom Bank Branch	99 West Essex Street	Maywood	NJ
BankUnited, National Association Borough Park Brooklyn Branch	1333 60th Street	Brooklyn	NY
East West Bank Brooklyn 8th Avenue Branch	5801 8th Avenue	Brooklyn	NY
KeyBank National Association North Middletown Road Branch	93 North Middletown Road	Pearl River	NY
PNC Bank, National Association North Edison Branch	1085 Inman Avenue	Edison	NJ
Bank of America, National Association North Point Branch (Frgn)	179 Kings Road	North Point

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PRODUCT INFORMATION

18 Month CDs - Branch Banks 2025

Banks offer a range of Certificates of Deposit (CD) with 18 month CDs being a popular term. An eighteen month CD obligates the holder to keep their money in the bank for eighteen months in return for a fixed rate of interest during that time period. All eighteen month bank CDs shown on BestCashCow are FDIC insured.

Eighteen month CDs can be opened in almost any bank branch as the are a mainstay of bank deposit products.

The advantages of an eighteen month CD are:

A slightly higher rate than 12 month CDs in return for leaving the money in the bank longer.
A fixed rate during the 18 month period.
FDIC insurance.
Convenience of opening and managing the CD at a local branch.

The disadvantages of an eighteen month branch CDs are:

Rates are generally lower than on the top online savings and CD accounts.
Money is tied up for 18 months. Removing it early results in significant penalties.
Opening in a branch requires a personal visit.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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CD Rates – 18-Month – New York City, New York

Branches Info around zip 10116

PRODUCT INFORMATION

18 Month CDs - Branch Banks 2025

The advantages of an eighteen month CD are:

The disadvantages of an eighteen month branch CDs are:

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