You are viewing fixed rate ira rates around: New York, NY 10007

IRA CD Rates

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

New York, NY - May 4, 2016

BANKS APY Term MIN MILES ?
Manufacturers and Traders Trust Company 2.02% 60 $1,000 2.20
BCB Community Bank 2.00% 42 $500 1.63
Country Bank 2.00% 60 $1,000 3.03
Banco Popular North America 1.90% 60 $500 1.09
Northfield Bank 1.75% 60 $500 5.47
Santander Bank, N.A. 1.70% 60 $500 1.69
Banco Popular North America 1.50% 48 $500 3.30
Banco Popular North America 1.50% 48 $500 1.09
Ridgewood Savings Bank 1.50% 30 $500 2.12
Banco Popular North America 1.40% 36 $500 1.09
Manufacturers and Traders Trust Company 1.31% 60 $1 2.20
First American International Bank 1.30% 26 $100,000 0.56
Empire State Bank 1.30% 18 $1,000 6.50
The Berkshire Bank 1.30% 36 $10,000 0.75
The Berkshire Bank 1.25% 24 $10,000 0.75
First American International Bank 1.25% 26 $500 0.56
Northfield Bank 1.25% 36 $500 5.47
Country Bank 1.25% 20 $1,000 3.03
Crown Bank 1.20% 20 $1,000 4.53
Manufacturers and Traders Trust Company 1.16% 60 $1 2.20
Oritani Bank 1.15% 16 $1,000 3.12
Northfield Bank 1.15% 18 $500 5.47
The Berkshire Bank 1.15% 18 $10,000 0.75
Manufacturers and Traders Trust Company 1.11% - $1 2.20
Sterling National Bank 1.11% - $2,500 0.17
Amalgamated Bank 1.10% 18 $500 0.63
First American International Bank 1.10% 15 $100,000 0.56
First American International Bank 1.05% 15 $500 0.56
New York Community Bank 1.01% 18 $2,500 5.69
Quontic Bank 1.01% - $1,000 5.44
Banco Popular North America 1.00% 19 $500 3.30
Oritani Bank 1.00% 9 $1,000 3.12
Savoy Bank 1.00% - $2,000 3.57
Banco Popular North America 1.00% 19 $500 1.09
Eastbank, National Association 0.95% - $500 0.49
Oritani Bank 0.90% 5 $1,000 3.12
Manufacturers and Traders Trust Company 0.90% 60 $1,000 2.20
Spring Bank 0.90% 15 $250 6.53
Country Bank 0.88% 8 $1,000 3.03
ConnectOne Bank 0.85% - $500 4.88
ConnectOne Bank 0.85% - $500 3.68
CTBC Bank Corp. (USA) 0.85% 11 $5,000 3.36
First American International Bank 0.85% 9 $100,000 0.56
ConnectOne Bank 0.80% 10 $500 4.88
Banco Popular North America 0.80% 11 $500 3.30
Amalgamated Bank 0.80% 7 $500 0.63
ConnectOne Bank 0.80% 10 $500 3.68
Banco Popular North America 0.80% 11 $500 1.09
BBCN Bank 0.80% - $5,000 2.52
First Central Savings Bank 0.80% - $500 5.04
First American International Bank 0.80% 9 $500 0.56
Ponce De Leon Federal Bank 0.75% - $1,000 4.34
Country Bank 0.75% - $1,000 3.03
Carver Federal Savings Bank 0.75% - $2,500 2.58
Apple Bank for Savings 0.75% - $1,000 0.15
Ponce De Leon Federal Bank 0.75% - $1,000 1.94
Wilshire Bank 0.75% - $1 2.52
BNB Hana Bank, National Association 0.71% - $500 2.49
New York Community Bank 0.70% 7 $2,500 5.69
Emigrant Bank 0.70% - $1,000 3.02
New York Community Bank 0.70% 7 $2,500 2.68
New York Commercial Bank 0.70% 7 $2,500 0.38
Indus American Bank 0.65% - $2,000 3.35
First American International Bank 0.65% - $500 0.56
CTBC Bank Corp. (USA) 0.65% - $100 3.36
Valley National Bank 0.60% - $250 1.84
Valley National Bank 0.60% - $250 0.27
Banco Popular North America 0.60% - $1 1.09
Amerasia Bank 0.56% - $500 7.03
United Orient Bank 0.55% - $500 0.50
Alma Bank 0.55% - $2,500 4.87
Spring Bank 0.55% - $1 6.53
Oritani Bank 0.50% - $1,000 3.12
Crown Bank 0.50% - $1,000 4.53
Wells Fargo Bank, National Association 0.50% 58 $2,500 1.43
Industrial and Commercial Bank of China (USA), National Association 0.50% - $100 0.49
Amalgamated Bank 0.50% - $500 0.63
Cathay Bank 0.50% - $100 0.48
Wells Fargo Bank, National Association 0.50% 58 $2,500 0.55
The Berkshire Bank 0.50% - $1,000 0.75
BCB Community Bank 0.45% - $250 1.63
Ridgewood Savings Bank 0.45% - $500 2.12
Kearny Bank 0.45% - $500 3.77
East West Bank 0.45% - $100 0.44
NorthEast Community Bank 0.45% - $250 2.13
New York Community Bank 0.40% - $500 5.69
Empire State Bank 0.40% - $1,000 6.50
New York Community Bank 0.40% - $500 2.68
People's United Bank, National Association 0.35% - $1,000 1.87
Wells Fargo Bank, National Association 0.30% 39 $2,500 1.43
New York Commercial Bank 0.30% - $500 0.38
Gibraltar Private Bank & Trust Co. 0.30% - $1,000 3.34
New York Community Bank 0.30% - $500 2.68
Chinatown Federal Savings Bank 0.30% - $500 0.54
Wells Fargo Bank, National Association 0.30% 39 $2,500 0.55
TD Bank, National Association 0.25% - $250 1.93
City National Bank of New Jersey 0.25% - $500 6.73
TD Bank, National Association 0.25% - $250 0.09
SussexBank 0.25% - $1,000 6.04
MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION 0.25% - $1 3.47
Investors Bank 0.25% - $500 1.81
The Suffolk County National Bank of Riverhead 0.25% - $1,000 4.26
Wells Fargo Bank, National Association 0.20% 26 $2,500 1.43
The Bridgehampton National Bank 0.20% - $2,500 3.50
Northfield Bank 0.20% - $2,500 5.47
Wells Fargo Bank, National Association 0.20% 26 $2,500 0.55
Citibank, National Association 0.20% - $250 0.12
Bank of the Ozarks 0.18% - $1,000 3.21
Wells Fargo Bank, National Association 0.16% 24 $1 1.43
Wells Fargo Bank, National Association 0.16% 24 $1 0.55
Capital One, National Association 0.15% - $1,000 2.13
Banco Popular North America 0.15% - $1 3.30
PNC Bank, National Association 0.15% - $1,000 1.89
Manufacturers and Traders Trust Company 0.15% - $1,000 2.20
KeyBank National Association 0.15% - $1,000 2.02
Capital One, National Association 0.15% - $1,000 0.06
Wells Fargo Bank, National Association 0.10% 9 $2,500 1.43
Santander Bank, N.A. 0.10% - $500 1.69
Manufacturers and Traders Trust Company 0.10% - $1,000 2.20
City National Bank 0.10% - $500 3.18
Astoria Bank 0.10% - $500 2.49
Santander Bank, N.A. 0.10% - $500 0.19
Wells Fargo Bank, National Association 0.10% 9 $2,500 0.55
Bank of America, National Association 0.07% 12 $2,000 1.60
Bank of America, National Association 0.07% 12 $2,000 0.08
Bank of America, National Association 0.05% - $1 1.60
Wells Fargo Bank, National Association 0.05% - $1 1.43
Wells Fargo Bank, National Association 0.05% - $1 0.55
Bank of America, National Association 0.05% - $1 0.08
Bank of America, National Association 0.04% 9 $2,000 1.60
PNC Bank, National Association 0.04% - $1 1.89
Bank of America, National Association 0.04% 9 $2,000 0.08
JPMorgan Chase Bank, National Association 0.01% - $1 1.48
JPMorgan Chase Bank, National Association 0.01% - $1 0.06


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Fixed Rate IRA CDs

Fixed Rate IRA CDs are CDs that are held within an Individual Retirement Account (IRA) or a Roth Retirement Account. In an IRA, the funds are deposited pre-tax and allowed to accumulate tax free. When the individual retires, they are withdrawn and all earnings are taxed at the prevailing tax rate. Because individuals generally have lower incomes upon retirement, the tax rate is lower than what it would have been during their working years.

With a Roth IRA, post-tax funds are deposited into the account and the money is allowed to accumulate and be withdrawn tax free.

If the funds are withdrawn before retirement age 59 1/2, the individual will be required to pay a 10% penalty on top of any taxes owed. There are some exceptions to this rule. Fund can be withdrawn penalty free if they are used to pay for education at an IRA qualifying institution or in the purchase of a house.

Advantages to a FIRA

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Money grows in a tax-advantaged way.

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Funds are FDIC insured, just like a regular CD.

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Interest rates on FIRAs are often higher than the same terms for a CD.

 · 

Some flexibility in withdrawing the money early for first time homebuyers and education expenses.

Disadvantages to a FIRA

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Returns may not be as high as stocks, bonds, mutual funds.

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Funds cannot be withdrawn until 59 1/2 without penalty (except for IRS approved expenses).

 · 

If interest rates rise during the term of the FIRA, money will be stuck in lower yielding account.

Please click here for more information on fixed rate IRA CDs.

  • Gary Ronan

    May 03, 2016

    Your not locked in for 5 years. You can take it out any time but you will lose interest for a specified term. My credit union which holds my Roth IRA will dun me 6 months interest but your not making much anyway.

  • Carolyn Hornyak

    January 18, 2016

    I saw in the Phoenix, Arizona an ad for Sun Cities Financial Group advertising a high yield CD special for 4.40%? Is this legitimate?

    Carolyn

  • JOHN

    January 14, 2016

    MORE USELESS INFO. NO LENGHT OF TERM LISTED. ONLY USEFULL INFO IS NAME OF INSTITUTION SO I CAN PHONE THEM.

  • Chotzey

    December 30, 2015

    To lock in @ 5 years may be risky. When watching MSNBC the other day they were saying rates are to be gradually going up. May be a gamble, but everything is.

  • Ray P

    December 30, 2015

    None of the rates shown can be found at any of the banks. The actual bank rates are almost half of what is shown here.

  • Lori Martin

    January 09, 2015

    Jack:

    ??? Looked up rates at PenFed (we're a member) and they show a 5 yr at 1.76%. The last time it was 3.0 and over (3.04) was in Dec. 2013 (for the 5 & 7 year).

  • Jack Mazer

    January 27, 2014

    Penfed offers a 60 month cd at 3 percent.

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