New York

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One-Year CD Rates – New York City, New York

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

 

Below are the best one-year CD Rates from banks with branches within 20 miles of the zip code listed above. One-year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One-year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

New York City, NY - July 2, 2025

1 Year CD National Average : 0.55% ?

Banks APY MIN MILES ?

Rate History: 5.41% → 5.15% → 5.04% → 4.58% → 4.37%

Rate History: 4.30% → 0.15% → 4.75% → 4.05%

Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00%

| 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

| Dec 2, 2022

No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More

Rate History: 4.50% → 4.25% → 4.00%

| May 11, 2023

They made mistakes twice and would not correct them Read More

Rate History: 4.50% → 4.45% → 4.20% → 4.25% → 4.00%

| 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

Rate History: 4.75% → 4.50% → 4.00%

Rate History: 5.00% → 4.70% → 4.20% → 4.25% → 4.00%

Rate History: 5.00% → 4.50% → 4.00% → 4.25% → 4.00%

Rate History: 4.25% → 3.95%

Rate History: 4.40% → 4.30% → 4.10% → 4.00% → 3.90%

| Apr 14, 2020

I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year Read More

Rate History: 4.66% → 3.61% → 3.87% → 3.77% → 3.87%

| Apr 29, 2020

I called this banl there is no this rate Read More

Rate History: 4.25% → 4.30% → 4.25% → 3.85%

| 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

Rate History: 4.50% → 5.00% → 4.50% → 4.25% → 3.85%

| 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

Rate History: 4.70% → 4.65% → 4.50% → 4.20% → 3.79%

| 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

Rate History: 4.00% → 3.95% → 3.90% → 3.85% → 3.75%

| 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

Rate History: 4.00% → 5.00% → 4.75% → 4.30% → 3.75%

| 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

Rate History: 4.50% → 4.25% → 3.85% → 4.00% → 3.75%

| Jun 15, 2017

Just a great group of people to interact with at the Mineola branch. Been working with them for years. Everybody at all of the branches has always been a pleasure. Read More

Rate History: 4.00% → 4.50% → 4.00% → 3.75%

Rate History: 2.00% → 5.40% → 3.70%

| 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

Rate History: 3.82% → 4.25% → 1.46% → 3.70% → 3.65%

Rate History: 4.00% → 3.00% → 3.65%

Rate History: 4.00% → 4.50% → 4.00% → 3.75% → 3.51%

| May 19, 2018

Experience Read More

Rate History: 4.25% → 4.00% → 3.75% → 3.50%

| May 11, 2023

They made mistakes twice and would not correct them Read More

Rate History: 4.80% → 3.00% → 3.25% → 3.75% → 3.50%

Rate History: 4.00% → 3.50%

Rate History: 4.50% → 5.00% → 4.75% → 4.45% → 3.50%

Rate History: 3.70% → 3.80% → 4.05% → 4.00% → 3.50%

Rate History: 4.50% → 4.25% → 4.00% → 4.35% → 3.50%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 3.75% → 4.50% → 4.00% → 3.50% → 3.35%

| Aug 5, 2020

I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience. Read More

Warning: Early Withdrawal Penalty equals one year of interest.
Rate History: 5.30% → 4.50% → 4.00% → 3.25%

| Mar 17, 2023

STAY AWAY ! They closed my accounts with no warning. After multiple successful direct deposits and mobile checks deposits, they claimed one of the three checks I deposited a few days ago was fake. No... Read More

Rate History: 3.75% → 4.25% → 3.75% → 3.51% → 3.25%

| 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

Rate History: 2.75% → 2.00% → 4.00% → 2.50% → 3.00%

| 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

Rate History: 1.20% → 3.00%

| 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

| Jul 1, 2022

Very easy opening process and wonderful staff. Read More

Rate History: 4.05% → 2.50%

Rate History: 3.04% → 2.48%

Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

Rate History: 2.00% → 1.50% → 3.25% → 2.00%

| 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

Rate History: 1.25% → 2.00% → 1.25%

| 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

0.65%

$100,000

23.14

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0.65%

$10,000

0.51

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0.60%

$10,000

18.67

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0.60%

$10,000

3.60

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| Aug 19, 2021

Best Service! Read More

0.55%

$1,000

0.15

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0.50%

$1,000

2.25

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0.50%

$10,000

17.45

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0.50%

$10,000

13.24

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0.50%

$10,000

23.14

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0.50%

$10,000

5.50

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0.45%

$10,000

16.47

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0.40%

$10,000

12.24

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0.40%

$10,000

2.43

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0.40%

$100,000

5.23

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| 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

0.30%

$10,000

5.23

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0.25%

$10,000

16.27

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| Jul 11, 2020

A great bank. Rates are competitive and they have outstanding customer service. Read More

| May 10, 2021

NVE Bank can change the amount of my deposit later days. Without my permission they can change and do whatever they like. On 4/17/2021 I deposit $ 9000.00. Two days later he call me asked me a questio... Read More

0.20%

$10,000

9.16

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0.20%

$10,000

12.30

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0.20%

$10,000

15.23

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| 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

| 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

0.07%

$100,000

3.69

Learn More

| 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

| 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

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
State Bank of India
State Bank Of India Branch
460 Park Avenue New York NY
Freedom Bank
Freedom Bank Branch
99 West Essex Street Maywood NJ
Capital One, National Association
Livingston Circle Branch
623 West Mount Pleasant Ave Livingston NJ
Valley National Bank
Mountainside Branch
882 Mountain Avenue Mountainside NJ
Santander Bank, N.A.
East Hanover Branch
434 Ridgedale Avenue East Hanover NJ
Empire State Bank
Railroad Avenue Branch
1361 N. Railroad Avenue Staten Island NY
First Central Savings Bank
First Central Savings Bank Branch
45-08 46th Street Sunnyside NY
Eastbank, National Association
Eastbank, National Association Branch
183 Centre Street New York NY
New Millennium Bank
Fort Lee Branch
1620 Lemoine Avenue Fort Lee NJ
Spring Bank
Harlem Branch - Frederick Douglas Blvd
301 W. 111th Street New York NY
Ponce Bank
Bergenline Ave. Branch
3821 Bergenline Ave Union City NJ
HSBC Bank USA, National Association
North Edison Branch
33 Route 27 Edison NJ
GSL Savings Bank
Gsl Savings Bank Branch
6823 Bergenline Ave Guttenberg NJ
Ridgewood Savings Bank
Bay Ridge Branch
8522 Third Avenue Brooklyn NY
Hanover Community Bank
Hanover Community Bank Branch
2131 Jericho Turnpike Garden City Park NY
Bank of Hope
Bank Of Hope Branch
211 Broad Avenue Palisades Park NJ
TrustCo Bank
Bronxville Branch
5-7 Park Place Bronxville NY
Spencer Savings Bank, SLA
Garwood Branch
325 North Avenue Garwood NJ
Flushing Bank
7102 3rd Avenue Branch
7102 3rd Avenue Brooklyn NY
Blue Foundry Bank
Montville Branch
448 Main Road Towaco NJ
Cross River Bank
Cross River Bank Branch
885 Teaneck Road Teaneck NJ
Amalgamated Bank
Lyndhurst Branch
734 Ridge Road Lyndhurst NJ
Maspeth Federal Savings and Loan Association
101-09 Metropolitan Ave Branch
101-09 Metropolitan Ave New York City NY
TD Bank, National Association
Montville Nj Branch
159 Changebridge Road Montville NJ
Santander Bank, N.A.
East Hanover Branch
434 Ridgedale Avenue East Hanover NJ
BankUnited, National Association
Borough Park Brooklyn Branch
1333 60th Street Brooklyn NY
Apple Bank
Staten Island Branch
2655 Richmond Avenue, Suite 2005 Staten Island NY
The First National Bank of Long Island
225 Broadway Branch
225 Broadway New York NY
Cross County Savings Bank
Kings Branch
731 Metropolitan Ave. Brooklyn NY
CTBC Bank Corp. (USA)
Brooklyn Branch
54-18 8th Avenue Brooklyn NY
Citizens
Yonkers Branch
2371 Central Park Avenue Yonkers NY
Manufacturers and Traders Trust Company
Summit Branch
341 Springfield Avenue Summit NJ
Quontic Bank
Quontic Bank Branch
31-05 Broadway Astoria NY
Bank of America, National Association
North Point Branch (Frgn)
179 Kings Road North Point
Citibank, National Association
Private Bank Branch - Short Hill
101 John F Kennedy Parkway, 4th Floor Short Hills NJ
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
City National Bank
6th Avenue Branch
1140 6th Avenue New York NY
Sunnyside Federal Savings and Loan Association of Irvington
Sunnyside Federal Savings And Loan A Branch
56 Main St Irvington NY
JPMorgan Chase Bank, National Association
Oakes Field Center Branch (Frgn)
Russell Road And Thompson Nassau
Wells Fargo Bank, National Association
Nassau Branch (Frgn)
Imperial Bank Building Nassau
PCB Bank
Fort Lee Office Branch
1550 Lemoine Avenue Fort Lee NJ
Northfield Bank
Westfield Branch
828 South Avenue W Westfield NJ
United Orient Bank
United Orient Bank Branch
185 Canal Street New York City NY
Shinhan Bank America
Palisades Park Branch
101 Broad Avenue Palisades Park NJ
Hanmi Bank
Edison Branch
1031 Us Hwy 1 South Edison NJ
Global Bank
Global Bank Branch
8 Catherine Street New York NY
Haven Savings Bank
Summit Br Branch
385 Springfield Avenue Summit NJ
Dime Community Bank
52nd Street Manhattan Branch
12 East 52nd Street New York NY
Amerasia Bank
86-26 Broadway Branch
86-26 Broadway Elmhurst NY
Abacus Federal Savings Bank
World Trade Center Branch
116 Nassau Street New York NY
NorthEast Community Bank
West 23rd Branch
242 West 23rd Street New York City NY
Blue Foundry Bank
Montville Branch
448 Main Road Towaco NJ
Ascendia Bank
Glen Rock Savings Bank Branch
25 W Northfield Rd Livingston NJ
Alma Bank
Clifton Branch
1133 Main Avenue Clifton NJ
Hanmi Bank
Edison Branch
1031 Us Hwy 1 South Edison NJ
Metropolitan Commercial Bank
Boro Park Branch
5101 13th Ave Brooklyn NY
PCSB Bank
Mount Vernon Br Branch
40 East First Street Mount Vernon NY
CTBC Bank Corp. (USA)
Brooklyn Branch
54-18 8th Avenue Brooklyn NY
The Berkshire Bank
Teaneck Branch
517 Cedar Lane Teaneck NJ
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
Bogota Savings Bank
Classic Residence Branch
655 Pomander Walk 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
Industrial and Commercial Bank of China USA, National Association
Brooklyn Branch
5714 8th Avenue (At 57th Street) Brooklyn NY
Crown Bank
Cranford Branch
2 North Union Avenue Cranford NJ
Unity Bank
Edison Branch
1746 Oak Tree Road Edison NJ
NVE Bank
Hillsdale Branch
159 Broadway Hillsdale NJ
Hana Bank USA, National Association
Keb Hana Bank Usa, National Association Branch
136 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
Provident Bank
Metuchen Branch
599 Middlesex Avenue Metuchen NJ
East West Bank
Brooklyn 8th Avenue Branch
5801 8th Avenue Brooklyn NY
Alpine Capital Bank
Alpine Capital Bank Branch
680 Fifth Avenue, 7th Floor New York NY
KeyBank National Association
North Middletown Road Branch
93 North Middletown Road Pearl River NY
TD Bank, National Association
Montville Nj Branch
159 Changebridge Road Montville NJ
PNC Bank, National Association
North Edison Branch
1085 Inman Avenue Edison NJ


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2025

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

  • The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
  • One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

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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