Image Courtesy: pixabay.com
Image Courtesy: pixabay.com
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 ? | |
|---|---|---|---|---|
|
4.37% |
$1,000 |
3.88 |
Learn More
|
|
|
Rate History: 5.41% → 5.15% → 5.04% → 4.58% → 4.37% |
||||
|
4.05% |
$500 |
12.84 |
Learn More
|
|
|
Rate History: 4.30% → 0.15% → 4.75% → 4.05% |
||||
|
4.00% |
$0 |
19.50 |
Learn More
|
|
|
Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00% |
||||
|
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 |
||||
|
4.00% |
$500 |
18.52 |
Learn More
|
|
|
SadSack | Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More |
||||
|
4.00% |
$500 |
20.31 |
Learn More
|
|
|
Rate History: 4.50% → 4.25% → 4.00% |
||||
|
Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
||||
|
4.00% |
$1,000 |
11.15 |
Learn More
|
|
|
Rate History: 4.50% → 4.45% → 4.20% → 4.25% → 4.00% |
||||
|
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 |
||||
|
4.00% |
$500 |
5.05 |
Learn More
|
|
|
4.00% |
$2,500 |
0.53 |
Learn More
|
|
|
Rate History: 4.75% → 4.50% → 4.00% |
||||
|
4.00% |
$500 |
9.70 |
Learn More
|
|
|
Rate History: 5.00% → 4.70% → 4.20% → 4.25% → 4.00% |
||||
|
4.00% |
$250 |
6.63 |
Learn More
|
|
|
Rate History: 5.00% → 4.50% → 4.00% → 4.25% → 4.00% |
||||
|
3.95% |
$1,000 |
4.48 |
Learn More
|
|
|
Rate History: 4.25% → 3.95% |
||||
|
3.90% |
$1,000 |
20.95 |
Learn More
|
|
|
Rate History: 4.40% → 4.30% → 4.10% → 4.00% → 3.90% |
||||
|
john | 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 |
||||
|
3.87% |
$500 |
5.73 |
Learn More
|
|
|
Rate History: 4.66% → 3.61% → 3.87% → 3.77% → 3.87% |
||||
|
john | Apr 29, 2020 I called this banl there is no this rate Read More |
||||
|
3.85% |
$100 |
6.27 |
Learn More
|
|
|
Rate History: 4.25% → 4.30% → 4.25% → 3.85% |
||||
|
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 |
||||
|
3.85% |
$500 |
17.94 |
Learn More
|
|
|
Rate History: 4.50% → 5.00% → 4.50% → 4.25% → 3.85% |
||||
|
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 |
||||
|
3.79% 0.30% |
$250,000 $1,000 |
9.21 |
Learn More
|
|
|
Rate History: 4.70% → 4.65% → 4.50% → 4.20% → 3.79% |
||||
|
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 |
||||
|
3.75% |
$500 |
18.16 |
Learn More
|
|
|
Rate History: 4.00% → 3.95% → 3.90% → 3.85% → 3.75% |
||||
|
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 |
||||
|
3.75% |
$1,000 |
17.37 |
Learn More
|
|
|
Rate History: 4.00% → 5.00% → 4.75% → 4.30% → 3.75% |
||||
|
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 |
||||
|
3.75% |
$1,000 |
5.54 |
Learn More
|
|
|
Rate History: 4.50% → 4.25% → 3.85% → 4.00% → 3.75% |
||||
|
Fred Theobald | 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 |
||||
|
3.75% |
$1,000 |
23.39 |
Learn More
|
|
|
Rate History: 4.00% → 4.50% → 4.00% → 3.75% |
||||
|
3.70% |
$500 |
11.95 |
Learn More
|
|
|
Rate History: 2.00% → 5.40% → 3.70% |
||||
|
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 |
||||
|
3.65% |
$500 |
8.71 |
Learn More
|
|
|
Rate History: 3.82% → 4.25% → 1.46% → 3.70% → 3.65% |
||||
|
3.65% |
$1,500 |
2.29 |
Learn More
|
|
|
Rate History: 4.00% → 3.00% → 3.65% |
||||
|
3.51% 0.05% |
$10,000 $10,001 |
22.71 |
Learn More
|
|
|
Rate History: 4.00% → 4.50% → 4.00% → 3.75% → 3.51% |
||||
|
Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
||||
|
3.50% |
$501 |
20.31 |
Learn More
|
|
|
Rate History: 4.25% → 4.00% → 3.75% → 3.50% |
||||
|
Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
||||
|
3.50% |
$1,000 |
5.84 |
Learn More
|
|
|
Rate History: 4.80% → 3.00% → 3.25% → 3.75% → 3.50% |
||||
|
3.50% |
$1,000 |
12.56 |
Learn More
|
|
|
Rate History: 4.00% → 3.50% |
||||
|
3.50% |
$500 |
0.13 |
Learn More
|
|
|
Rate History: 4.50% → 5.00% → 4.75% → 4.45% → 3.50% |
||||
|
3.50% |
$500 |
3.26 |
Learn More
|
|
|
Rate History: 3.70% → 3.80% → 4.05% → 4.00% → 3.50% |
||||
|
3.50% 0.40% |
$5,000 $4,999 |
3.21 |
Learn More
|
|
|
3.50% |
$5,000 |
20.36 |
Learn More
|
|
|
Rate History: 4.50% → 4.25% → 4.00% → 4.35% → 3.50% |
||||
|
Dana E. | Mar 20, 2016 Good solid bank. Read More |
||||
|
3.35% |
$1,000 |
18.57 |
Learn More
|
|
|
Rate History: 3.75% → 4.50% → 4.00% → 3.50% → 3.35% |
||||
|
Claire blankinship | 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 |
||||
|
3.25% |
$500 |
5.48 |
Learn More
|
|
|
Warning: Early Withdrawal Penalty equals one year of interest. |
||||
|
JuanVelasco | 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 |
||||
|
3.25% |
$100,000 |
15.78 |
Learn More
|
|
|
Rate History: 3.75% → 4.25% → 3.75% → 3.51% → 3.25% |
||||
|
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 |
||||
|
3.00% |
$0 |
18.94 |
Learn More
|
|
|
Rate History: 2.75% → 2.00% → 4.00% → 2.50% → 3.00% |
||||
|
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 |
||||
|
3.00% |
$1,500 |
19.90 |
Learn More
|
|
|
Rate History: 1.20% → 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 |
||||
|
2.75% |
$0 |
3.94 |
Learn More
|
|
|
Richard | Jul 1, 2022 Very easy opening process and wonderful staff. Read More |
||||
|
2.50% |
$500 |
23.67 |
Learn More
|
|
|
Rate History: 4.05% → 2.50% |
||||
|
2.48% |
$10,000 |
3.29 |
Learn More
|
|
|
Rate History: 3.04% → 2.48% |
||||
|
2.25% |
$500 |
23.69 |
Learn More
|
|
|
2.00% |
$10,000 |
16.89 |
Learn More
|
|
|
Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00% |
||||
|
Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
||||
|
2.00% |
$25,000 |
15.69 |
Learn More
|
|
|
Rate History: 2.00% → 1.50% → 3.25% → 2.00% |
||||
|
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 |
||||
|
1.26% |
$1,000 |
9.50 |
Learn More
|
|
|
1.25% |
$0 |
19.16 |
Learn More
|
|
|
Rate History: 1.25% → 2.00% → 1.25% |
||||
|
1.00% |
$500 |
0.52 |
Learn More
|
|
|
0.70% |
$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 |
||||
|
0.65% |
$100,000 |
23.14 |
Learn More
|
|
|
0.65% |
$10,000 |
0.51 |
Learn More
|
|
|
0.60% |
$10,000 |
18.67 |
Learn More
|
|
|
0.60% |
$10,000 |
3.60 |
Learn More
|
|
|
0.56% |
$10,000 |
7.00 |
Learn More
|
|
|
Chang | Aug 19, 2021 Best Service! Read More |
||||
|
0.55% |
$1,000 |
0.15 |
Learn More
|
|
|
0.50% |
$1,000 |
2.25 |
Learn More
|
|
|
0.50% |
$1,000 |
23.39 |
Learn More
|
|
|
0.50% |
$10,000 |
17.45 |
Learn More
|
|
|
0.50% |
$10,000 |
13.24 |
Learn More
|
|
|
0.50% |
$10,000 |
23.14 |
Learn More
|
|
|
0.50% |
$10,000 |
5.50 |
Learn More
|
|
|
0.45% |
$10,000 |
16.47 |
Learn More
|
|
|
0.40% |
$10,000 |
12.24 |
Learn More
|
|
|
0.40% |
$10,000 |
2.43 |
Learn More
|
|
|
0.40% |
$100,000 |
5.23 |
Learn More
|
|
|
0.35% |
$1,000 |
12.26 |
Learn More
|
|
|
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 |
||||
|
0.30% |
$50,000 |
5.11 |
Learn More
|
|
|
0.30% |
$10,000 |
5.23 |
Learn More
|
|
|
0.25% |
$10,000 |
16.27 |
Learn More
|
|
|
0.25% |
$10,000 |
20.54 |
Learn More
|
|
|
CF | Jul 11, 2020 A great bank. Rates are competitive and they have outstanding customer service. Read More |
||||
|
0.24% |
$10,000 |
20.26 |
Learn More
|
|
|
ngeeung | 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 |
Learn More
|
|
|
0.20% |
$10,000 |
12.30 |
Learn More
|
|
|
0.20% |
$10,000 |
15.23 |
Learn More
|
|
|
0.10% |
$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 |
||||
|
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 |
||||
|
0.07% |
$100,000 |
3.69 |
Learn More
|
|
|
0.05% |
$2,500 |
24.17 |
Learn More
|
|
|
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 |
||||
|
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 |
||||
BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
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.
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.
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.
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.
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.
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.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
Use or Change these Amounts And Rates