You are viewing local cd rates around: New York, NY 10007


One Year CD Rates

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, NY - February 10, 2016

1 Year CD National Average : 0.37% ?

Bank APY MIN MILES ?
Sterling National Bank 1.11% $2,500 0.17 Learn MoreShow Less
The Berkshire Bank 1.10% $10,000 0.75 Learn MoreShow Less
Quontic Bank 1.01% $1,000 5.44 Learn MoreShow Less
Savoy Bank 1.00% $2,000 3.57 Learn MoreShow Less
Eastbank, National Association 0.95% $2,500 0.49 Learn MoreShow Less
Hsbc Bank Usa, National Association 0.90% $1,000 1.65 Learn MoreShow Less
Hsbc Bank Usa, National Association 0.90% $1,000 0.07 Learn MoreShow Less
Connectone Bank 0.85% $500 4.88 Learn MoreShow Less
Connectone Bank 0.85% $500 3.68 Learn MoreShow Less
Bbcn Bank 0.80% $1,000 2.52 Learn MoreShow Less
Shinhan Bank America 0.80% $1,000 2.50 Learn MoreShow Less
First Central Savings Bank 0.80% $500 5.04 Learn MoreShow Less
Bnb Hana Bank, National Association 0.80% $500 2.49 Learn MoreShow Less
Wilshire Bank 0.80% $1,000 2.52 Learn MoreShow Less
Apple Bank For Savings 0.75% $1,000 0.15 Learn MoreShow Less
Country Bank 0.75% $1,000 3.03 Learn MoreShow Less
Israel Discount Bank Of New York 0.75% $50,000 3.06 Learn MoreShow Less
Bank Leumi Usa 0.70% $10,000 3.28 Learn MoreShow Less
Emigrant Bank 0.70% $1,000 3.02 Learn MoreShow Less
Indus American Bank 0.65% $2,000 3.35 Learn MoreShow Less
First American International Bank 0.65% $500 0.56 Learn MoreShow Less
Cathay Bank 0.60% $100,000 0.48 Learn MoreShow Less
Banco Popular North America 0.60% $10,000 1.09 Learn MoreShow Less
Amerasia Bank 0.56% $2,500 7.03 Learn MoreShow Less
Spring Bank 0.55% $1 6.53 Learn MoreShow Less
United Orient Bank 0.55% $500 0.50 Learn MoreShow Less
Modern Bank, National Association 0.55% $100,000 3.69 Learn MoreShow Less
Global Bank 0.55% $1,000 0.57 Learn MoreShow Less
Ponce De Leon Federal Bank 0.50% $1,000 4.34 Learn MoreShow Less
Oritani Bank 0.50% $1,000 3.12 Learn MoreShow Less
Crown Bank 0.50% $1,000 4.53 Learn MoreShow Less
Modern Bank, National Association 0.50% $10,000 3.69 Learn MoreShow Less
Cathay Bank 0.50% $2,500 0.48 Learn MoreShow Less
Alma Bank 0.50% $2,500 4.87 Learn MoreShow Less
Manufacturers And Traders Trust Company 0.50% $500 2.20 Learn MoreShow Less
Ponce De Leon Federal Bank 0.50% $1,000 1.94 Learn MoreShow Less
Bcb Community Bank 0.45% $500 1.63 Learn MoreShow Less
Abacus Federal Savings Bank 0.45% $1,000 0.28 Learn MoreShow Less
Ridgewood Savings Bank 0.45% $500 2.12 Learn MoreShow Less
East West Bank 0.45% $99,000 0.44 Learn MoreShow Less
Northeast Community Bank 0.45% $1,000 2.13 Learn MoreShow Less
Kearny Bank 0.45% $500 3.77 Learn MoreShow Less
Valley National Bank 0.40% $500 1.84 Learn MoreShow Less
New York Community Bank 0.40% $500 5.69 Learn MoreShow Less
Empire State Bank 0.40% $1,000 6.50 Learn MoreShow Less
Amalgamated Bank 0.40% $500 0.63 Learn MoreShow Less
Israel Discount Bank Of New York 0.40% $100,000 3.06 Learn MoreShow Less
Industrial And Commercial Bank Of China (usa), National Association 0.40% $100,000 0.49 Learn MoreShow Less
Ctbc Bank Corp. (usa) 0.40% $100,000 3.36 Learn MoreShow Less
Valley National Bank 0.40% $500 0.27 Learn MoreShow Less
New York Community Bank 0.40% $500 2.68 Learn MoreShow Less
Israel Discount Bank Of New York 0.35% $10,000 3.06 Learn MoreShow Less
People's United Bank, National Association 0.35% $2,500 1.87 Learn MoreShow Less
Bank Of The Ozarks 0.30% $1,000 3.21 Learn MoreShow Less
New York Commercial Bank 0.30% $500 0.38 Learn MoreShow Less
New York Community Bank 0.30% $500 2.68 Learn MoreShow Less
Industrial And Commercial Bank Of China (usa), National Association 0.30% $2,500 0.49 Learn MoreShow Less
East West Bank 0.30% $10,000 0.44 Learn MoreShow Less
Gibraltar Private Bank & Trust Co. 0.30% $1,000 3.34 Learn MoreShow Less
Investors Bank 0.25% $500 1.81 Learn MoreShow Less
Carver Federal Savings Bank 0.25% $2,500 2.58 Learn MoreShow Less
Mercantil Commercebank, National Association 0.25% $10,000 3.47 Learn MoreShow Less
City National Bank Of New Jersey 0.25% $500 6.73 Learn MoreShow Less
Sussexbank 0.25% $1,000 6.04 Learn MoreShow Less
Ctbc Bank Corp. (usa) 0.25% $1,500 3.36 Learn MoreShow Less
The Suffolk County National Bank Of Riverhead 0.25% $1,000 4.26 Learn MoreShow Less
Pnc Bank, National Association 0.22% $100,000 1.89 Learn MoreShow Less
Td Bank, National Association 0.20% $250 1.93 Learn MoreShow Less
Santander Bank, N.a. 0.20% $500 0.19 Learn MoreShow Less
Northfield Bank 0.20% $2,500 5.47 Learn MoreShow Less
Td Bank, National Association 0.20% $250 0.09 Learn MoreShow Less
The Bridgehampton National Bank 0.20% $2,500 3.50 Learn MoreShow Less
Pnc Bank, National Association 0.18% $10,000 1.89 Learn MoreShow Less
Capital One, National Association 0.15% $1,000 2.13 Learn MoreShow Less
Banco Popular North America 0.15% $10,000 3.30 Learn MoreShow Less
Chinatown Federal Savings Bank 0.15% $500 0.54 Learn MoreShow Less
Citibank, National Association 0.15% $10,000 0.12 Learn MoreShow Less
Astoria Bank 0.15% $100,000 2.49 Learn MoreShow Less
Capital One, National Association 0.15% $1,000 0.06 Learn MoreShow Less
Santander Bank, N.a. 0.10% $10,000 1.69 Learn MoreShow Less
The Provident Bank 0.10% $500 1.63 Learn MoreShow Less
Astoria Bank 0.10% $500 2.49 Learn MoreShow Less
Santander Bank, N.a. 0.10% $10,000 0.19 Learn MoreShow Less
Manufacturers And Traders Trust Company 0.10% $1,000 2.20 Learn MoreShow Less
Keybank National Association 0.10% $10,000 2.02 Learn MoreShow Less
City National Bank 0.10% $2,500 3.18 Learn MoreShow Less
Bank Of America, National Association 0.07% $10,000 1.60 Learn MoreShow Less
Bank Of America, National Association 0.07% $10,000 0.08 Learn MoreShow Less
Wells Fargo Bank, National Association 0.05% $10,000 1.43 Learn MoreShow Less
Bank Of America, National Association 0.05% $10,000 1.60 Learn MoreShow Less
Bank Of America, National Association 0.05% $10,000 0.08 Learn MoreShow Less
Wells Fargo Bank, National Association 0.05% $10,000 0.55 Learn MoreShow Less
Manufacturers And Traders Trust Company 0.05% $1,000 2.20 Learn MoreShow Less
Jpmorgan Chase Bank, National Association 0.01% $10,000 1.48 Learn MoreShow Less
Hsbc Bank Usa, National Association 0.01% $1,000 1.65 Learn MoreShow Less
Jpmorgan Chase Bank, National Association 0.01% $10,000 0.06 Learn MoreShow Less
Hsbc Bank Usa, National Association 0.01% $1,000 0.07 Learn MoreShow Less

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

  • mike

    February 07, 2016

    Why can banks 100 miles away offer rates 5 to 6 time higher on a one year CD , seems banks and or there management in this area simply refuse to be competitive and show no respect for the people , neighbors and area they live and work in.

  • Braun

    December 30, 2015

    @Brian. Click the tabs at the top. You can choose the rate term you want.

  • Brian

    December 30, 2015

    Where are the 60 month CD rates?

  • won't say

    November 05, 2015

    where are the local banks?

  • Stephen C

    August 06, 2015

    It would be nice if you would include an option for all terms e.g., up to 10 years. Also it would help if you could select all banks and credit unions. It has been my experience that some bank and CU's will change their policy of being regional to national.

  • David H. 7/10/15

    July 10, 2015

    Union Savings Bank doesn't have a one year cd for 1.15%

  • Alan Platt

    November 24, 2014

    So stupid that you cannot vote "yes". The only thing that registers is "no".

  • Darren

    September 16, 2014

    Union County Savings Bank in Cranford is offering a 1.3% Jumbo CD Rate for 1 year.

  • Alan Platt

    August 25, 2014

    Why did you stop listing information about DORAL BANK?

  • Allen

    April 11, 2014

    Rate is wrong on "Investar Bank 0.75% $1,000 0.92 +Learn More"

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Certificates of Deposit - Branch Banks

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.

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.

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, you 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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