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 three-month CD Rates from banks with branches within 20 miles of the zip code listed above. Three-month CD rates are generally the shortest term offered by banks and come with the lowest interest rates. You may want to consider opening a 3-month CD if the rates are comparable to a savings and money market account, you don’t need the money for the time period, and you feel that savings rates will drop.
New York City, NY - July 30, 2025
CD National Average : 2.21% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.50% |
$500 |
18.52 |
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SadSack | Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More |
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4.15% |
$500 |
24.25 |
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Rate History: 4.25% → 4.15% |
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James A. Elder | Mar 25, 2020 I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More |
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4.00% |
$1,000 |
5.54 |
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Rate History: 1.00% → 4.25% → 4.00% |
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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 |
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4.00% |
$500 |
17.94 |
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Rate History: 4.75% → 3.50% → 4.00% |
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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 |
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3.85% |
$2,500 |
0.53 |
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Rate History: 4.00% → 3.85% |
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3.82% |
$10,000 |
3.29 |
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Rate History: 5.12% → 4.59% → 4.33% → 4.07% → 3.82% |
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3.75% |
$250 |
6.63 |
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Rate History: 1.00% → 3.75% |
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3.50% |
$500 |
11.95 |
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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 |
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3.25% |
$500 |
3.94 |
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Rate History: 3.25% → 2.00% → 3.25% |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. Read More |
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3.25% |
$500 |
20.31 |
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Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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3.25% |
$500 |
5.05 |
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Rate History: 1.00% → 3.25% |
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2.27% |
$50,000 |
3.44 |
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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 |
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2.25% |
$10,000 |
16.89 |
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Rate History: 2.00% → 4.25% → 4.00% → 3.50% → 2.25% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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2.01% |
$25,000 |
15.69 |
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Rate History: 2.50% → 4.50% → 2.50% → 2.00% → 2.01% |
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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 |
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2.00% |
$0 |
3.94 |
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Rate History: 1.00% → 2.00% |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. Read More |
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2.00% |
$500 |
3.26 |
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Rate History: 2.45% → 2.40% → 2.00% |
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1.00% |
$2,500 |
23.69 |
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0.75% |
$0 |
19.16 |
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Rate History: 1.00% → 0.75% |
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0.25% |
$500 |
0.52 |
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0.20% |
$1,000 |
- |
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wertlkgt | Mar 28, 2022 Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More |
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0.05% |
$0 |
18.94 |
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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 |
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0.03% |
$25,000 |
20.55 |
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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 |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
3 Month Certificates of Deposit offered by local banks are often the shortest term offered. Three month certificates of deposit rates underperform the returns on savings and money market accounts and have for some time. As a result, savers may find savings and money market accounts to offer a higher yield and more flexibility than a three year CD.
Any certificate of deposit will bear substantial penalties for early withdrawal, if it is even allowed. As a result of the penalty, depositors who might need to withdraw from short term CDs early will ordinary lose some of their principal. Under no circumstances should depositors open a 3 month CD if they think that there is any chance that they will need to access the money in less than 3 months.
While online banks often offer better rates on short term CDs, local banks are provide the convenience of walking into a branch to open a CD, deposit funds, or withdraw the CD when it matures. In addition, a CD is often an entree into a broader relationship with a financial institution which may become important if the depositor wishes to borrow money.
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