New York

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You are viewing rates across North Tonawanda


2020

Below are the best six month CD Rates from credit unions in North Tonawanda, New York. Six month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

North Tonawanda, NY - April 9, 2020

6 Month CD National Average : 0.44% ?

Advertiser Disclosure
Credit Unions APY MIN MILES ?
1.61% $500 4823.47
Novartis
Restrictions
1.56% $500 4848.86
1.51% $2,500 5119.10
Qside
Restrictions
1.51% $10,000 4816.77
Suma Yonkers
Restrictions
1.51% $1,000 4831.84
1.40% $100,000 4820.47
1.35% $10,000 4820.47
1.27% $1,000 5002.31
Esl
Restrictions
1.25% $100,000 5077.10
Pentagon
Restrictions
1.15% $1,000 4851.89
1.05% $1,000 5025.33
Teachers
Restrictions
1.00% $1,000 4789.35
Suffolk
Restrictions
1.00% $500 4786.22
1.00% $5,000 5127.98
1.00% $500 5128.42
Access
Restrictions
1.00% $1,000 4991.77
Empower
Restrictions
1.00% $10,000 5026.00
Buffalo Service
Restrictions
1.00% $500 5124.52
1.00% $1,000 5827.52
Inner Lakes
Restrictions
1.00% $500 5132.34
Geico
Restrictions
1.00% $1,000 4807.94
1.00% $1,000 5119.02
Riverside
Restrictions
1.00% $250 5128.52
People's Alliance
Restrictions
0.96% $500 4799.17
Mohawk Valley
Restrictions
0.90% $1,000 4976.78
0.90% $500 4895.56
Bethpage
Restrictions
0.90% $50 4794.16
The Summit
Restrictions
0.90% $75,000 5085.50
Horizons
Restrictions
0.90% $500 4965.58
Wings Financial
Restrictions
0.85% $100,000 4816.26
Corning
Restrictions
0.85% $100,000 5016.30
Wings Financial
Restrictions
0.80% $10,000 4816.26
Ghs
Restrictions
0.80% $500 4966.52
Cfcu Community
Restrictions
0.80% $100,000 5005.43
Corning
Restrictions
0.80% $1,000 5016.30
Sea Comm
Restrictions
0.77% $2,500 5035.99
First Source
Restrictions
0.76% $1,000 4980.01
Greater Metro
Restrictions
0.75% $500 4826.61
Ukrainian
Restrictions
0.75% $500 5081.65
0.75% $500 4905.51
Servu
Restrictions
0.75% $1,000 5018.82
Sperry Associates
Restrictions
0.75% $500 4813.15
Xceed Financial
Restrictions
0.75% $500 5075.05
0.75% $500 5124.46
Xcel
Restrictions
0.75% $500 4826.94
Pittsford
Restrictions
0.75% $90,000 5069.95
Island
Restrictions
0.75% $1,000 4798.72
0.70% $1,000 4826.80
First Heritage
Restrictions
0.70% $1,000 5018.12
Western New York
Restrictions
0.65% $1,000 5117.66
0.65% $1,000 5117.20
The Summit
Restrictions
0.65% $500 5085.50
Ohio Catholic
Restrictions
0.65% $100,000 -
Mid-hudson Valley
Restrictions
0.65% $500 4877.25
Pittsford
Restrictions
0.65% $50 5069.95
A C M G
Restrictions
0.60% $1,000 5016.59
Sidney
Restrictions
0.60% $500 4951.21
Quorum
Restrictions
0.60% $100,000 4828.85
0.60% $500 4923.16
Visions
Restrictions
0.60% $500 4970.34
Western Division
Restrictions
0.60% $250 5119.93
Justice
Restrictions
0.55% $500 4826.96
Financial Trust
Restrictions
0.55% $1,000 5122.19
Cfcu Community
Restrictions
0.55% $500 5005.43
Alternatives
Restrictions
0.55% $500 5004.34
Meridia Community
Restrictions
0.55% $500 5117.25
Quorum
Restrictions
0.50% $1,000 4828.85
Alco
Restrictions
0.50% $500 5055.02
Ohio Catholic
Restrictions
0.50% $25,000 -
Saint Lawrence
Restrictions
0.50% $75,000 5053.62
United Nations
Restrictions
0.50% $500 4825.64
0.40% $500 5075.95
Advantage
Restrictions
0.40% $500 5080.82
0.40% $1,000 4811.24
Centra
Restrictions
0.40% $1,000 5113.43
Affinity One
Restrictions
0.38% $1,000 5108.53
Saint Lawrence
Restrictions
0.35% $1 5053.62
Finger Lakes
Restrictions
0.35% $10,000 5041.92
Dannemora
Restrictions
0.30% $1,000 4972.14
Americu
Restrictions
0.29% $100,000 4991.05
Olean Area
Restrictions
0.25% $500 5073.63
Ulster
Restrictions
0.25% $500 4877.38
Auburn Community
Restrictions
0.25% $500 5027.68
Nassau Financial
Restrictions
0.25% $1,000 4811.85
Reliant Community
Restrictions
0.25% $1,000 5053.49
Esl
Restrictions
0.20% $500 5077.10
Usalliance
Restrictions
0.20% $500 4824.32
Ohio Catholic
Restrictions
0.20% $500 -
Ufirst
Restrictions
0.19% $10,001 4970.34
Americu
Restrictions
0.19% $1,000 4991.05
0.15% $500 6082.46
Municipal
Restrictions
0.15% $500 4825.96
Ticonderoga
Restrictions
0.15% $500 4941.67
0.15% $500 5017.60
First New York
Restrictions
0.12% $500 4927.15
Twin Rivers
Restrictions
0.10% $1,000 5039.33
Polish & Slavic
Restrictions
0.10% $500 4824.92
Niagara's Choice
Restrictions
0.10% $500 5138.57
Partners 1st
Restrictions
0.10% $500 4838.01
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2020

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

SAVINGS & CD CALCULATOR

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