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Credit Union CD Rates Binghamton, New York 2019

Below are the best one year CD Rates from credit unions in Binghamton, New York. 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.

Binghamton, NY - December 12, 2019

1 Year CD National Average : 0.91% ?

Advertiser Disclosure
Credit UnionS APY MIN MILES ?
Americu
Restrictions
2.70% $1,000 4991.05
A C M G
Restrictions
2.42% $1,000 5016.59
First Source
Restrictions
2.40% $1,000 4980.01
American Airlines
Restrictions
2.38% $10,000 4823.80
G.p.o.
Restrictions
2.30% $1,000 4980.44
Suma Yonkers
Restrictions
2.22% $1,000 4831.84
Usalliance
Restrictions
2.20% $500 4824.32
2.20% $100,000 4820.47
2.10% $10,000 4820.47
Empower
Restrictions
2.05% $100,000 5026.00
Greater Metro
Restrictions
2.02% $500 4826.61
2.00% $500 5117.86
Xcel
Restrictions
2.00% $500 4826.94
Usalliance
Restrictions
1.95% $500 4824.32
1.92% $500 4823.47
1.91% $1,000 4826.80
Bethpage
Restrictions
1.90% $50 4794.16
Empower
Restrictions
1.90% $10,000 5026.00
Justice
Restrictions
1.86% $100,000 4826.96
Quorum
Restrictions
1.85% $100,000 4828.85
Qside
Restrictions
1.81% $10,000 4816.77
1.80% $500 4905.51
Mohawk Valley
Restrictions
1.76% $5,000 4976.78
1.76% $250 5112.03
Justice
Restrictions
1.76% $500 4826.96
Inner Lakes
Restrictions
1.76% $500 5132.34
1.76% $500 5128.42
Wings Financial
Restrictions
1.76% $100,000 4816.26
Novartis
Restrictions
1.76% $500 4848.86
Quorum
Restrictions
1.75% $1,000 4828.85
Pittsford
Restrictions
1.75% $90,000 5069.95
Great Meadow
Restrictions
1.75% $500 4915.67
Island
Restrictions
1.75% $1,000 4798.72
Ukrainian
Restrictions
1.75% $500 5081.65
Wings Financial
Restrictions
1.71% $10,000 4816.26
Teachers
Restrictions
1.70% $1,000 4789.35
Pentagon
Restrictions
1.70% $1,000 4851.89
1.70% $1,000 4811.24
1.66% $1,000 5119.02
Sperry Associates
Restrictions
1.65% $500 4813.15
Pittsford
Restrictions
1.65% $50 5069.95
Xceed Financial
Restrictions
1.60% $500 5075.05
Access
Restrictions
1.60% $1,000 4991.77
1.60% $500 4895.56
1.56% $2,500 5119.10
The Summit
Restrictions
1.55% $75,000 5085.50
People's Alliance
Restrictions
1.54% $500 4799.17
1.53% $1,000 5002.31
Geico
Restrictions
1.51% $1,000 4807.94
Mid-hudson Valley
Restrictions
1.50% $500 4877.25
Teg
Restrictions
1.50% $500 4859.88
Melrose
Restrictions
1.41% $5,000 4818.45
Buffalo Service
Restrictions
1.36% $500 5124.52
First Heritage
Restrictions
1.31% $100,000 5018.12
Corning
Restrictions
1.30% $100,000 5016.30
The Summit
Restrictions
1.30% $500 5085.50
Hudson Heritage
Restrictions
1.30% $500 4871.46
Esl
Restrictions
1.30% $100,000 5077.10
1.26% $500 5119.70
Riverside
Restrictions
1.26% $250 5128.52
Nassau Financial
Restrictions
1.25% $1,000 4811.85
Corning
Restrictions
1.25% $1,000 5016.30
Ohio Catholic
Restrictions
1.25% $100,000 -
Centra
Restrictions
1.25% $500 5113.43
Great Erie
Restrictions
1.21% $10,000 5114.16
First Heritage
Restrictions
1.21% $1,000 5018.12
United Nations
Restrictions
1.20% $500 4825.64
Visions
Restrictions
1.16% $500 4970.34
Ohio Catholic
Restrictions
1.15% $25,000 -
Polish & Slavic
Restrictions
1.11% $500 4824.92
Palisades
Restrictions
1.11% $10,000 4841.63
Suffolk
Restrictions
1.10% $500 4786.22
Ghs
Restrictions
1.10% $500 4966.52
Financial Trust
Restrictions
1.00% $1,000 5122.19
Horizons
Restrictions
1.00% $500 4965.58
1.00% $5,000 5127.98
Olean Area
Restrictions
1.00% $25 5073.63
Servu
Restrictions
1.00% $1,000 5018.82
Ohio Catholic
Restrictions
1.00% $500 -
1.00% $500 5017.60
Cfcu Community
Restrictions
0.90% $25,000 5005.43
0.90% $500 5124.46
Western Division
Restrictions
0.90% $250 5119.93
Western New York
Restrictions
0.85% $1,000 5117.66
Sidney
Restrictions
0.85% $500 4951.21
Sea Comm
Restrictions
0.84% $1,000 5035.99
Cfcu Community
Restrictions
0.80% $500 5005.43
Empire One
Restrictions
0.80% $1,000 5122.10
Alternatives
Restrictions
0.80% $500 5004.34
0.75% $500 5073.90
Olean Area
Restrictions
0.75% $500 5073.63
Alco
Restrictions
0.75% $500 5055.02
0.75% $1,000 5088.99
Saint Lawrence
Restrictions
0.70% $75,000 5053.62
0.70% $500 4923.16
Advantage
Restrictions
0.60% $500 5080.82
0.60% $500 5075.95
Saint Lawrence
Restrictions
0.55% $1 5053.62
Meridia Community
Restrictions
0.55% $500 5117.25
Finger Lakes
Restrictions
0.55% $10,000 5041.92
Affinity One
Restrictions
0.50% $1,000 5108.53
0.50% $1,000 4966.74
Auburn Community
Restrictions
0.50% $500 5027.68
Ulster
Restrictions
0.45% $500 4877.38
Reliant Community
Restrictions
0.40% $1,000 5053.49
Esl
Restrictions
0.40% $500 5077.10
Dannemora
Restrictions
0.35% $1,000 4972.14
Municipal
Restrictions
0.25% $500 4825.96
Ticonderoga
Restrictions
0.25% $500 4941.67
Twin Rivers
Restrictions
0.25% $1,000 5039.33
Ufirst
Restrictions
0.25% $10,001 4970.34
0.20% $500 6082.46
Partners 1st
Restrictions
0.20% $500 4838.01
First New York
Restrictions
0.15% $500 4927.15
Sunmark
Restrictions
0.15% $500 4910.38
0.15% $4,000 5011.98
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 One-Year Certificates of Deposit 2019

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” 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 (in the case of 1-year CDs, the period is obviously 1-year), 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, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.

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 1-year 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 time deposit is 3 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 next 12 months (or the period of your time deposit or CD). The premium in a one-year CD is very small, however, 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 in order to understand the importance of compounding interest at higher rates on your money over time.

SAVINGS & CD CALCULATOR

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