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New York CD Rates

Below are the best one year CD Rates from banks in 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.

NY - April 30, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Sterling National Bank 1.11% $2,500 -
Usny Bank 1.10% $1,000 -
The Berkshire Bank 1.01% $10,000 -
Quontic Bank 1.01% $1,000 -
First Niagara Bank, National Association 1.01% $500 -
Elmira Savings Bank 1.00% $2,500 -
Newbank 1.00% $1,000 -
Savoy Bank 1.00% $2,000 -
Eastbank, National Association 0.95% $2,500 -
Seneca Federal Savings And Loan Association 0.90% $500 -
Hsbc Bank Usa, National Association 0.90% $1,000 -
The Westchester Bank 0.87% $1,000 -
Massena Savings And Loan 0.86% $1,000 -
Catskill Hudson Bank 0.85% $100,000 -
Connectone Bank 0.85% $500 -
Signature Bank 0.85% $5,000 -
Bbcn Bank 0.80% $1,000 -
Shinhan Bank America 0.80% $1,000 -
First Central Savings Bank 0.80% $500 -
Wilshire Bank 0.80% $1,000 -
Sawyer Savings Bank 0.75% $500 -
Apple Bank For Savings 0.75% $1,000 -
Country Bank 0.75% $1,000 -
Bnb Hana Bank, National Association 0.71% $500 -
Emigrant Bank 0.70% $1,000 -
Hamlin Bank And Trust Company 0.70% $1,000 -
Bank Of Utica 0.65% $500 -
Indus American Bank 0.65% $2,000 -
First American International Bank 0.65% $500 -
Citizens & Northern Bank 0.65% $100,000 -
Abacus Federal Savings Bank 0.65% $1,000 -
Wallkill Valley Federal Savings And Loan Association 0.61% $500 -
Cathay Bank 0.60% $100,000 -
Banco Popular North America 0.60% $10,000 -
Customers Bank 0.60% $500 -
Amerasia Bank 0.56% $2,500 -
Rondout Savings Bank 0.55% $500 -
Cayuga Lake National Bank 0.55% $100,000 -
Spring Bank 0.55% $1 -
United Orient Bank 0.55% $500 -
Orange County Trust Company 0.55% $100,000 -
Solvay Bank 0.55% $100,000 -
Modern Bank, National Association 0.55% $100,000 -
Global Bank 0.55% $1,000 -
Modern Bank, National Association 0.50% $10,000 -
Citizens Bank Of Cape Vincent 0.50% $500 -
Cathay Bank 0.50% $2,500 -
Carthage Federal Savings And Loan Association 0.50% $500 -
Geddes Federal Savings And Loan Association 0.50% $500 -
Alma Bank 0.50% $2,500 -
Amalgamated Bank 0.50% $500 -
Medina Savings And Loan Association 0.50% $1,000 -
Ponce De Leon Federal Bank 0.50% $1,000 -
Jeff Bank 0.50% $100,000 -
Manufacturers And Traders Trust Company 0.50% $1,000 -
Gouverneur Savings And Loan Association 0.50% $1,000 -
The Citizens National Bank Of Hammond 0.50% $2,500 -
Ulster Savings Bank 0.50% $2,500 -
Community Bank, National Association 0.50% $10,000 -
Solvay Bank 0.50% $500 -
Nbt Bank, National Association 0.50% $1,000 -
Alden State Bank 0.50% $500 -
The Delaware National Bank Of Delhi 0.46% $100 -
Pioneer Savings Bank 0.45% $500 -
Hometown Bank Of The Hudson Valley 0.45% $500 -
Ridgewood Savings Bank 0.45% $500 -
Usny Bank 0.45% $1,000 -
Bcb Community Bank 0.45% $500 -
Citizens & Northern Bank 0.45% $10,000 -
Orange County Trust Company 0.45% $2,500 -
Putnam County Savings Bank 0.45% $500 -
East West Bank 0.45% $99,000 -
Northeast Community Bank 0.45% $1,000 -
Bank Of Akron 0.45% $500 -
Kearny Bank 0.45% $500 -
Victory State Bank 0.40% $100,000 -
Walden Savings Bank 0.40% $1,000 -
Cayuga Lake National Bank 0.40% $500 -
Empire State Bank 0.40% $1,000 -
First Citizens Community Bank 0.40% $100,000 -
Rhinebeck Bank 0.40% $10,000 -
Evans Bank, National Association 0.40% $500 -
Industrial And Commercial Bank Of China (usa), National Association 0.40% $100,000 -
Jeff Bank 0.40% $1,000 -
Genesee Regional Bank 0.40% $500 -
Catskill Hudson Bank 0.40% $1,000 -
Ctbc Bank Corp. (usa) 0.40% $100,000 -
Valley National Bank 0.40% $500 -
Greater Hudson Bank 0.40% $5,000 -
New York Community Bank 0.40% $500 -
The Upstate National Bank 0.40% $1,000 -
Watertown Savings Bank 0.36% $500 -
Maple City Savings Bank, Fsb 0.35% $1,000 -
The Lyons National Bank 0.35% $500 -
Lake Shore Savings Bank 0.35% $500 -
Northwest Bank 0.35% $500 -
Savannah Bank National Association 0.35% $1,000 -
People's United Bank, National Association 0.35% $2,500 -
Industrial And Commercial Bank Of China (usa), National Association 0.30% $2,500 -
The First National Bank Of Groton 0.30% $100,000 -
The North Country Savings Bank 0.30% $500 -
East West Bank 0.30% $10,000 -
New York Commercial Bank 0.30% $500 -
New York Community Bank 0.30% $500 -
Gibraltar Private Bank & Trust Co. 0.30% $1,000 -
Tompkins Trust Company 0.25% $1,000 -
The First National Bank Of Dryden 0.25% $1,000 -
Fulton Savings Bank 0.25% $500 -
The First National Bank Of Groton 0.25% $10,000 -
Glens Falls National Bank And Trust Company 0.25% $1,000 -
Investors Bank 0.25% $500 -
Five Star Bank 0.25% $10,000 -
Adirondack Bank 0.25% $1,000 -
The Bank Of Greene County 0.25% $1,000 -
Champlain National Bank 0.25% $500 -
Carver Federal Savings Bank 0.25% $2,500 -
Saratoga National Bank And Trust 0.25% $1,000 -
Pathfinder Bank 0.25% $1,000 -
Bank Of Millbrook 0.25% $2,500 -
Generations Bank 0.25% $500 -
Mercantil Commercebank, National Association 0.25% $10,000 -
The National Bank Of Delaware County 0.25% $500 -
City National Bank Of New Jersey 0.25% $500 -
Sussexbank 0.25% $1,000 -
Ctbc Bank Corp. (usa) 0.25% $1,500 -
Salisbury Bank And Trust Company 0.25% $1,000 -
The Suffolk County National Bank Of Riverhead 0.25% $1,000 -
Cattaraugus County Bank 0.24% $10,000 -
Santander Bank, N.a. 0.20% $500 -
Northfield Bank 0.20% $2,500 -
Northwest Bank 0.20% $500 -
Victory State Bank 0.20% $500 -
Td Bank, National Association 0.20% $250 -
Mahopac Bank 0.20% $1,000 -
Peoples Security Bank And Trust Company 0.20% $1,000 -
Elmira Savings Bank 0.20% $10,000 -
Champlain National Bank 0.20% $100,000 -
First Citizens Community Bank 0.20% $10,000 -
The Adirondack Trust Company 0.20% $500 -
The First National Bank Of Groton 0.20% $1,000 -
Tioga State Bank 0.20% $1,000 -
Ballston Spa National Bank 0.20% $500 -
Chemung Canal Trust Company 0.20% $1,000 -
The Bridgehampton National Bank 0.20% $2,500 -
Patriot National Bank 0.20% $500 -
First National Bank Of Scotia 0.20% $500 -
Bank Of The Ozarks 0.18% $1,000 -
Chinatown Federal Savings Bank 0.15% $500 -
Community Bank, National Association 0.15% $100,000 -
Berkshire Bank 0.15% $1,000 -
Citibank, National Association 0.15% $10,000 -
Astoria Bank 0.15% $100,000 -
Capital One, National Association 0.15% $1,000 -
Keybank National Association 0.15% $10,000 -
Woodforest National Bank 0.15% $500 -
Elmira Savings Bank 0.15% $10,000 -
The Canandaigua National Bank And Trust Company 0.12% $1,000 -
Astoria Bank 0.10% $500 -
Community Bank, National Association 0.10% $1,000 -
Steuben Trust Company 0.10% $1,000 -
Fairport Savings Bank 0.10% $500 -
Santander Bank, N.a. 0.10% $10,000 -
City National Bank 0.10% $2,500 -
Manufacturers And Traders Trust Company 0.10% $1,000 -
Webster Bank, National Association 0.10% $2,500 -
Bank Of America, National Association 0.07% $10,000 -
Bank Of America, National Association 0.05% $10,000 -
Trustco Bank 0.05% $500 -
Wells Fargo Bank, National Association 0.05% $10,000 -
First Niagara Bank, National Association 0.05% $500 -
Manufacturers And Traders Trust Company 0.05% $1,000 -
Citizens Bank, National Association 0.03% $1,000 -
Jpmorgan Chase Bank, National Association 0.01% $10,000 -
Hsbc Bank Usa, National Association 0.01% $1,000 -

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.

  • Tammie H.

    April 19, 2016

    Hello,

    I was just wondering if the rates posted on this site were current?

    I noticed at the top it does have todays date.

    Thank you.

  • boo

    April 13, 2016

    rates suck

  • Dan

    March 14, 2016

    The local offerings are there. Just put in your zip code. Click the link that says: Change zip.

  • F Jamees

    March 14, 2016

    Where are the local offerings of 71913. They use to be for local banks, we miss them. F James

  • Larry Triemer (ltriemer@yahoo.com)

    March 02, 2016

    I stopped receiving my weekly bank rates and wanted you to resume sending them. I registered today, again, using my work e-mail and would like for you to send them to the abovementioned e=mail address.

    Thank you,

    Larry Triemer+

  • jim

    February 12, 2016

    bank of Ontario (Ontario wi) offering 1 year ira cd for 1.9%

  • 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?

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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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