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Troy, New York CD Rates 2019

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

Troy, NY - December 13, 2019

1 Year CD National Average : 0.91% ?

Advertiser Disclosure
BankS APY MIN MILES ?
2.25% $1,000 4825.40
2.10% $1 4773.56
2.02% $2,500 4826.86
2.02% $10,000 0.00
2.02% $500 4816.81
2.02% $1,000 4829.88
2.00% $1,500 4823.05
1.95% $1,000 4828.03
1.95% $2,000 4827.94
1.95% $100,000 4827.34
1.92% $5,000 4827.48
1.90% $1,000 4825.04
1.90% $5,000 4821.08
1.90% $500 4813.43
1.90% $5,000 4827.34
1.85% $500 4821.61
1.85% $1,000 4826.52
1.85% $1,500 4827.29
1.85% $500 4818.78
1.85% $10,000 4872.32
1.75% $2,500 4825.85
1.75% $500 5113.42
1.75% $500 4976.83
1.75% $250 4828.17
1.75% $100,000 4824.09
1.75% $500 4819.64
1.75% $1,000 4827.07
1.75% $1,000 4860.89
1.75% $250,000 0.00
1.75% $1,000 4821.45
1.75% $500 4821.85
1.75% $10,000 4868.42
1.75% $1,000 5042.28
1.71% $500 4827.42
1.70% $1,000 4826.60
1.70% $500 4867.38
1.65% $500 4880.33
1.65% $500 4826.99
1.62% $1,000 4762.99
1.61% $50,000 5053.60
1.60% $1,000 0.00
1.55% $2,500 4821.29
1.55% $500 4896.18
1.51% $500 5108.37
1.51% $500 0.00
1.51% $1,000 4829.63
1.50% $1,000 4804.27
1.50% $500 4824.27
1.50% $2,500 4809.81
1.50% $1,000 5042.28
1.42% $25,000 4827.52
1.41% $1,000 5053.60
1.41% $500 5100.45
1.40% $500 5029.24
1.40% $1,000 4820.59
1.40% $100,000 4827.68
1.35% $500 4809.81
1.35% $500 4875.56
1.35% $10,000 4827.32
1.32% $1 4827.52
1.31% $100,000 5044.71
1.25% $1,000 4827.45
1.25% $1,000 5073.80
1.25% $100,000 0.00
1.25% $2,500 4826.67
1.21% $500 4869.07
1.20% $90,000 4827.45
1.15% $100,000 0.00
1.10% $1,000 4827.45
1.10% $10,000 5044.71
1.05% $1,000 4827.41
1.02% $1,000 5050.17
1.02% $500 5041.83
1.01% $2,500 4828.09
1.01% $1,000 4825.10
1.00% $500 5075.26
1.00% $1,000 0.00
1.00% $500 5051.64
1.00% $500 4826.59
0.95% $500 4827.73
0.95% $100,000 4826.07
0.90% $500 4827.38
0.90% $100,000 4954.61
0.90% $1,000 4804.25
0.90% $1,000 4883.12
0.90% $100,000 4874.36
0.90% $500 5035.74
0.90% $1,000 4882.41
0.86% $1,000 5038.97
0.85% $100,000 4821.23
0.85% $100 4929.49
0.80% $2,500 4821.23
0.75% $500 4811.91
0.75% $100,000 5053.34
0.75% $1,000 5038.24
0.75% $1 5123.68
0.75% $1,000 4863.75
0.75% $500 4826.07
0.75% $1,000 4868.06
0.70% $1,000 4827.41
0.70% $1,000 4827.42
0.70% $100,000 4827.46
0.65% $500 5015.74
0.65% $2,500 4874.36
0.65% $500 5016.44
0.60% $500 4911.74
0.60% $10,000 4827.46
0.60% $1,000 4827.25
0.60% $500 4824.73
0.60% $500 5026.06
0.60% $1,000 5061.36
0.56% $2,500 4820.50
0.55% $1,000 4960.25
0.55% $1,000 4994.30
0.55% $500 4914.81
0.50% $1,000 4894.26
0.50% $500 5066.23
0.50% $500 5121.98
0.50% $2,500 5052.54
0.50% $10,000 5004.11
0.50% $2,500 4877.47
0.46% $500 4825.72
0.45% $1,000 5045.84
0.45% $500 4838.85
0.45% $1,000 5042.28
0.40% $1,000 4976.79
0.40% $100,000 4820.97
0.40% $1,000 4940.71
0.40% $1,000 5040.56
0.40% $100,000 4826.75
0.40% $500 4824.74
0.40% $1,000 5004.11
0.40% $100,000 4909.95
0.35% $500 4914.28
0.35% $10,000 5053.34
0.35% $1,000 4895.66
0.35% $500 5127.93
0.35% $1,000 4914.46
0.35% $100,000 4856.85
0.31% $10,000 5095.57
0.30% $100,000 5016.33
0.30% $500 5111.60
0.30% $10,000 4856.85
0.30% $2,500 4826.75
0.30% $1,000 4997.29
0.30% $1,000 4909.95
0.30% $500 5036.64
0.25% $500 4954.61
0.25% $1,500 4820.97
0.25% $10,000 4824.09
0.25% $500 4820.47
0.25% $500 5016.33
0.25% $10,000 4826.62
0.25% $500 5036.47
0.25% $500 4825.42
0.25% $1,000 5123.68
0.25% $500 4797.83
0.25% $2,500 4882.97
0.25% $1,000 5078.39
0.25% $1,000 5003.77
0.25% $500 4882.26
0.25% $2,500 4829.59
0.24% $100,000 5095.57
0.22% $100,000 4827.37
0.20% $1,000 5004.14
0.20% $10,000 5042.31
0.20% $500 4831.39
0.20% $500 4797.83
0.20% $500 4914.83
0.20% $10,000 5011.61
0.20% $1,000 4841.95
0.20% $1,000 4841.82
0.18% $1,000 4827.56
0.18% $10,000 4827.37
0.15% $200 4958.61
0.15% $100,000 5016.33
0.15% $10,000 5011.61
0.15% $10,000 4827.70
0.15% $10,000 4846.61
0.12% $10,000 4827.68
0.10% $1,000 5016.33
0.10% $500 5071.10
0.10% $1,000 4970.91
0.10% $10,000 4826.49
0.10% $500 4815.28
0.07% $10,000 5124.28
0.05% $10,000 5124.28
0.05% $10,000 4926.01
0.05% $1,000 5123.68
0.01% $10,000 4826.72
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

Certificates of Deposit - Branch Banks 2019

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. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

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. Please see those rates here.

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.

SAVINGS & CD CALCULATOR

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