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New York Credit Union Savings Rates 2018

Credit Unions can offer savings and money market rates that are competitive not only with local banks, but also sometimes with the best rates at online savings banks. The table below lists the best rates at credit unions near you. If you click on the credit union’s name, you’ll be taken to more information about its locations and operations.

NY - November 18, 2018

Savings Account National Average Rate: 0.20% ?

Credit UnionS APY Vs.
Nat'l
Av.
MIN MIN?
American Airlines
Restrictions
1.97% 10.05x $1 -
People's Alliance
Restrictions
1.90% 9.69x $25 -
Pentagon
Restrictions
1.85% 9.44x $5 -
Bethpage
Restrictions
1.75% 8.93x $500 -
N C P D
Restrictions
1.51% 7.70x $0 -
Suma Yonkers
Restrictions
1.11% 5.66x $50 -
United Nations
Restrictions
1.00% 5.10x $25,000 -
0.90% 4.59x $10,000 -
0.85% 4.35x $25,001 -
Inner Lakes
Restrictions
0.85% 4.34x $25,000 -
0.80% 4.09x $2,500 -
0.80% 4.08x $25,000 -
0.80% 4.08x $2,500 -
Qside
Restrictions
0.80% 4.08x $25,000 -
Inner Lakes
Restrictions
0.80% 4.08x $5,000 -
Pittsford
Restrictions
0.80% 4.08x $10,000 -
Riverside
Restrictions
0.80% 4.08x $20,000 -
Centra
Restrictions
0.80% 4.08x $25,000 -
Suma Yonkers
Restrictions
0.76% 3.88x $50 -
0.75% 3.83x $10,000 -
Empower
Restrictions
0.75% 3.83x $25,000 -
The Summit
Restrictions
0.75% 3.83x $1,500 -
United Nations
Restrictions
0.75% 3.83x $2,500 -
Geico
Restrictions
0.75% 3.83x $25,000 -
Inner Lakes
Restrictions
0.75% 3.83x $2,500 -
0.75% 3.83x $25,000 -
Visions
Restrictions
0.75% 3.83x $10,000 -
Centra
Restrictions
0.75% 3.83x $25,000 -
0.70% 3.57x $2,500 -
First Source
Restrictions
0.70% 3.57x $25,000 -
Empower
Restrictions
0.70% 3.57x $10,000 -
Novartis
Restrictions
0.70% 3.57x $25,000 -
Geico
Restrictions
0.70% 3.57x $5,000 -
Riverside
Restrictions
0.70% 3.57x $3,000 -
0.65% 3.32x $25,001 -
Empower
Restrictions
0.65% 3.32x $2,500 -
Qside
Restrictions
0.65% 3.32x $10,000 -
The Summit
Restrictions
0.65% 3.32x $25,000 -
Suffolk
Restrictions
0.65% 3.32x $25,000 -
Pittsford
Restrictions
0.65% 3.32x $2,000 -
Quorum
Restrictions
0.65% 3.32x $25,000 -
G.p.o.
Restrictions
0.65% 3.32x $20,000 -
Western Division
Restrictions
0.65% 3.32x $20,000 -
Americu
Restrictions
0.65% 3.32x $2,500 -
Sea Comm
Restrictions
0.63% 3.21x $25,000 -
Nassau Financial
Restrictions
0.60% 3.06x $25,000 -
First Source
Restrictions
0.60% 3.06x $10,000 -
Teachers
Restrictions
0.60% 3.06x $25,000 -
Teg
Restrictions
0.55% 2.81x $5,000 -
The Summit
Restrictions
0.55% 2.81x $10,000 -
0.55% 2.81x $10,000 -
Sea Comm
Restrictions
0.55% 2.81x $10,000 -
G.p.o.
Restrictions
0.55% 2.81x $2,000 -
Western Division
Restrictions
0.55% 2.81x $5,000 -
Sea Comm
Restrictions
0.52% 2.65x $2,500 -
0.50% 2.56x $10,001 -
0.50% 2.55x $25,001 -
Nassau Financial
Restrictions
0.50% 2.55x $5,000 -
Corning
Restrictions
0.50% 2.55x $25,000 -
Palisades
Restrictions
0.50% 2.55x $25,000 -
The Summit
Restrictions
0.50% 2.55x $1,500 -
Novartis
Restrictions
0.50% 2.55x $2,500 -
Access
Restrictions
0.50% 2.55x $25,000 -
United Nations
Restrictions
0.50% 2.55x $50 -
0.50% 2.55x $15,001 -
Visions
Restrictions
0.50% 2.55x $1 -
Centra
Restrictions
0.50% 2.55x $5,000 -
Sea Comm
Restrictions
0.48% 2.45x $100 -
0.45% 2.30x $10,000 -
Nassau Educators
Restrictions
0.45% 2.30x $25,000 -
Xcel
Restrictions
0.45% 2.30x $25,000 -
Suffolk
Restrictions
0.45% 2.30x $2,500 -
Western Division
Restrictions
0.45% 2.30x $1,000 -
Saint Lawrence
Restrictions
0.42% 2.14x $25,000 -
Financial Trust
Restrictions
0.40% 2.05x $25,000 -
Sperry Associates
Restrictions
0.40% 2.04x $25,000 -
0.40% 2.04x $10,001 -
0.40% 2.04x $2,500 -
Corning
Restrictions
0.40% 2.04x $2,500 -
First Source
Restrictions
0.40% 2.04x $1 -
Nassau Educators
Restrictions
0.40% 2.04x $2,500 -
0.40% 2.04x $2,500 -
Ghs
Restrictions
0.40% 2.04x $25,000 -
Access
Restrictions
0.40% 2.04x $10,000 -
Great Erie
Restrictions
0.40% 2.04x $25,000 -
Teachers
Restrictions
0.40% 2.04x $2,500 -
Ukrainian
Restrictions
0.40% 2.04x $25,000 -
Xcel
Restrictions
0.40% 2.04x $10,000 -
0.40% 2.04x $50 -
0.40% 2.04x $25,000 -
Centra
Restrictions
0.40% 2.04x $1,000 -
0.40% 2.04x $10,000 -
Sperry Associates
Restrictions
0.35% 1.79x $2,500 -
Olean Area
Restrictions
0.35% 1.79x $25,000 -
0.35% 1.79x $25,000 -
0.35% 1.79x $25 -
People's Alliance
Restrictions
0.35% 1.79x $25,000 -
0.35% 1.79x $25,000 -
Palisades
Restrictions
0.35% 1.79x $10,000 -
Financial Trust
Restrictions
0.35% 1.79x $10,000 -
Great Erie
Restrictions
0.35% 1.79x $2,500 -
0.35% 1.79x $10,001 -
Meridia Community
Restrictions
0.35% 1.79x $25,000 -
Xcel
Restrictions
0.35% 1.79x $2,500 -
Xceed Financial
Restrictions
0.35% 1.79x $10,000 -
Reliant Community
Restrictions
0.35% 1.79x $25,000 -
Advantage
Restrictions
0.35% 1.79x $25,000 -
Wings Financial
Restrictions
0.35% 1.79x $5,000 -
Alco
Restrictions
0.30% 1.53x $2,500 -
Esl
Restrictions
0.30% 1.53x $25,000 -
0.30% 1.53x $2,500 -
Saint Lawrence
Restrictions
0.30% 1.53x $5,000 -
Olean Area
Restrictions
0.30% 1.53x $10,000 -
Justice
Restrictions
0.30% 1.53x $25,000 -
Affinity
Restrictions
0.30% 1.53x $20,000 -
Horizons
Restrictions
0.30% 1.53x $2,500 -
0.30% 1.53x $10,000 -
First Source
Restrictions
0.30% 1.53x $1,000 -
Nassau Educators
Restrictions
0.30% 1.53x $1 -
People's Alliance
Restrictions
0.30% 1.53x $2,500 -
Financial Trust
Restrictions
0.30% 1.53x $2,500 -
Partners 1st
Restrictions
0.30% 1.53x $25,000 -
0.30% 1.53x $2,500 -
Ukrainian
Restrictions
0.30% 1.53x $2,500 -
0.30% 1.53x $2,500 -
0.30% 1.53x $20,000 -
Meridia Community
Restrictions
0.30% 1.53x $2,500 -
0.30% 1.53x $25,000 -
0.30% 1.53x $10,000 -
Municipal
Restrictions
0.30% 1.53x $10,000 -
Wings Financial
Restrictions
0.30% 1.53x $25,000 -
0.26% 1.33x $2,500 -
Teg
Restrictions
0.25% 1.28x $100 -
Usalliance
Restrictions
0.25% 1.28x $25,000 -
Esl
Restrictions
0.25% 1.28x $10,000 -
0.25% 1.28x $1 -
Olean Area
Restrictions
0.25% 1.28x $2,500 -
Justice
Restrictions
0.25% 1.28x $2,500 -
Empire One
Restrictions
0.25% 1.28x $25,000 -
Affinity
Restrictions
0.25% 1.28x $2,500 -
Star Usa
Restrictions
0.25% 1.28x $50,000 -
0.25% 1.28x $1,000 -
0.25% 1.28x $2,500 -
Access
Restrictions
0.25% 1.28x $25 -
Inner Lakes
Restrictions
0.25% 1.28x $1,500 -
First Heritage
Restrictions
0.25% 1.28x $2,500 -
Northern
Restrictions
0.25% 1.28x $10,000 -
0.25% 1.28x $2,500 -
0.25% 1.28x $25,000 -
0.25% 1.28x $1,000 -
0.25% 1.28x $25,000 -
0.25% 1.28x $1 -
Greater Woodlawn
Restrictions
0.25% 1.28x $750 -
Xceed Financial
Restrictions
0.25% 1.28x $1,000 -
Reliant Community
Restrictions
0.25% 1.28x $10,000 -
Greater Metro
Restrictions
0.25% 1.28x $500 -
G.p.o.
Restrictions
0.25% 1.28x $51 -
0.25% 1.28x $1 -
Advantage
Restrictions
0.25% 1.28x $10,000 -
Municipal
Restrictions
0.25% 1.28x $2,500 -
Buffalo Service
Restrictions
0.25% 1.28x $25 -
Alco
Restrictions
0.20% 1.02x $100 -
Sperry Associates
Restrictions
0.20% 1.02x $5 -
0.20% 1.02x $1 -
Esl
Restrictions
0.20% 1.02x $10,000 -
Saint Lawrence
Restrictions
0.20% 1.02x $1 -
Olean Area
Restrictions
0.20% 1.02x $300 -
Bethpage
Restrictions
0.20% 1.02x $5 -
Empire One
Restrictions
0.20% 1.02x $10,000 -
Nassau Financial
Restrictions
0.20% 1.02x $1 -
Corning
Restrictions
0.20% 1.02x $2,500 -
0.20% 1.02x $5 -
Ghs
Restrictions
0.20% 1.02x $10,000 -
Qside
Restrictions
0.20% 1.02x $2,500 -
Hudson Heritage
Restrictions
0.20% 1.02x $20,000 -
Affinity One
Restrictions
0.20% 1.02x $25,000 -
Sidney
Restrictions
0.20% 1.02x $10,000 -
0.20% 1.02x $100 -
Partners 1st
Restrictions
0.20% 1.02x $5,000 -
0.20% 1.02x $250 -
Servu
Restrictions
0.20% 1.02x $5 -
Great Meadow
Restrictions
0.20% 1.02x $100 -
Good Neighbors
Restrictions
0.20% 1.02x $20,000 -
Dannemora
Restrictions
0.20% 1.02x $25,000 -
0.20% 1.02x $25 -
0.20% 1.02x $10,000 -
Hudson Valley
Restrictions
0.20% 1.02x $20,000 -
Finger Lakes
Restrictions
0.20% 1.02x $25,000 -
0.20% 1.02x $1,500 -
Greater Metro
Restrictions
0.20% 1.02x $500 -
Mohawk Valley
Restrictions
0.20% 1.02x $100 -
Quorum
Restrictions
0.20% 1.02x $10,000 -
Centra
Restrictions
0.20% 1.02x $5 -
0.20% 1.02x $25,000 -
Americu
Restrictions
0.20% 1.02x $2,500 -
0.20% 1.02x $2,500 -
Wings Financial
Restrictions
0.20% 1.02x $5,000 -
Affinity One
Restrictions
0.18% 0.89x $10,000 -
Mcgraw Hill
Restrictions
0.15% 0.77x $25,000 -
Esl
Restrictions
0.15% 0.77x $2,500 -
Empire One
Restrictions
0.15% 0.77x $2,500 -
Star Usa
Restrictions
0.15% 0.77x $2,500 -
Sunmark
Restrictions
0.15% 0.77x $25,000 -
First New York
Restrictions
0.15% 0.77x $25,000 -
Empower
Restrictions
0.15% 0.77x $2,500 -
People's Alliance
Restrictions
0.15% 0.77x $50 -
Hudson Heritage
Restrictions
0.15% 0.77x $2,500 -
Palisades
Restrictions
0.15% 0.77x $2,500 -
Affinity One
Restrictions
0.15% 0.77x $1,000 -
Partners 1st
Restrictions
0.15% 0.77x $2,500 -
0.15% 0.77x $2,500 -
Good Neighbors
Restrictions
0.15% 0.77x $10,000 -
0.15% 0.77x $2,500 -
Dannemora
Restrictions
0.15% 0.77x $5,000 -
Mid-hudson Valley
Restrictions
0.15% 0.77x $2,500 -
Hudson Valley
Restrictions
0.15% 0.77x $5 -
Western New York
Restrictions
0.15% 0.77x $100 -
Finger Lakes
Restrictions
0.15% 0.77x $10,000 -
Reliant Community
Restrictions
0.15% 0.77x $2,500 -
Ulster
Restrictions
0.15% 0.77x $500 -
Advantage
Restrictions
0.15% 0.77x $1 -
Western Division
Restrictions
0.15% 0.77x $100 -
0.15% 0.77x $10,000 -
Wings Financial
Restrictions
0.15% 0.77x $1 -
Ufirst
Restrictions
0.13% 0.66x $20,001 -
Hudson Valley
Restrictions
0.11% 0.56x $1,000 -
Teg
Restrictions
0.10% 0.51x $100 -
Usalliance
Restrictions
0.10% 0.51x $2,001 -
Mcgraw Hill
Restrictions
0.10% 0.51x $5,000 -
0.10% 0.51x $100 -
Justice
Restrictions
0.10% 0.51x $2,500 -
Pentagon
Restrictions
0.10% 0.51x $10,000 -
Empire One
Restrictions
0.10% 0.51x $500 -
0.10% 0.51x $100 -
Affinity
Restrictions
0.10% 0.51x $5 -
Star Usa
Restrictions
0.10% 0.51x $10 -
Auburn Community
Restrictions
0.10% 0.51x $25,000 -
Sunmark
Restrictions
0.10% 0.51x $500 -
Horizons
Restrictions
0.10% 0.51x $150 -
First New York
Restrictions
0.10% 0.51x $5 -
Ghs
Restrictions
0.10% 0.51x $100 -
Qside
Restrictions
0.10% 0.51x $1 -
Hudson Heritage
Restrictions
0.10% 0.51x $500 -
The Summit
Restrictions
0.10% 0.51x $100 -
Novartis
Restrictions
0.10% 0.51x $100 -
Affinity One
Restrictions
0.10% 0.51x $25 -
Sidney
Restrictions
0.10% 0.51x $2,500 -
Financial Trust
Restrictions
0.10% 0.51x $250 -
Geico
Restrictions
0.10% 0.51x $300 -
Great Erie
Restrictions
0.10% 0.51x $1,000 -
Teachers
Restrictions
0.10% 0.51x $50 -
Ukrainian
Restrictions
0.10% 0.51x $50 -
0.10% 0.51x $1 -
Ticonderoga
Restrictions
0.10% 0.51x $2,500 -
Greater Niagara
Restrictions
0.10% 0.51x $50 -
First Heritage
Restrictions
0.10% 0.51x $100 -
Island
Restrictions
0.10% 0.51x $2,500 -
Northern
Restrictions
0.10% 0.51x $1 -
Meridia Community
Restrictions
0.10% 0.51x $100 -
Good Neighbors
Restrictions
0.10% 0.51x $100 -
0.10% 0.51x $5 -
Mid-hudson Valley
Restrictions
0.10% 0.51x $100 -
Xcel
Restrictions
0.10% 0.51x $50 -
Suffolk
Restrictions
0.10% 0.51x $100 -
Finger Lakes
Restrictions
0.10% 0.51x $5 -
0.10% 0.51x $25 -
Reliant Community
Restrictions
0.10% 0.51x $1,000 -
Ulster
Restrictions
0.10% 0.51x $2,501 -
0.10% 0.51x $100 -
Quorum
Restrictions
0.10% 0.51x $2,500 -
Municipal
Restrictions
0.10% 0.51x $1,000 -
Cfcu Community
Restrictions
0.10% 0.51x $10,000 -
0.10% 0.51x $500 -
0.10% 0.51x $5 -
0.08% 0.38x $1,501 -
0.05% 0.26x $100 -
Niagara's Choice
Restrictions
0.05% 0.26x $250 -
Usalliance
Restrictions
0.05% 0.26x $1 -
Mcgraw Hill
Restrictions
0.05% 0.26x $1 -
Esl
Restrictions
0.05% 0.26x $1 -
0.05% 0.26x $100 -
0.05% 0.26x $1,000 -
Pentagon
Restrictions
0.05% 0.26x $1 -
Star Usa
Restrictions
0.05% 0.26x $5 -
Auburn Community
Restrictions
0.05% 0.26x $50 -
Sunmark
Restrictions
0.05% 0.26x $1 -
0.05% 0.26x $501 -
0.05% 0.26x $250 -
Sidney
Restrictions
0.05% 0.26x $500 -
Partners 1st
Restrictions
0.05% 0.26x $500 -
A C M G
Restrictions
0.05% 0.26x $100 -
Ticonderoga
Restrictions
0.05% 0.26x $100 -
Island
Restrictions
0.05% 0.26x $1 -
0.05% 0.26x $50 -
Dannemora
Restrictions
0.05% 0.26x $50 -
Xceed Financial
Restrictions
0.05% 0.26x $100 -
Twin Rivers
Restrictions
0.05% 0.26x $100 -
Ufirst
Restrictions
0.05% 0.26x $101 -
Polish & Slavic
Restrictions
0.05% 0.26x $2,500 -
Quorum
Restrictions
0.05% 0.26x $5 -
Alternatives
Restrictions
0.05% 0.26x $5 -
0.05% 0.26x $2,500 -
Advantage
Restrictions
0.05% 0.26x $1 -
Riverside
Restrictions
0.05% 0.26x $100 -
Cfcu Community
Restrictions
0.05% 0.26x $100 -
Palisades
Restrictions
0.04% 0.20x $50 -
0.02% 0.10x $50 -
0.01% 0.05x $10 -
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. 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 Savings Accounts 2018

Credit union savings accounts (also sometimes called share certificates or money market accounts) are savings vehicles that are offered by credit unions. Many Americans enjoy performing their banking transactions with credit unions as they are technically member-owned and may have branches close by. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions do have limited fields of membership – you must be a resident of a certain area or have a family member who was employed by a certain company. Other credit unions will have fields of membership that are virtually open ended (eg. must love life, etc.). If you find a credit union that interests you because of a rate or a service or a location, but are unsure if you qualify for membership, it is often worth reaching out to the credit union to discuss the parameters of the field of membership and whether there may be other ways in which you may qualify for membership.

Unlike online banks and even many local banks, all but the largest credit unions often lack robust online banking features. If you are interested in online banking, be sure to ask your credit unions about the online and mobile services they offer.

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


Why are credit union rates sometimes better than those from local and online banks?

The core difference between banks and credit unions is true regardless of size: Credit unions are nonprofits owned by the members, while banks are for-profit organizations. Credit unions can therefore sometimes pass along their profits in the form of lower rates (or better loan terms). Banks have some flexibility when competition forces it, but have to deliver an expected return on capital to their owners.

Is customer service better at credit unions that local banks or online banks?

Credit unions have long surpassed commercial banks for customer satisfaction. But as membership grows, their lead is shrinking, at least when compared with smaller banks. It’s also worth noting that in recent years, several online-only banks have earned high marks for their customer-friendly service options and their transparent discussions of fees and rates.  You may enjoy the local interaction with a credit union, but unless you are also getting a competitive rate, you may find that you best bet is to also have an online bank where you keep most of you money.

Is there any difference between a share certificate offered by a credit union and a savings or money market account offered by a bank?

The difference is mainly one of terminology, as increasingly is the difference between savings and money market accounts. Be sure to understand how to access you account. Look for no fees so long as certain balances are maintained, easy liquidity and ability to transfer your money to your accounts at other institutions, including ACH transfers to online banks.

Do Credit Unions lack technology that banks have?

As technology becomes a larger part of our everyday lives, customers rely on the ability to bank online or through a mobile device, such as an iPhone. Although credit unions are making the effort to keep pace with new financial technologies, they are still trailing banks (especially the leading online banks) on this front. Several third party platforms for online banking and mobile banking are increasingly being adopted throughout the banking industry, and credit unions will likely begin to adopt these as well, which should narrow or remove the gap between them and banks.

Is my money any less safe?

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.

Should I consider time deposits?

Time deposits are the credit union’s term for certificates of deposit, but, aside from slightly different terminology, are virtually the same product. Time deposits have less liquidity, but if you are unlikely to require access to your cash for some time, you may be able to significantly augment your rate of return and the growth of your capital. Since unforeseen circumstances do arise, it is important to understand the early withdrawal fees that may even eat into your principal, and early withdrawal is often entirely at the credit union’s discretion. BestCashCow compiles all rates of all credit unions near you. Access this information here. You should also familiarize yourself with our Savings Booster Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

5 POINT CHECKLIST OF THINGS THAT MAKE CREDIT UNIONS GREAT

  • Rates are often better than savings and CD rates at local banks. Borrowing rates are sometimes lower too.
  • Members are Owners of a nonprofit. When you open an account at a credit union, your account is actually a share and provides you voting rights. Since credit unions are run as non-profits, you aren’t going to get appreciation or dividends from your ownership. Instead, these institutions have the ultimate goal of providing their members better rates on loans and financial products. When a credit union makes a profit, it is used to provide better opportunities to the community that it serves.
  • Clerks work with you. Since credit unions are small and serve their owners, they try hard to keep them happy. Many credit unions have fans for life after a clerk stays late to complete loan documents, and giving pointers about avoiding fees.
  • Credit unions provide low-income and financially distressed individuals the chance to qualify for financing.
  • Credit unions often run special programs that enable people to save for the holidays (such as Christmas Clubs) or to help finance the cost of higher education and university.

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