Best CD Rates in New York

The current national 12 month CD rate is averaging 0.87 percent this morning. The average 12 month CD rate has been under 1.00 percent since April 12, 2010. There is hope for the future direction of CD rates. The FOMC will probably start raising interest rates before the end of 2010 and CD rates will also head higher.

Searching for the highest CD rates? Use our CD rate tables at CDRates.MonitorBankRates.com to find the highest CD rates at banks and credit unions in your area.




The current average 3 month CD interest rate is 0.43 percent. Longer term bank CD rates aren’t much better. The average 60 month CD rate at banks is 2.25 percent. You can find current CD rates higher than the national average rates.  We have compiled a list of the best CD rates from credit unions and banks in New York.

The highest 3 month CD rate on our list of best CD rates is from Marathon National Bank. The bank’s current 3 month bank CD rate is 1.05 percent with an annual percentage yield (APY) of 1.05 percent. Next on the list of the best 3 month CD rates in New York is from Broadway National Bank.  The bank’s current 3 month bank CD interest rate is 0.85 percent with an APY of 0.85 percent.

Flagstar Bank and Community Fed Savings Bank top our best 6 month CD rates list. Both banks' current 6 month bank CD rate is 1.24 percent with an APY of 1.25 percent.

Flagstar Bank, Sallie Mae Bank and Maspeth Federal Savings & Loan have the best 12 month bank CD rates. All three banks current have a 12 month CD rate of 1.54 percent with an APY of 1.55 percent.

Best CD Rates in New York

Best 3 month CD Rates and CD Yields

• Marathon National Bank Rate 1.04% APY 1.05% Min $1000


• Broadway National Bank CD Rates 0.85% APY 0.85% Min $500


• First National LI CD Rates 0.85% APY 0.85% Min $1000


• Flatbush Federal S&L CD Rate 0.80% APY 0.80% Min $500


• EverBank CD Rate 0.75% APY 0.75% Min $1500


• BankDirect CD Interest Rates 0.75% APY 0.75% Min $10,000


• Nationwide Bank CD Rates 0.75% APY 0.75% Min $10,000


• Eastbank CD Interest Rate 0.75% APY 0.75% Min $2500


• Ally Bank CD Rates 0.74% APY 0.74% Min $ 1


• Discover Bank Rates 0.65% APY 0.65% Min $2500


• Giantbank.com CD Rates 0.65% APY 0.65% Min $2500


• Ponce de Leon FSB CD Rates 0.65% APY 0.65% Min $500


• State Bank Long Island CD Rates 0.65% APY 0.65% Min $2500

Best 6 month CD Yields

• Flagstar Bank 1.25% APY Min $500


• Community Fed Savings Bank 1.25% APY Min $500


• Marathon National Bank 1.20% APY Min $1000


• Discover Bank 1.15% APY Min $2500


• Ally Bank 1.14% APY Min $ 1


• Giantbank.com 1.11% APY Min $2500


• Broadway National Bank 1.11% APY Min $500


• AIG Bank 1.06% APY Min $2500


• Nationwide Bank 1.05% APY Min $10,000


• PenFed 1.02% APY Min $1000


• EverBank 1.01% APY Min $1500


• Eastbank 1.01% APY Min $2500


• American Express Bank FSB 1.00% APY Min $ 0


• Bay Ridge Federal Credit Union 1.00% APY Min $2500

Best 12 month CD Yields

• Sallie Mae 1.55% APY Min $ 1


• Flagstar Bank 1.55% APY Min $500


• Maspeth Federal S&L 1.55% APY Min $1500


• Bank of Internet USA 1.54% APY Min $1000


• Discover Bank 1.50% APY Min $2500


• American Express Bank FSB 1.50% APY Min $ 0


• Tennessee Commerce Bank 1.50% APY Min $2500


• Marathon National Bank 1.50% APY Min $1000


• Community Fed Savings Bank  1.50% APY Min $500 1.50% APY Min $500


• Ally Bank 1.49% APY Min $ 1


• AIG Bank 1.49% APY Min $2500


• Giantbank.com 1.46% APY Min $2500


• Nationwide Bank 1.40% APY Min $10,000


• Pentagon Federal Credit Union 1.37% APY Min $1000


• Cross County Federal Savings 1.35% APY Min $500