Top 12 Month CD Rates

Average bank CD rates were down again this week but bank CD rates should start heading up later this year. The Federal Open Market Committee (FOMC) meets tomorrow and Thursday to decide the direction of interest rates. The FOMC is expected to keep interest rates in the low targeted range of zero percent to one quarter percent for now.Looking for CD Rates? Find the best CD rates here. Search for Current CD Rates.The Fed's next three meetings occur in mid March, late April and late June. We anticipate the Fed will start raising the Fed funds rate by the June meeting if the economic recovery continues. When the Fed starts raising rates, banks will follow suit and raise CD rates, savings account rates and mortgage rates.


The current average 12 month certificate of deposit rate is 1.01 percent. Following is a list of the top CD rates in New York City above the national average rate. UFB Direct  1.86% APY Min $8000 Eastbank  1.75% APY Min $2500 Discover Bank  1.75% APY Min $2500 Giantbank.com  1.71% APY Min $2500 Ally Bank  1.70% APY Min $ 1 Nationwide Bank  1.70% APY Min $10000 Maspeth Federal S&L  1.70% APY Min $1500 Broadway National Bank  1.67% APY Min $500 Bank of Internet USA  1.65% APY Min $1000 First Central Savings Bank  1.65% APY Min $500 ING DIRECT  1.60% APY Min $ 1 AIG Bank  1.60% APY Min $2500 Tennessee Commerce Bank  1.60% APY Min $2500 EverBank 1.56% APY Min $1500 American Express Bank FSB  1.50% APY Min $ 1 Bay Ridge Federal Credit Union  1.50% APY Min $500 Marathon National Bank  1.50% APY Min $1000 Bridgehampton National Bank  1.50% APY Min $1000 Brooklyn FSB  1.50% APY Min $1000 1.50% Ridgewood Savings Bank  1.35% APY Min $500 Cross County Federal Savings  1.35% APY Min $500 Great Eastern Bank  1.31% APY Min $2500 Intervest National Bank  1.30% APY Min $2500 Allstate Bank  1.30% APY Min $1000 Community Fed Svngs Bank  1.30% APY Min $500 State Bank Long Island  1.30% APY Min $2500 PenFed 1.25% APY Min $1000 1.25% First Internet Bank of IN  1.25% APY Min $1000 HSBC Direct  1.25% APY Min $1000 Ponce de Leon FSB  1.25% APY Min $1000 Astoria Federal Savings  1.25% APY Min $500 American Community Bank  1.25% APY Min $1000 Carver Federal Savings Bank  1.25% APY Min $2500 Bank of Smithtown  1.20% APY Min $2500 Suffolk County National Bank  1.16% APY Min $2500 Ameriprise Bank FSB  1.15% APY Min $2500 North Fork Bank  1.15% APY Min $500 Banco Popular  1.15% APY Min $10000 BankDirect  1.11% APY Min $10000 Flatbush Federal S&L  1.11% APY Min $500 E-LOAN.com  1.10% APY Min $10000 First National LI  1.10% APY Min $1000 Roslyn Savings Bank  1.10% APY Min $500 Citibank  1.01% APY Min $10000 New York National  1.01% APY Min $2500 Looking for CD Rates? Find the highest CD rates here. Search for the Top CD Interest Rates.