- 12-month CD: 1.26% APY
- 24-month CD: 1.76% APY
- 30-month CD: 2.02% APY
- 36-month CD: 2.27% APY
- 48-month CD: 2.42% APY
- 60-month CD: 2.88% APY
These CDs all have $10,000 minimums, but they are also available with $1000 minimums with an APY loss of 0.05%-0.10%.
American Airlines Credit Union is open to airline employees, airport employees, and TSA/FAA employees and other government employees dealing directly with air travel. American Airlines CU has over 40 locations around the country, including four in the New York City area: two at JFK Airport, one at LaGuardia Airport, and one at Newark Airport.
[Please note: This page is part of the New York CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
Maspeth Federal Savings has a competitive middle-term CD available: Their 1-year CD is yielding 1.25% APY. This CD has a minimum deposit of $1500. Maspeth’s slightly longer certificates are also relatively competitive: a 18-month CD yielding 1.35% APY, and their 2-year CD is returning 1.50% APY. The 18-month CD has a $1500 minimum, while the 2-year certificate has a $2500 minimum. All these CDs are also available as IRA CDs with the same minimums, but with one exception: The 18-month IRA CD is a “wild card” CD, which has a minimum of only $40 and can accept multiple deposits throughout the term.
Maspeth Federal Savings has six branches, all in New York: Forest Hills, Fresh Meadows, Maspeth, New Hyde Park, Rego Park, and Ridgewood.
Community Federal Savings Bank has a couple reasonable CDs in our current very low period for CD rates: their 2-year and 3-year CDs are yielding 1.70%. The CDs have a minimum deposit of $2500. They also have a 5-year CD that’s returning 2.50% APY with the same minimum, and a 16-month “senior CD” that’s yielding 1.30% APY.
Community Federal Savings Bank has two locations, both in Queens: 89-07 Jamaica Avenue in Woodhaven, and 216-24 Jamaica Avenue in Queens Village.
Greater Metro Credit Union has two of the higher-rate CDs that we’ve seen lately: Their 4-year CDs are yielding 3.05% APY, and their 5-year CDs are yielding 3.30% APY. These CDs have a minimum deposit of $500. Greater Metro CU also has a competitive rate on their money market — 0.75% APY from $500-$500, 1.00% APY from $5000-$50,000, and 1.25% APY for amounts $50,000 and above.
Membership in the Greater Metro Credit Union is available to a number of New York employers, including IBM, The Veteran’s Administration Hospital, The Interchurch Center, Visiting Nurse Service, The Population Council, and General Theological Seminary. Greater Metro CU has two branches: 31-10 37th Ave. in Long Island City, and 423 E. 23rd St. in Manhattan.
- 3-month CD: 1.46% APY
- 6-month CD: 1.66% APY
- 9-month CD: 1.71% APY
- 1-year CD: 2.02% APY
- 18-month CD: 2.12% APY
- 2-year CD: 2.38% APY
- 3-year CD: 2.48% APY
- 5-year CD: 3.15% APY
There’s no listed minimum on these CDs. Self Reliance seems to update their rates approximately quarterly, so these rates will probably change again in late December or early January. Self Reliance NY FCU also has a money market that yields 1.51% APY with a $2500 minimum deposit, and an amazingly high IRA account that returns 3.15% APY.
Membership in the Self Reliance New York Federal Credit Union is open to members of the Selfreliance Association of American Ukrainians, which is apparently open to those born in the Ukraine and those whose parents were born in the Ukraine. Self Reliance NY FCU has five branches, one each in Astoria, Kerhonkson, Lindenhurst, Manhattan, and Uniondale.
Ponce De Leon Bank has two respectable longer-term CDs available: Their 4-year CD is yielding 2.25% APY, and their 5-year CD is yielding 2.75% APY. The website doesn’t list the minimum deposit required on these CDs, unfortunately. Ponce De Leon Bank is also offering a relatively high-yield savings account — their Super Savers High Interest account is yielding 1.00% with a $10,000 minimum deposit. With a $500 deposit, that APY goes down to 0.55%.
Ponce De Leon has 11 branches in the New York City area, including five in the Bronx, two in Brooklyn, and one each in Astoria, East Harlem, Jackson Heights, and Union City, NJ.
Eastbank has two competitive CDs that are currently available: a 30-month CD that’s yielding 2.00% APY, and a 60-month CD that’s yielding 2.50% APY. The CDs have a minimum deposit of $2500 and a maximum deposit of $100,000. Eastbank’s 1-year (1.18% APY) and 2-year (1.75% APY) CDs have decent rates as well.
Eastbank has two locations: 183 Centre St. in Manhattan and 136-81 Roosevelt Ave. in Flushing (Queens).
- 3-year CD: 1.55% APY
- 4-year CD: 1.90% APY
- 5-year CD: 2.35% APY
- 7-year CD: 3.00% APY
According to the website, these rates are effective from September 1st. There is a minimum of only $500 to open these CDs.
Dime Savings Bank has 25 locations, located primarily in Brooklyn, Queens, Nassau, and the Bronx.
- 1-year at 1.51% APY
- 2-year at 1.76% APY
- 3-year at 2.27% APY
- 4-year at 2.52% APY
- 5-year at 3.03% APY
The minimum purchase on any of these certificates is $5000. IRA CDs are also available at the same rates with a minimum deposit of $4000.
Unlike most credit unions, Melrose Credit Union has an open charter, meaning that there are no geographic or group affiliation field of membership restrictions with regards to joining. Melrose CU has one location, on Queens Boulevard in Briarwood.