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New York Deposit Provider Listing

Best CD Rates - New York Banks Certificiate of Deposit Rates

ERATE® provides this page to help consumers locate local financial institutions offering Depost/Savings accounts in New York. Our goal is to provide an extensive network of sources that offer ways for you to protect, save and grow your assets throughout the New York area. We are not responsible for the performance of these financial institutions. Whenever selecting a bank, credit union or other source be sure to do your own due diligence.

Current Certificate of Deposit rates in New York

Deposit Provider Companies
Bank of the West "CDs are a key part of a diversified portfolio. CDs offer a predictable return in exchange for holding your deposit for a fixed time period." (from https://www.bankofthewest.com/personal-banking/savings-accounts/cd.html) 787 7th Avenue New York, NY 10019 Toll Free: 1-844-777-2689
Cathay Bank "...a safe investment with a fixed interest rate through maturity." New York-Chinatown Branch 45 East Broadway New York, NY 10002 Toll Free: 1-800-9CATHAY Soho Branch 129 Lafayette Street New York, NY 10013 Toll Free: 1-800-9CATHAY Midtown Branch 235 5th Ave New York, NY 10016 Toll Free: 1-800-9CATHAY View More Branches Located in New York
Citibank "Certificates of Deposit" "Earn a Guaranteed Rate" (from https://online.citi.com/US/banking/cd-ira/citi.action?ID=certificates-of-deposit) 100 William St. Branch 100 William St. New York, NY 10038 Toll Free: 1-800-374-9700 1107 Broadway Branch 1107 Broadway New York City, NY 10010 Toll Free: 1-800-374-9700 111 Wall Street Branch 111 Wall Street New York City, NY 10005 Toll Free: 1-800-374-9700 View More Branches Located in New York
East West Bank "A CD from East West Bank is a term deposit account that offers a higher rate of interest than a regular savings account." Canal Branch 208 Canal Street New York, NY 10013 Toll Free: 1-888-895-5650 77 Bowery Branch 77 Bowery New York, NY 10002 Toll Free: 1-888-895-5650
First Republic Bank "Choose from liquid or traditional Certificates of Deposit to secure your funds with higher interest." 6th Avenue Branch 442 6th Ave. New York, NY 10011 Toll Free: 1-888-408-0288 Park Avenue South Branch 443 Park Avenue South New York, NY 10016 Toll Free: 1-888-408-0288 Time Warner Branch 10 Columbus Circle New York, NY 10019 Toll Free: 1-888-408-0288 View More Branches Located in New York
KeyBank "A KeyBank CD can help fast track your path to financial wellness." 11 East 22nd Street Branch 11 East 22nd Street New York, NY Toll Free: 1-800-KEY2YOU
TD Bank "Money grows here. Our accounts can help you reach your savings goal." 109th And Broadway Branch 2831 Broadway New York, NY 10025 Toll Free: 1-800-937-5020 117th & 3rd Branch 2144 Third Ave New York, NY 10035 Toll Free: 1-800-937-5020 124th And Lenox 100 West 125th Street New York, NY 10027 Toll Free: 1-800-937-5020 View More Branches Located in New York TD Bank in the News TD Bank Sued for Overdraft Charges for Uber, Lyft Services

Deposits come in various forms depending on one's amount willing to deposit, and length of time willing to invest.

Often, the hardest part of deciding on and purchasing investment options is understanding the process and the terms. It's no different with CDs. Here, we present a glossary of the CD vocabulary to better explain the product and its advantages and disadvantages.

• Liquidity: In a savings or checking account, your funds are liquid. This means that you can withdraw as needed without penalties. In a CD, you are placing a certain amount of money in a locked fund. It is not liquid, meaning you cannot withdraw funds without penalty.
• Term: CDs are defined by the amount of time funds are locked, called terms. CDs are available in many different terms, usually ranging from three months to five years. Over the term your funds accrue interest and are not available for withdrawal without penalties. (continued here)

Current CD Rates in NY

New York, NY is a bustling city that is widely regarded as the financial capital of the world. Its economy is primarily driven by the finance, healthcare, and technology industries. The city's financial infrastructure is a vital component of its economic success.

New York is home to several major banks, including JPMorgan Chase, Bank of America, Citibank, and Wells Fargo. These banks offer a range of financial products and services, including checking and savings accounts, loans, and investment products. One of the most popular investment products offered by banks is the Certificate of Deposit or CD, which provides a fixed rate of return for a specific term.

CDs are a low-risk investment vehicle that provides a guaranteed return on investment. They are an excellent option for individuals who want to save for the future without taking on the risks associated with other types of investments. CDs are available in varying terms, ranging from 3 months to 5 years, and offer higher interest rates than traditional savings accounts.

In addition to major banks, New York is also home to several credit unions, including Bethpage Federal Credit Union, Melrose Credit Union, and Municipal Credit Union. These credit unions offer similar services to banks, including checking and savings accounts, loans, and investment products. They also offer CDs, providing residents with a range of investment options to meet their unique financial needs.

New York is a financial hub that is home to the New York Stock Exchange and the Federal Reserve Bank of New York. The city's financial institutions play a crucial role in the global economy, providing funding for businesses and individuals from all over the world. The city's financial infrastructure has a significant impact on its economic success, and it is widely regarded as the global center of finance.

Overall, New York's economy is primarily driven by the finance, healthcare, and technology industries. The city's financial institutions, including JPMorgan Chase, Bank of America, Citibank, Wells Fargo, Bethpage Federal Credit Union, Melrose Credit Union, and Municipal Credit Union, offer a range of financial products and services, including CDs, making it easy for residents to save for the future and achieve their financial goals. New York's importance as a financial hub cannot be overstated, and its financial infrastructure plays a critical role in its economic success.

Current CD Rates in NY

Banks in New York City offer a range of Certificate of Deposit (CD) rates, providing customers with various options for short-term and long-term savings. These financial institutions often feature competitive interest rates, allowing savers to earn higher returns compared to regular savings accounts. Additionally, New York City banks frequently offer promotional rates and tiered interest structures based on the deposit amount and term length, catering to diverse financial goals and investment strategies.