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CD Early Withdrawal Survey: New York

CD Rates » CD Penalty Chart » New York

Bankrate.com's 2015 CD Early Withdrawal Penalty Survey collected data in New York and other cities for 5 of the most common CD maturities being sold today. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity using the survey data we collected in October of this year.

Compare New York CD rates

New York

TermInstitutionMinimum depositYieldPenalty for early withdrawalReduction in principal if accrued and unpaid interest is less than the penalty?Grace period on automatically renewable CDsAre early withdrawal penalties the same for retirement CDs?
3-monthApple Bank for Savings$1,0000.05%$50, plus 1% of amount withdrawnYes5 daysYes
3-monthAstoria Bank$5000.05%90 days' interestYes7 daysYes
3-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysNot offered
3-monthChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
3-monthCitibank$5000.05%90 days' interest on amount withdrawnYes7 daysYes
3-monthHSBC$1,0000.01%30 days' simple interest on the amount withdrawnYes10 daysYes
3-monthHudson City Savings Bank$5000.2%3 months' interestYes10 daysYes
3-monthInvestors Bank$5000.2%90 days' interestYes7 daysNot offered
3-monthQueens County Savings Bank (a part of New York Community Bank)$2,5000.15%1 month of interestYesNot renewableYes
3-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
6-monthApple Bank for Savings$1,0000.05%$50, plus 1% of amount withdrawnYes5 daysYes
6-monthAstoria Bank$5000.05%90 days' interestYes7 daysYes
6-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysYes
6-monthChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
6-monthCitibank$5000.07%90 days' interest on amount withdrawnYes7 daysYes
6-monthHSBC$1,0000.01%30 days' simple interestYes10 daysYes
6-monthHudson City Savings Bank$5000.3%3 months' interestYes10 daysYes
6-monthInvestors Bank$5000.2%90 days' interestYes7 daysYes
6-monthQueens County Savings Bank (a part of New York Community Bank)$2,5000.1%3 months' interestYesNot renewableYes
6-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
1-yearApple Bank for Savings$1,0000.75%$50, plus 3% of amount withdrawnYes5 daysYes
1-yearAstoria Bank$5000.1%90 days' interestYes7 daysYes
1-yearBank of America$1,0000.05%180 days' interest on the amount withdrawnYes7 daysYes
1-yearChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
1-yearCitibank$5000.15%180 days' interest on amount withdrawnYes7 daysYes
1-yearHSBC$1,0000.01%30 days' simple interestYes10 daysYes
1-yearHudson City Savings Bank$5000.5%6 months' interestYes10 daysYes
1-yearInvestors Bank$5000.25%180 days' interestYes7 daysYes
1-yearQueens County Savings Bank (a part of New York Community Bank)$5000.4%3 months' interestYesNot renewableYes
1-yearWells Fargo Bank$2,5000.05%3 months' interest, minimum $25Yes7 daysYes
2-yearApple Bank for Savings$1,0001.1%$50, plus 3% of amount withdrawnYes5 daysYes
2-yearAstoria Bank$5000.45%180 days' interestYes7 daysYes
2-yearBank of America$1,0000.1%180 days' interest on the amount withdrawnYes7 daysYes
2-yearChase Bank$1,0000.05%2% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
2-yearCitibank, NA$5000.25%180 days' interest on the amount withdrawnYes7 daysYes
2-yearHSBC$1,0000.1%180 days' simple interestYes10 daysYes
2-yearHudson City Savings Bank$5001.15%6 months' interestYes10 daysYes
2-yearInvestors Bank$5000.45%12 months' interestYes7 daysYes
2-yearQueens County Savings Bank (a part of New York Community Bank)$5000.75%6 months' interestYesNot renewableYes
2-yearWells Fargo Bank$2,5000.15%6 months' interest, minimum $25Yes7 daysYes
5-yearApple Bank for Savings$1,0001.25%$50, plus 3% of amount withdrawnYes5 daysYes
5-yearAstoria Bank$5001.25%360 days' interestYes7 daysYes
5-yearBank of America$1,0000.15%365 days' interest on the amount withdrawnYes7 daysYes
5-yearChase Bank$1,0000.25%2% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
5-yearCitibank, NA$5000.5%180 days' interest on the amount withdrawnYes7 daysYes
5-yearHSBC$1,0000.15%180 days' simple interestYes10 daysYes
5-yearHudson City Savings Bank$5002%6 months' interestYes10 daysYes
5-yearInvestors Bank$5001%12 months' interestYes7 daysYes
5-yearQueens County Savings Bank (a part of New York Community Bank)$5001.25%12 months' interestYesNot renewableYes
5-yearWells Fargo Bank$2,5000.35%12 months' interest, minimum $25Yes7 daysYes

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets Oct. 1-13, 2015. Included were the top 5 banks and the top 5 thrifts by deposit size in each market. The top 5 credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

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