Investing Blog

Finance Blogs » Investing » CD rates in New York City, N.Y.

CD rates in New York City, N.Y.

By Lisa Weinberger · Bankrate.com
Thursday, June 3, 2010
Posted: 3 pm ET

Due to low CD rates across the country, many investors have turned to other fixed-income investments. But if you're shopping for CD rates in New York City, NY, our research can help.

They may not currently be posting very investment-worthy yields, but CDs are still safe investments – they are insured by the FDIC up to $250,000 per depositor. Instead of investing in only one CD, build a CD ladder to bring in some liquidity and to hedge the risk of rate hikes. Search for decent CD rates in New York City, NY, and in cities across the nation to find the best CD rates.

CD rates in New York City, New York

Here are the 6-month CD rates in New York City, NY, as of 10:00 a.m.

Institution APY Min Deposit
Ally 0.84% $0
Queens County Svgs Bk 0.5% $2,500
Astoria Federal S&LA 0.15% $500
Chase Bank 0.15% $1,000
Citibank 0.15% $500
HSBC Bank USA, N.A 0.1% $1,000
Bank of America 0.05% $1,000
Sovereign Bank 0.05% $500
Wells Fargo 0.05% $2,500

Follow our CD rates daily on Twitter.

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.