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CD rates in New York have been low lately, but don't get discouraged. Some institutions are posting yields well above the national average. If you would like to keep your investment close to home, it's still possible to find decent CD rates in Long Island, NY.
Yields are mostly unchanged this week. With the economy unpredictable, it's vital to shop around for the best CD rates. Certificates of deposit are generally low-risk investments, but consider a CD ladder to take advantage of higher yields that may show up in the future. To find the best CD rates in Long Island, NY, check out research from Bankrate.com.
CD rates in Long Island, NY
Here are the 6-month CD rates as of 11:30 a.m. in Long Island, NY.
| Institution | APY | Min Deposit |
| Ally | 1% | $0 |
| State Bank of Long Island | 0.50% | $2,500 |
| Citibank | 0.25% | $500 |
| Chase Bank | 0.20% | $1,000 |
| HSBC Bank, USA, N.A. | 0.10% | $1,000 |
| Bank of America | 0.05% | $1,000 |
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