The Fed is doing a good job of keeping rates low. Currently, the national average for one-year CD rates is at 0.3 percent. It’s a very good thing that some credit unions and online banks are offering better-than-average yields. Check out our list of institutions to find the best CD rates in Long Island, NY, and in other areas of New York.
Traditional certificates of deposit are safe bets. They are insured up to $250,000 per depositor per bank. But keep in mind that they aren’t quite liquid investments. Most institutions have stiff penalties for withdrawing your money early. Use our offers to find CD rates in Long Island, NY.