Geddes Federal Savings in NY Offers Top Rates on Accounts

Some of the most competitive rates on CDs and IRA CDs can be found at New York’s Geddes Federal Savings and Loan Association. Customers can expect a 2.25% APY on a regular CD for a 25-month certificate. Here is the breakdown of other terms and rates as well:

• 20-month term CD at 2.15% APY
• 13-month term CD at 1.70% APY

If you choose an IRA CD instead of a traditional CD, here is what you can expect:

• 13-month IRA CD at 2.20% APY
• 25-month IRA CD at 2.75% APY

To qualify for these rates, customers must have a minimum deposit of $500. In addition, the accounts are only open to residents or businesses that are located within 150 miles of the Syracuse, New York location of the bank. As a result, it may include Albany, but New York City residents and businesses are just outside the parameters of this offer.

Another interesting thing to note is that this bank is offering 2.00% APY for accounts with at least $50,000. Unfortunately, these accounts are only paying 1.00% APY for balances that are between $1,000 and $50,000.

Geddes Federal Savings and Loan Association has been a member of the FDIC since 1949.