Image Courtesy: pixabay.com
Image Courtesy: pixabay.com
You are viewing rates from banks across New York
Below are the best three-month CD Rates from banks in New York. Three-month CD rates are generally the shortest term offered by banks and come with the lowest interest rates. You may want to consider opening a 3-month CD if they the rates are comparable to a savings and money market account, you don’t need the money for the time period, and you feel that savings rates will drop.
NY - December 15, 2024
CD National Average : 2.23% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.60% |
$25,000 |
- |
Learn More
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Rate History: 4.45% → 4.55% → 4.55% → 4.50% → 4.60% |
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Frank M | Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More |
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4.50% |
$500 |
- |
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SadSack | Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More |
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4.50% |
$1,000 |
- |
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Rate History: 1.00% → 5.10% → 4.60% → 4.50% |
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Dkplan | Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More |
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4.07% |
$10,000 |
- |
Learn More
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Rate History: 4.75% → 5.12% → 4.59% → 4.33% → 4.07% |
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4.00% 3.50% |
$100,000 $10,000 |
- |
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Rate History: 2.00% → 4.75% → 4.50% → 4.00% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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4.00% |
$500 |
- |
Learn More
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4.00% |
$500 |
- |
Learn More
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Rate History: 4.75% → 3.50% → 4.00% |
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Douglas H | Feb 5, 2020 The employees of this bank are helpful but the bank's systems and procedures for obtaining your account information STINK. If you want a bank that provides you quarterly (or even annual) statements by mai... Read More |
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4.00% |
$2,500 |
- |
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3.75% |
$250 |
- |
Learn More
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Rate History: 1.00% → 3.75% |
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3.50% |
$1,000 |
- |
Learn More
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3.25% |
$500 |
- |
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Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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2.75% |
$500 |
- |
Learn More
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Rate History: 3.00% → 2.75% |
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Jabbroadway42 | Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More |
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2.50% |
$500 |
- |
Learn More
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Rate History: 0.20% → 0.45% → 2.50% |
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2.00% |
$0 |
- |
Learn More
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Rate History: 1.00% → 2.00% |
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Richard | Jul 1, 2022 Very easy opening process and wonderful staff. Read More |
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2.00% |
$500 |
- |
Learn More
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Rate History: 2.45% → 2.40% → 2.00% |
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2.00% |
$25,000 |
- |
Learn More
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Rate History: 0.50% → 2.50% → 4.50% → 2.50% → 2.00% |
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Thy King | Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More |
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1.50% |
$1,000 |
- |
Learn More
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Mandy | May 8, 2021 Location: 5069 N. Broadway Chicago IL 60640 Read More |
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1.46% |
$1,000 |
- |
Learn More
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1.00% |
$2,500 |
- |
Learn More
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0.75% |
$0 |
- |
Learn More
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Rate History: 1.00% → 0.75% |
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0.35% |
$2,500 |
- |
Learn More
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Rate History: 1.00% → 0.20% → 0.25% → 0.30% → 0.35% |
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Zflash4000 | Oct 1, 2017 Will play games with your account. changing posting dates and times. Will hold direct deposit so you overdraft your account. Read More |
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0.25% |
$500 |
- |
Learn More
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0.15% |
$1,000 |
- |
Learn More
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Rate History: 1.00% → 0.15% |
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0.10% |
$1,000 |
- |
Learn More
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Rate History: 1.00% → 0.10% |
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Ed | Jan 5, 2018 BEWARE of their Home Equity Loan practices. Towards the end of the process, after you've complied with all their requests and are on the hook for lots of fees if you cancel, they demand that all of your cr... Read More |
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0.05% |
$0 |
- |
Learn More
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Azoic | Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More |
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0.05% |
$500 |
- |
Learn More
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Ugg | Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More |
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0.03% |
$25,000 |
- |
Learn More
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GAM | May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More |
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0.03% |
$1,000 |
- |
Learn More
|
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Rate History: 1.00% → 0.03% |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
3 Month Certificates of Deposit offered by local banks are often the shortest term offered. Three month certificates of deposit rates underperform the returns on savings and money market accounts and have for some time. As a result, savers may find savings and money market accounts to offer a higher yield and more flexibility than a three year CD.
Any certificate of deposit will bear substantial penalties for early withdrawal, if it is even allowed. As a result of the penalty, depositors who might need to withdraw from short term CDs early will ordinary lose some of their principal. Under no circumstances should depositors open a 3 month CD if they think that there is any chance that they will need to access the money in less than 3 months.
While online banks often offer better rates on short term CDs, local banks are provide the convenience of walking into a branch to open a CD, deposit funds, or withdraw the CD when it matures. In addition, a CD is often an entree into a broader relationship with a financial institution which may become important if the depositor wishes to borrow money.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
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