Best CD Rates New York

CD rates were expected to head higher later this year but it might be early next year before CD rates move higher. The reason being is the economy is starting to slow down and inflation still isn't a concern at this point for the fed to raise interest rates. Once the fed starts rasing interest rates CD rates will also head higher.

Looking for the best CD rates? Use our CD rate tables at CDRates.MonitorBankRates.com to find the best bank CD rates and credit union CD rates in your area.

 The current national average 12 month CD rate is 0.83 percent this morning. Although the national average 12 month CD rate is dismal, you can find 12 month CD rates a lot higher than the national average rate. We ran a search on our CD rates table and found Flagstar Bank and Sallie Mae Bank have the best 12 month CD rates on our rate table for NY.

Both banks are currently offering 12 month CD rates at 1.54 percent with an annual percentage yield of 1.55 percent.  Flagstar Bank has a minimum opening certificate of deposit account balance of $500. Sallie Mae Bank has a minimum opening deposit of $1.

Third on our list of the best CD rates in NY is Bank of Internet USA. Bank of Internet's current 12 month CD rate is 1.53 percent with an APY of 1.54 percent. The minimum opening CD account balance at Bank of Internet is $1,000.

Following is a list of the best 12 month CD rates above 1.00 percent in New York (NY).

Best CD Rates in New York (NY) - 12 Month CD Rates

• Flagstar Bank CD Rate 1.54 APY 1.55% Min $500 
• Sallie Mae CD Rates 1.54 APY 1.55% Min $ 1 
• Bank of Internet USA CD Interest Rate 1.53% APY 1.54% Min $1000 
• Discover Bank CD Rate 1.49% APY 1.50% Min $2500 
• American Express Bank CD Rate 1.49% APY 1.50% Min $ 0 
• AIG Bank CD Interest Rates 1.48% APY 1.49% Min $2500 
• Ally Bank CD Rates 1.47% APY 1.48% Min $ 1 
• Giantbank.com CD Rate 1.45% APY 1.46% Min $2500 
• Tennessee Commerce Bank CD Rates 1.44% APY 1.45% Min $2500 
• Nationwide Bank CD Rate 1.44% APY 1.45%  Min $10000 
• Maspeth Federal S&L CD Rate 1.34% APY 1.35% Min $1500 
• Pentagon Federal Credit Union CD Rate 1.30% APY 1.31% Min $1000 
• Marathon National Bank CD Rate 1.29% APY 1.30% Min $1000 
• Eastbank Banks CD Rate 1.29% APY 1.30% Min $2500 
• ING DIRECT CD Rate 1.24% APY 1.25% Min $ 1 
• Broadway National Bank CD Rates 1.24% APY 1.25% Min $500 
• American Community Bank CD Rates 1.24% APY 1.25% Min $1000 
• Cross County Federal Savings CD Rates 1.24% APY 1.25% Min $500 
• EverBank CD Rate 1.20% APY 1.21% Min $1500 
• Bridgehampton National Bank CD Rates 1.20% APY 1.21% Min $1000 
• Intervest National Bank CD Rate 1.19% APY 1.20% Min $2500 
• BankDirect CD Rate 1.10% APY1.11% Min $10000 
• Ponce de Leon FSB CD Rate 1.09% APY 1.10% Min $1000 
• Community Fed Svngs Bank CD Rates 1.09% APY 1.10% Min $500 
• State Bank Long Island CD Rates 1.09% APY 1.10% Min $2500 
• Brooklyn FSB CD Rates 1.04% APY 1.05% Min $1000 
• HSBC Advance CD Rate 1.01% APY 1.01% Min $1000 
• Suffolk County National Bank CD Rate 1.01% APY 1.01% Min $2500 

Find the best interest rates at MonitorBankRates.com.