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Long Island Banking Rates » CD Rates » Long Island, NY CD Rates and Interest Income Investments

Long Island, NY CD Rates and Interest Income Investments

In Long Island, NY there are lots of ways to invest in the future.  One of the safest investments is a Certificate of Deposit, or CD.

What is a CD?

A CD is a timed account, usually lasting anywhere from 6 months to 10 years. CDs are a very safe banking option and are FDIC insured just like your saving and checking accounts. They usually have a higher interest rate than a typical savings account because of the fixed term.  They offer a higher interest rate because the deposit isn’t supposed to be accessed until the end of the term agreement.

What Else Do I Need To Know?

The biggest problem with a Certificate of Deposit is the potential fees assessed if you have to access your money before the term is over. In some cases they are minimal, but if you aren’t financially secure, than a typical savings account may be a better option.

Open a CD Today

In Long Island, NY there are numerous banks with high interest CDs. In general, smaller banks and credit unions are able to offer higher interest rates than major financial institutions. Long Island Banking Rates is here to help you sort through the data and find you the best rates for CDs.

 

Best Long Island Banking Rates

Featured Rate
Ally Bank Open Account with Ally Bank
1.15%
Date: Feb 6, 2012
2-Year CD Rate
View Rate Details
Highest Rates Recent Rate Changes
Suma Yonkers Credit Union 2 Year CD Account
1.67%
Date: Feb 1, 2012
Progressive Credit Union 2 Year CD Account
1.66%
Date: Mar 16, 2011
Island Federal Credit Union 2 Year CD Account
1.55%
Date: Mar 16, 2011
Personal Care America Credit Union 2 Year CD Account
1.51%
Date: Jan 26, 2012
Merck Employees Federal Credit Union Savings Account
1.51%
Date: Jan 23, 2012
Lomto Credit Union 2 Year CD Account
1.50%
Date: Jan 31, 2012
Nassau Educators Credit Union 6 Month CD Account
0.75% to
0.65%
Date: Feb 3, 2012
Nassau Educators Credit Union Savings Account
0.55% to
0.50%
Date: Feb 3, 2012
Intervest National Bank 2 Year CD Account
0.96% to
0.81%
Date: Feb 2, 2012
Intervest National Bank 12 Month CD Account
0.70% to
0.55%
Date: Feb 2, 2012
Intervest National Bank 6 Month CD Account
0.50% to
0.35%
Date: Feb 2, 2012
Clifton Savings Bank Savings Account
0.50% to
0.40%
Date: Jan 25, 2012
See All Banking Rates
 

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