Geddes Federal S&L (NY) Adds 63-Month CD


Deal Summary: 63-month CD, 3.00% APY, $500 minimum deposit

Availability: Market area is within 150 miles of Syracuse, New York.

As of this writing, there are 19 banks/credit unions offering 5-year CDs with APYs of 3.00% and above. One of the newest members of the ”3 for 5 Club” is Geddes Federal Savings and Loan Association (Geddes Federal), which added a 63-month CD (3.00% APY) last week. Part of the “Grow Your Gold at Geddes Federal” CD promotions, the 63-month requires a minimum deposit of $500, with no stated balance cap.

According to CSR, CDs with terms of 13 months or greater have an Early Withdrawal Penalty of six months interest on the amount being withdrawn.


Headquartered in Syracuse, New York, Geddes Federal Savings and Loan Association offers deposit accounts to “consumers residing or businesses that are located within 150 miles of our Syracuse location.” That includes an area that spans from Buffalo to Albany.

While Geddes Federal’s checking and savings accounts can be opened online, opening a CD must be done at in-branch, at either of the two New York branches, located in Syracuse (Westvale Plaza) and Manlius (Limestone Commons Plaza).

Bank Overview

Geddes Federal Savings and Loan Association has an overall health grade of "A" at, with a Texas Ratio of 2.65% (excellent) based on December 31, 2017 data. Geddes Federal has an excellent capitalization level (16.24%), the result of holding $525.88 million in assets with $85.39 million in equity. Please refer to our financial overview of Geddes Federal Savings and Loan Association (FDIC Certificate # 30397) for more details.

Originally established in 1948, the locally-owned and managed Geddes Federal Savings and Loan Association was recently recognized by the Independent Community Bankers Association as its “Best Overall-Top Loan Producer” in the nation. According to a recent press release,

Geddes Federal is the community bank with the highest percentage of overall loans by dollar value to total assets compared to (ICBA) member community banks from across the country.

How the CD Compares

When compared to the 209 similar length of term CDs tracked by, requiring a similar minimum deposit and available within the market area, Geddes Federal Savings and Loan Association’s 63-Month CD APY currently shares the top spot with four nationally available CD APYs.

The above rates are accurate as of 3/12/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Syracuse CD rates, 5-year CD rates

Top Rates for CDs, IRAs and Money Market Account at Geddes Federal Savings in NY - Local Only

Geddes Federal Savings and Loan Association is offering some competitive CDs and IRA CDs. The best regular CD has a 2.25% APY for a 25-month term. Other competitive ones include a 2.15% APY 20-month CD and a 1.70% APY 13-month CD. Rates are much higher for IRA CDs. All terms from 12 months to 60 months have rates that are 50 basis points higher than the regular CD rates. These include a 2.20% APY for 13 months and 2.75% APY for 25 months. Minimum deposit is $500.

Another noteworthy deposit account...

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