Wallkill Valley Federal Savings & Loan Has Top Rate 24-month CD

For the first time in about a year, Wallkill Valley Federal Savings and Loan Association (New York State) raised the rate on its 24-month CD (2.015% APY). The minimum opening deposit is $2.5K, with no maximum balance cap. According to CSR, the Early Withdrawal Penalty is six months of interest.

As always, a heartfelt thank you to DA member, PearlBrown, for her sharp eye!

Availability

Headquartered in Wallkill, Wallkill Valley Federal Savings and Loan Association (Wallkill Valley S&L) offers its services and product line to all residents of New York's Hudson Valley, from Highland Falls to Milton.

As Wallkill Valley S&L’s online banking platform is limited to account management and bill payments, opening an account at Wallkill Valley must be done with an in-person branch visit to any of three branches located in Wallkill, Highland Falls, and Milton.

Credit Union Overview

Wallkill Valley Federal Savings and Loan Association has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 15.60% (above average), based on September 30, 2014 data. In the past year, Wallkill Valley S&L has increased its total deposits by $2.68 Million, an above average annual growth rate of 2.13%. Please refer to our financial overview of Wallkill Valley Federal Savings and Loan Association for more details.

Organized in 1913, Wallkill Valley Federal Savings and Loan Association’s stated goals were "to promote thrift and homeownership within the local community." Wallkill Valley S&L (FDIC Certificate # 28870) operated under a State Charter until 1935 when a Federal Charter was granted. Just 2 years shy of its 100th anniversary, Wallkill Valley S&L opened its first full-service branch outside of Wallkill. Today, Wallkill Valley S&L hold assets in excess of $170 Million, with three branches in the 12th most populated county in New York state.

And just in case you were wondering, Wallkill derives its name, in part, from the Dutch word "kille," which means "watercourse." A variety of American place names, such as Peekskills, Catskills, and Schuykill, are related to a nearby body of water.

How the CD Compares

When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available to New York state residents, Wallkill Valley S&L's 24-month CD has little competition.

The above rates are accurate as of 2/20/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.