Popular Posts

Best CD Rates in New York City are Being Offered by Small Credit Unions

POSTED ON BY

In the last few years I've reported on four small New York City credit unions that have always offered very competitive CD rates. I'm not sure how they've been able to maintain the high rates. Perhaps there's competition between them. They don't make it easy to join. If you're looking for top CD rates in NYC, hopefully you'll be able to join at least one of these.

There used to be two small NYC banks that had a history of top CD rates. These were LibertyPointe Bank and The Park Avenue Bank. Both were closed by regulators in March, and the FDIC arranged for Valley National Bank to acquire these banks. Valley National Bank has offered some good CD rates in the past especially when they open new branches, but they haven't been as competitive as these credit unions. So if you were a former customer of these two banks, you may want to consider these credit unions.

I've listed the four credit unions and some of the most competitive CDs being offered as of 4/05/2010. I also include links to the credit union and to my latest review.

There's actually another NYC credit union that also has a long history of competitive CD rates. It's Melrose Credit Union, and unlike the above ones, you can join Melrose by mail from any state. Melrose is located in Briarwood which is in Queens. I've been posting on Melrose CD rates for the last several years. My last post on Melrose was in late March.

Have you joined any of these credit unions? And do you know of other New York City credit unions which have a history of top CD rates?

Related Pages: CD rates

Related Posts



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.