New York CD Interest Rates for Consumers with Good, Best, & Great Credit Scores

If you are in the market for a certificate of deposit (CD) account, you have come to the right place. Here at AdvisoryHQ, we know the importance of smart research and savings. Let us help you find some of the best CD rates available in NYC and other cities across NY state.

As of today, 5-year CD rates in NY range between 2.20% and 2.50%. Depending on the type of CD you are interested in (1-year, 3-year, 6-month, etc.) and the provider, your offered CD rate will be slightly different, stressing the importance of shopping around for the best CD rates and terms.

List of Available Certificates of Deposit in New York

Below are the types of NY CDs you can invest money in:

  • 1-year CD
  • 1-month CD
  • 3-month CD
  • 6-month CD
  • 9-month CD
  • 1-year jumbo CD
  • 2-year CD
  • 3-year CD
  • 5-year CD
  • 5-year jumbo CD

best cd rates in ny


Should You Consider ONLY NY CDs?

Something to note is that some online banks and financial institutions might offer CD rates that are slightly higher than those that are offered by banks in NY.

As such, you don’t necessarily need to limit yourself to just financial institutions in NYC, or across New York state. 

Longer-Term NY CDs Offer the Highest Rates

Something else to note is that the longer-term 2-year, 3-year, and 5-year CDs offer the best CD rates in NY. Banks are willing to offer higher rates for these longer-term CDs because they have a longer time to utilize the money you keep in your CD account, and make more money from it.

High Yield Savings Accounts vs Best CD Rates in NY

In addition to searching for banks or credit unions with the highest cd rates in NY, you might want to also consider high-yield savings accounts which might offer a much higher rate.

Click here for additional information: Best Savings & Money Market Account (MMA) Rates.


Keep in mind that, in most cases, you won’t be able to withdraw funds from a CD until the account has matured, which may cause a problem for consumers that want liquidity.

At the same time, however, a CD is an ideal option for those who struggle with depleting their savings accounts before they have a chance to grow it.

Consider your financial goals, your current savings plan, and the best CD rates in NY, or across the nation, to determine whether investing in a CD is the right decision for you.

CD, Savings and MMA Rate Table Disclaimer

Click here to read AdvisoryHQ’s disclaimer on the rate table(s) displayed on this page.

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AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.