Best CD Rates Albany NY

Search and compare the best CD rates in Albany NY with nationwide CD rates to secure the highest rate of return available. Competitive, high yielding CD rates are available across a wide spectrum of certificate terms or maturities. Banks serving Albany and the surrounding region offer CDs ranging from one month to 60 months with an assortment of terms in between.

With a CD from the local and regional banks serving Albany and the greater Albany area, consumers can obtain the savings products that best matches their needs and budget. By getting the right certificate of deposit account, account holders can earn higher market interest rates virtually risk free.

The three month and six month CD rates in Albany are popular account choices for consumers looking to park short term funds in a secure account with a high yield. The one year CD rates, 18 month CD rates, and two year CD rates in Albany are multi-purpose accounts that are often used for intermediate savings projects new savings plans, and investment diversification. The Albany CD rates available on long term accounts such as the five year CDs are frequently used for retirement accounts, long term savings objectives, and diversification.

Consumers in the region can select from a variety of flexible terms and rates that best meet your savings goals. Savers and investors that open multiple CD accounts is also a common tactic to maintain a definite level of liquidity and capture a high rate of return.

Along with standard bank CDs, banks marketing certificate of deposit accounts throughout the east central part of New York offer specialty CD accounts, jumbo CDs, and IRA CDs. Specialty CD accounts often include liquid or no penalty CDs, bump up CDs, rising rate CDs, and CDs with other distinctive features. The IRA CD rates and jumbo CD rates in Albany remain competitive with the market as a whole.

All bank CDs are from FDIC insured banks. Bank CDs in the region can be opened with as little as $500.00. Interest on the accounts is compounded regularly. The CD interest earned will be credited to the account based on the CD terms.

Local CD Rates
Bank CD Rate CD Term Min $ Open
Transportation Alliance Bank
www.tabbank.com
800-837-4214
0.95% 3 Month $1,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
0.90% 3 Month $1,000.00
Goldwater Bank CD Rates
www.goldwaterbank.com
480-281-8200
0.86% 3 Month $5,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.15% 6 Month $1,000.00
Virtual Bank CD Rates
www.virtualbank.com
877-998-2265
1.11% 6 Month $10,000.00
Goldwater Bank CD Rates
www.goldwaterbank.com
480-281-8200
1.05% 6 Month $5,000.00
CD Bank
www.cdbank.com
888-201-8185
1.20% 9 Month $1.00
Virtual Bank CD Rates
www.virtualbank.com
877-998-2265
1.16% 9 Month $10,000.00
IncredibleBank
www.incrediblebank.com
877-261-4750
1.10% 9 Month $10,000.00
M.Y. Safra Bank CD Rates
www.mysafra.com
855-697-2372
1.48% 1 Year $5,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.47% 1 Year $1,000.00
Virtual Bank CD Rates
www.virtualbank.com
877-998-2265
1.46% 1 Year $10,000.00
NewDominion Bank
www.newdominionbank.com
800-592-6248
1.75% 2 Year $3,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.71% 2 Year $1,000.00
Popular Direct
www.populardirect.com
800-274-5696
1.70% 2 Year $10,000.00
Synchrony Bank CD Rates
www.synchronybank.com
866-226-5638
2.35% 5 Year $25,000.00
Popular Direct
www.populardirect.com
800-274-5696
2.35% 5 Year $10,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
2.27% 5 Year $1,000.00
Current CD interest rates and annual percentage yield are subject to change. The annual percentage yields listed assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. A penalty may be imposed for early withdrawal as disclosed on the individual bank certificate of deposit account agreements.

The bank rate information presented is believed to be reliable, but may have changed since this publication date, the information is not guaranteed. Other terms and conditions may apply. Contact the banks directly for the most update and accurate information regarding the bank rates and account information.

The bank and bank rate information is believed to be reliable, but the information is not guaranteed.

CD interest rates endured a minor dip for the week ending December 2, 2011.  The average CD interest rate as measured by the Selectcdrates.com weekly CD rate index turned lower by less than half of one basis point for the week.  A one basis point change is equal to 1/100th of a percent.  The Selectcdrates.com
Interest rates moved higher during the first week of February on the heels of a stronger than expected monthly jobs report.  The rise in rates however, did not carry over to bank savings products and the top CD rates in the nation lost ground this past week.  Declining yields were not displayed in all terms or
CD interest rates took a mild slide for the week ending August 31, 2012.  The average CD rate in the Selectcdrates.com CD rate index dipped lower by a mere 3/1000ths of a percent.  The CD rate index, which measures the average rate found on the top ten best three months CD rates, six month CD