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
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.35% 3 Month $25,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.21% 3 Month $1,000.00
Transportation Alliance Bank
www.tabbank.com
800-837-4214
0.95% 3 Month $1,000.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.50% 6 Month $25,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.37% 6 Month $1,000.00
Nationwide Bank CD Rates
www.nationwide.com
877-422-6569
1.20% 6 Month $500.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.55% 9 Month $25,000.00
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
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.70% 1 Year $25,000.00
BankDirect CD Rates
www.bankdirect.com
877-839-2737
1.60% 1 Year $10,000.00
Popular Direct
www.populardirect.com
800-274-5696
1.55% 1 Year $10,000.00
Crestmark Bank CD Rates
www.crestmark.com
855-267-6445
1.85% 2 Year $25,000.00
TIAA Direct CD Rates
www.tiaadirect.com
855-842-2372
1.81% 2 Year $1,000.00
First Internet Bank CD Rates
www.firstib.com
888-873-3424
1.81% 2 Year $1,000.00
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
TIAA Direct CD Rates
www.tiaadirect.com
855-842-2372
2.30% 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.

As the markets absorb the new Fed policy to buy long term bonds, referred to as operation Twist, certificate of deposit rates continue to press on to lower levels.  This week, CD interest rates reacted to the Fed’s desire to drive long term rates lower with CD rates experiencing yet another down week.  Unfortunately, it
The best CD rates available nationally were lower by a fraction for the week ending January 16, 2015 based on the most recent survey of bank rates conducted by SelectCDrates.com.  Of course, thanks to the uncertainty in overseas markets and skittish international investors, interest rates at on most bank savings and lending products have plummeted
CD interest rates moved higher in mid August along with most long term interest rates, which spiked significantly more than bank CD rates.  Bank rates have been heading higher after the Fed indicated that the monetary stimulus program that has been keeping interest rates low may be slowly cut back before year’s end.  The first