Best CD Rates Long Island NY

Compare and review the best CD rates available in Long Island NY. Review the CD rates and terms offered by the leading banks serving Long Island and the greater New York metropolitan area.

Consumers in Long Island the surrounding communities will find a wide assortment of high yielding CDs with low deposit requirements and several different maturities to choose from. Attractive rates in the local market can be found with short term, three month CD rates and six month CD rates in Long Island. Midterm CDs, such as the nine month CD rates and one year CD rates in Long Island also very competitive. Long term CDs, including the two year CD rates and five year CD rates in Long Island are also above the national rates for comparable terms.

Use the table of CD rates listed below to compare the best CD rates offered in Long Island with some of the top bank CD rates across the nation.

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
With a fixed rate of return for each term, the certificates of deposit available are a risk-free savings choice. In addition to the standard bank CDs, most of the certificates may be used for IRA purposes. Consumers looking for retirement savings options will find a number of traditional IRA CD rates and Roth IRA CD rates to choose from.

For those savers looking to get a better rate of return on larger deposits, a range of jumbo CDs and jumbo CD rates in Long Island can be found. FDIC insured certificates of deposit of all types and maturities in Long Island make sense for the investor looking for rock solid security with a good return.

The banks serving Long Island are committed to making banking and savings convenient and easy. With the high level of banking resources in the local market, it is easy for consumers to find CD investment products that meet their savings goals and risk tolerances.

Current interest rates and annual percentage yield are subject to change at any time prior to opening an account. 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. Other terms and conditions may apply.

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

Another week passes and bank CDs experience another of week of sinking yields.  Bank CD rates available nationally fell across all terms for the week ending Aug. 7, 2009.  The rate reduction for this week was mild but impacted all maturities and is a continuation of a protracted slide in CD rates that started in
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The highest CD rates offered nationally remained in a tight range for the week ending May 1, 2009.  The average of the longest term CD rates, the five year term, dropped by one basis point or 1/100 of a percent for the week.  The best two year CD rates increased on average by two basis