Local CD Rates NY – National Bank of Coxsackie

With a bank CD an investor is assured that the principal as well as interest when it reaches maturity will be paid back.  The interest rate that the investor receives on a bank CD will be established in advance at the time the CD is opened.  The key aspect of bank CD investments is to make sure that you for the best CD rates.

In the state of New York, one bank to consider for your CD investment dollars is the National Bank of Coxsackie.  The National Bank of Coxsackie is an independent, locally owned, commercial bank.  The bank was founded in 1852 as a full service state chartered bank in New York.  The main office is located in Coxsackie and the bank has five additional bank branches in the region.

With a certificate of deposit or CD, you receive a higher rate of return on your investment because your deposit is invested for a fixed period of time.  The National Bank of Coxsackie offers a wide range of CDs, with flexible terms from six months to three years with minimum balances as low as $1,000.  The National Bank of Coxsackie is now presenting the following CD rates and terms:

A six month CD that has an interest rate of 1.90% APY.
A nine month CD with an interest rate of 2.00% APY.
A twelve month CD that yields a rate of 2.10% APY.
An eighteen month CD that has an interest rate of 2.25% APY.
A twenty-four month CD with a rate of 2.50% APY.
A thirty-six month CD that earns an interest rate of 3.15% APY.
And a fourteen month special CD that has an interest rate of 3.00% APY.

The National Bank of Coxsackie also offers a money market account as an alternative to CDs for those investors that need added liquidity with a market based rate of return.  Federal Law requires that an account holder may make no more than six preauthorized transfers or checks to third parties during any calendar month in these bank accounts.
The current interest rate is .80% with an annual percentage yield of .80%.  National Bank of Coxsackie has always expanded its product line to incorporate added security, convenience and personal service to meet the demands of consumers in New York.

All of the banks CDs require a minimum deposit of $1,000.00.  National Bank of Coxsackie reserves the right to change interest rates at any time.  The above mentioned account descriptions of the bank CDs is not all encompassing.  The bank can be reached at 888-731-6161.  Additional bank rates and information can be found on the bank web site at www.nbcoxsackie.com.

Tags: Banks, best CD rates, CD rates, CD rates New York, rates, savings

This entry was posted on Tuesday, January 13th, 2009 at 12:45 pm and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.