Best NYC bank CD rates with no penalty for early withdrawal?

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amother

Thu, Jan 26 2023, 12:39 pm

What are the best NYC bank CD rates, with no penalty for early withdrawal, for both brick and mortar banks and online?

tia

jd1212

Thu, Jan 26 2023, 12:40 pm

Google it- they change every day

amother

Thu, Jan 26 2023, 1:04 pm

Im asking because someone may have just researched rates. They dont change that often.

Flushing is offering 4.25% for a 1 year CD.

Are any banks around NYC offering that kind of rate for a "no penalty for early withdrawal" CD?

amother

Cantaloupe

Thu, Jan 26 2023, 2:04 pm

Online savings accounts give you a high rate with no lockup - you can withdraw at any time. They can afford to do that because they don’t have physical branches with all the expenses that come with it.

I’m getting 4.05% at CIT bank’s savings account right now. They are FDIC insured.

doctorima

Thu, Jan 26 2023, 2:06 pm

I don't know about CD's, but you can find money markets paying around that rate with better liquidity, and also rates that rise as the Fed lifts interest rates further.

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