bank rates

15-Month CD Pays NYC Savers 1.50%

Yesterday we reported on a special CD available in western New York. Now here’s a similar deal for savers at the other end of the state.

Bay Ridge Federal Credit Union is paying 1.50% APY on a special 15-month CD in the New York City area.

That nearly beats the top nationally available 24-month CD rate on our CD Rates Leaderboard.

Plus, anyone in the New York City metropolitan area can join Bay Ridge by first becoming a member of the Brooklyn Consumer Federation for $10.

Employees of various New York City corporate limousine groups, schools and branches of the International Longshoreman’s Association are eligible to join without that step.

These special certificates of deposit require a minimum deposit of $20,000 and must be purchased at one of the credit union’s two Brooklyn offices, at 1750 W. 86th St. and 1609 Avenue Z.

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