bank rates

New York CD Deal: Earn At Least 2.35%

AmeriCU Credit Union offers bonus relationship rates.Plenty of banks and credit unions offer interest rate bonuses for savers who have a continuing relationship with the institution.

But few take it as far as AmeriCU Credit Union, which hands out CD rate bonuses of up to half of a percentage point.

Even without the bonus, this upstate New York’s top 60-month CD looks great in today’s low-rate environment.

With a $500 minimum deposit, it pays 2.35% APY.

That’s more than half of a percentage point better than the top nationally available deal on our CD Rates Leaderboard.

But you can increase your rate by 0.10%, 0.25% or 0.50% based on your aggregate account balance at the credit union. AmeriCU doesn’t make it easy to track down what qualifications you need to meet to earn the rate bonus, so I’ve linked to its relationship program page.

In short, you need to have at least $250,000 in accounts, credit cards, mortgages or investments with this credit union to earn the top rate — 2.86% APY.

Unless you’re really committed, there’s no reason to stretch to reach this relationship level. The no-strings-attached 2.35% APY is plenty good in this rate environment.

And AmeriCU offers some other top CD rates, too. All you’ll need is a $500 minimum deposit.

It pays:

  • 1.35% APY on 24-month CDs.
  • 1.87% APY on 36-month CDs.
  • 2.12% APY on 48-month CDs.

You must be a member of this credit union to purchase certificates of deposit. Membership is limited to people who live, work, worship or attend school in the New York counties of Cayuga, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga and Oswego.

You can also qualify if you’re a relative or live with an existing member or qualified nonmember.

You can open accounts online or in person at one of AmeriCU Credit Union’s branches in Auburn, Cicero, Fort Drum, Herkimer, Liverpool, Lowville, Oneida, Rome, Syracuse, Utica, Watertown or Yorkville.

Learn more about AmeriCU at or call 800-388-2000.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

Have you ever banked with AmeriCU Credit Union? Share your experience with us. You don’t have to login or sign up to add a comment to this post. Just start writing in the box below.

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Comments (7)
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7 Existing Comments
  1. Kathy at Bankaholic said:
    on June 22nd at 11:47 am

    These rates are all still available.

  2. Kathy at Bankaholic said:
    on July 3rd at 06:42 am

    AmeriCU has raised its 36-month rate to 2.05% APY, and its 24-month rate to 1.55% APY.

  3. Kathy at Bankaholic said:
    on November 6th at 11:01 am

    AmeriCU is now paying 2.30% APY on its 60-month CD; 2.00% on its 36-month CD; and 1.50% on its 24-month CD.

  4. Kathy at Bankaholic said:
    on January 4th at 08:23 am

    AmeriCu has dropped its rates again:

    1.40% APY on 24-month CDs.
    1.85% APY on 36-month CDs.
    2.00% APY on 48-month CDs.
    2.20% APY on 60-month CDs.

  5. Kathy at Bankaholic said:
    on March 1st at 11:05 am

    AmeriCU has dropped its 36- and 24-month rates:

    36 = 1.80% APY
    24 = 1.35% APY

  6. Kathy at Bankaholic said:
    on July 2nd at 06:51 am

    AmeriCU has dropped a couple of its Connect Plus CD rates:

    60-month now pays 2.10% APY.
    36-month now pays 1.65% APY.

  7. Kathy at Bankaholic said:
    on August 6th at 04:52 am

    AmeriCU has dropped its CD rates:

    60-month now pays 1.95% APY
    48-month = 1.80% APY
    36-month = 1.50% APY
    24-month = 1.20% APY