bank rates

New York Deal: 2.3%, 3-Year CD Rates

Massena Savings and Loan offers this deal with a $1,000 minimum deposit.Massena Savings and Loan is paying nearly a third of a percentage point more on 36-month CD rates than the best nationally available deal.

With a $1,000 minimum deposit, the New York bank is paying 2.30% APY.

The best nationally available deal on our CD Rates Leaderboard pays 2.00%. That deal is offered by Airbanking (, the website operated by Virginia-based MainStreet Bank.

If you live in upstate New York, Massena Savings and Loan ( may be familiar to you as it pretty regularly offers top CD rates.

When last we reported on this bank in January, it was offering strong 3- and 6-month rates on certificates of deposit.

Its rates – like most banks and credit unions – have slipped in 2011. We long for last summer, when its 3-year CD paid more than 3%.

Still, even with the depressed yields, we wish Massena offered its CDs to savers nationwide. We haven’t seen nationally available 3-year CD rates this strong since last fall.

But to purchase these CDs, you’ll have to visit one of Massena Savings and Loan’s branches in Massena or Waddington, N.Y.

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

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Comments (3)
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3 Existing Comments
  1. Kathy at Bankaholic said:
    on August 11th at 02:31 pm

    Massena’s rate is still available as of today.

  2. Kathy at Bankaholic said:
    on August 29th at 10:21 am

    You can still get this 3-year rate today.

  3. Kathy at Bankaholic said:
    on July 18th at 07:08 am

    Massena has just cut its 36-month rate to 2.04% APY and its 24-month rate to 1.17% APY.