bank rates

NYC Savers Can Make 2% On 5-Year CDs


Marathon Bank of New York is paying 60-month CD rates that are as good as you’ll find almost anywhere — 2.00% APY with a $1,000 minimum deposit.

That’s nearly a fifth of a percentage point higher than the top nationally available 5-year CDs on our CD Rates Leaderboard.

We should note that Marathon Bank is owned by Piraeus Banking Group, the fourth-largest bank in Greece.

It’s no secret that Greek banks are in a heap of trouble, enduring a run by depositors worried that the Mediterranean country may leave the euro and reinstate a devalued drachma as its currency.

But Marathon Bank is a member of the FDIC, which insures American deposits up to $250,000. So, if you buy a CD here, your money is safe regardless of what happens in Greece.

You have to buy these certificates of deposit at one of Marathon’s 14 branches in Manhattan, Brooklyn and Staten Island, Queens and Long Island, as well as in Fort Lee, N.J.

Learn more about Marathon Bank of New York at www.mnbny.com or call 718-721-0200.

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

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (2)
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading...
2 Existing Comments
  1. Kathy at Bankaholic said:
    on June 22nd at 12:03 pm

    Marathon’s 60-month rate is still available.

  2. Kathy at Bankaholic said:
    on August 3rd at 06:00 am

    Marathon has dropped its 60-month rate to 1.75% APY.