Bank CD Rates

The best Buffalo, New York CD Rates are following the national trend of being from credit unions for local financial institutions. The Buffalo Metropolitan Credit Union (BMCU) has the best APY for a 2 year shared certificate. The shared certificate from a CU is the same kind of term deposit account as a CD is from a bank.

To become a member of the BMCU all a person has to do is live, study, go to work or worship in the county of Erie NY. They have a 5 year SC with an APY of 2.80%. The 4 year SC has an APY of 2.45%. The 3 year SC has an APY of 2.00%. The 2 year SC has an APY of 1.75%. The 18 month SC has an APY of 1.50%. The 1 year SC has an APY of 1.25% and the 6 month SC has an APY of 1.00%. The minimum deposit is $500 and the rates were posted on June 25, 2010.

The Greater Woodlawn Federal Credit Union has the second best rates for a local financial institution. They have a 3 year SC with an APY of 2.00%. The 2 year SC has an APY of 1.65%. The 18 month SC has an APY of 1.45%. The 1 year SC has an APY of 1.25% and the 6 month SC has an APY of 1.05%. There is a minimum deposit of $2500 required to obtain the quoted APY’s. These Bank CD Rates were posted on July 1, 2010 and were still current as of July 27, 2010.

The best 1 year CD is from Flagstar bank. This is not a local bank but their APY is at 1.55% on a 1 year term CD.

These are the best local Buffalo New York CD rates for the month of July, 2010.

For additional resources about CD’s on this website, please view Rochester New York CD Rates.  For another CD rates please look at Best Canada CD Rates on our sister site.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.