A New York Certificate of Deposit (CD) is a type of deposit account offered by banks and credit unions that pays a fixed interest rate over a specific period of time. It offers a secure and reliable way to save money, and is often used by individuals, businesses, and organizations looking to save for the long-term. New York Certificate of Deposits are typically offered in various maturities, ranging from a few months to several years. The longer the maturity of the CD, the higher the interest rate will typically be. Some CDs also offer other features such as early withdrawal penalties and variable rates. The three main types of New York Certificates of Deposit are Traditional CDs, Jumbo CDs, and Super Jumbo CDs. Traditional CDs have a minimum deposit requirement of $500 and are FDIC insured. Jumbo CDs have a minimum deposit requirement of $100,000 and offer higher interest rates than Traditional CDs. Super Jumbo CDs have a minimum deposit requirement of $250,000 and offer the highest interest rates. New York Certificate of Deposits offer investors a secure and reliable way to save money for the long-term while earning a fixed rate of return. They are a great option for those looking for a low-risk and reliable way to save for the future.