Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Maspeth Federal S&L is offering a Teen Savings in New York with an APY of 10.00%. Suffolk Federal Credit Union is offering a Youth Savings in New York with an APY of 6.00%. Ocean Financial Federal Credit Union has a Youth Savings available at 5.13% APY (min deposit $0). N C P D has a Youth Savings available at 5.09% APY (min deposit $0).
Find the best savings and money market rates in New York today. Our real-time rate table below compares offers from top lenders to help you grow your savings. Whether you are looking for a traditional savings account or a high-yield option in NY, comparing APYs is the best way to maximize your interest earnings.
The following rates reflect recent market quotes and representative offers available to New York depositors. Actual savings rates may vary by financial institution and market conditions.
Last Updated and Verified: March 5, 2026
Savings Rates in New York and Area
•Teen Savings:
10.00%
•Youth Savings:
6.00%
•Youth Savings:
5.13%
•Youth Savings:
5.09%
•Apple Bank SmartStart Savings Account:
5.00%
Rates shown are recent market averages and representative quotes. Actual rates may vary.
Last Updated and Verified: March 5, 2026
Best New York and Area Savings Rates & Money Market Rates
Bank / Credit Union
Product
APY
Min Deposit
Maspeth Federal S&L Ridgewood, NY
Teen Savings
10.00%
$0
▼
Rate 10.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 10.00% APY on balances $1 - $6000
Suffolk Federal Credit Union West Babylon, NY
Youth Savings
6.00%
$0
▼
Rate 6.00%
Min Deposit $0
Last Updated 03/05/2026
Details
get $25 when balance reaches $1,000
Ocean Financial Federal Credit Union Seaford, NY
Youth Savings
5.13%
$0
▼
Rate 5.13%
Min Deposit $0
Last Updated 03/05/2026
Details
Youth Savings available to members under the age of 21 years old and earns 5.00% APY up to $1,000 deposited, Regular Share Savings rate for balances thereafter; at 21, Youth Savings converts to a Regular Share Savings account.
Details
Balances from $1.00 to $500.00 earn 5.00% APY. Balances over $500.00 will earn the current savings APY; see rate sheet for current rates. To obtain the blended dividend rate there is a limit of one account for each unique minor/joint ownership. Dividends are calculated on daily balance and credited monthly.
General Electric Employees Federal Credit Union Liverpool, NY
Jump Start Savings
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Balances $1,000 and under
Northern Credit Union Watertown, NY
NEXT eSavings
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 5.00% APY on balances $0 to $1,000.00; 0.20% - 5.00% interest on $1,000.01 to $5,000.00; 0.15% - 0.20% interest on $5,000.01 and over
Metro Realtors Federal Credit Union Melville, NY
Smarts Starts Early Youth Savings
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
UP TO AGE 21
Bank of Greene County Woodstock, NY
STUDENT e-NEXT GENERATION SAVINGS
5.00%
$1
▼
Rate 5.00%
Min Deposit $1
Last Updated 03/05/2026
Details
$1 - $100
Greene County Commercial Bank Catskill, NY
Student e-Next Generation Savings
5.00%
$1
▼
Rate 5.00%
Min Deposit $1
Last Updated 03/05/2026
Details
$1 - $100
FourLeaf Federal Credit Union Westbury, NY
Student Savings
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Balances $0.00 - $1,000.00
Ocean Financial Federal Credit Union Seaford, NY
Youth & Young Adult Savings
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 5.00% APY on balances up to $1,000!
Great Meadow Federal Credit Union Queensbury, NY
Youth Savings
5.00%
$0
▼
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 5.00% APY* on balances $0.00 to $500.00; 0.25% APY* on $500.01 Up
Carver Federal Savings Bank New York, NY
High Yield Online Savings
4.25%
$0
▼
Rate 4.25%
Min Deposit $0
Last Updated 03/05/2026
Details
Carver Federal Savings Bank New York, NY
Money Market Accounts & High Yield Savings
4.25%
$0
▼
Rate 4.25%
Min Deposit $0
Last Updated 03/05/2026
Details
Newtek Bank Flushing, NY
Personal High Yield Savings
4.20%
$100
▼
Rate 4.20%
Min Deposit $100
Last Updated 03/05/2026
Details
The Annual Percentage Yield (APY) for Newtek Bank, N.A. High Yield Savings and Money Market accounts is accurate as of the date shown and may change at any time without notice. A $100 minimum deposit is required to open a High Yield Savings account; no minimum deposit is required to open a Money Market account. No minimum balance is required to maintain either account; however, a balance of $0.01 is required to earn interest. Up to six (6) withdrawals or transfers per statement cycle are permitted for High Yield Savings and Money Market accounts, including preauthorized, automatic, and telephone transfers.
UFirst Federal Credit Union Rouses Point, NY
High Yield Money Market Account
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Minimum Balance $5,000.00 - $50,000.00
Carver Federal Savings Bank New York, NY
High Yield Online Savings Account
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Carver Federal Savings Bank New York, NY
High Yield Savings
4.00%
$5,000
▼
Rate 4.00%
Min Deposit $5,000
Last Updated 03/05/2026
Details
**Exclusive online**
Great Meadow Federal Credit Union Queensbury, NY
High Yield Savings (HYSA)
4.00%
$0
▼
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details
Earns 4.00% APY* on balances $2,500 - $25,000.00; 0.25% APY* on $25,001.00 +
The Upstate National Bank Rochester, NY
Money Market Deposit Account
3.95%
$0
▼
Rate 3.95%
Min Deposit $0
Last Updated 03/05/2026
Details
$1,000,000 and over
Sterling Bank and Trust, FSB Flushing, NY
EverBank Performance® Savings
3.90%
$0
▼
Rate 3.90%
Min Deposit $0
Last Updated 03/05/2026
Details
New account APY
EverBank Islandia, NY
Performance® Savings
3.90%
$0
▼
Rate 3.90%
Min Deposit $0
Last Updated 03/05/2026
Details
All Balances
The Upstate National Bank Rochester, NY
Money Market Deposit Account
3.85%
$0
▼
Rate 3.85%
Min Deposit $0
Last Updated 03/05/2026
Details
$250,000 - $999,999.99
EverBank Islandia, NY
Performance® Money Market
3.80%
$0
▼
Rate 3.80%
Min Deposit $0
Last Updated 03/05/2026
Details
Apple Bank for Savings White Plains, NY
High Yield Savings
3.75%
$0
▼
Rate 3.75%
Min Deposit $0
Last Updated 03/05/2026
Details
Minimum to Open: $5,000; Minimum for Interest: $1-$49,999.99
Quorum Federal Credit Union Purchase, NY
HighMarq Savings
3.75%
$0
▼
Rate 3.75%
Min Deposit $0
Last Updated 03/05/2026
Details
Earn 3.75% APY* when you maintain a minimum balance of $10k; APY and rate may change after account is opened and any fees could reduce earnings; The minimum average daily balance to earn the advertised APY is $10,000; There are no monthly fees as long as you register for and maintain e-Statements. If you choose to receive paper statements, there will be a $10 monthly fee.
Apple Bank for Savings White Plains, NY
My Reserve Savings Account
3.75%
$0
▼
Rate 3.75%
Min Deposit $0
Last Updated 03/05/2026
Details
New Money Only
Royal Business Bank New York, NY
New Year Flexible Savings Account
3.75%
$0
▼
Rate 3.75%
Min Deposit $0
Last Updated 03/05/2026
Details
no restriction to Deposit or Withdraw
Spring Bank Bronx, NY New York, NY
Savings & IRA Savings
3.75%
$25
▼
Rate 3.75%
Min Deposit $25
Last Updated 03/05/2026
Details
Minimum Average Daily Balance to earn APY: $1,000,000 and above
Ridgewood Savings Bank Yonkers, NY
Smart Move Money Market
3.75%
$10,000
▼
Rate 3.75%
Min Deposit $10,000
Last Updated 03/05/2026
Details
$10,000.00 - $74,999.99
NexTier Bank Williamsville, NY
Welcome Money Market Promo
3.75%
$100,000
▼
Rate 3.75%
Min Deposit $100,000
Last Updated 03/05/2026
Details
Rochester and Williamsville, New York locations; when you deposit $100,000+ in new money with our Account Bundle.
New York University Federal Credit Union New York, NY
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data:
We aggregate savings account rates for New York directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions' own digital properties and manually verifying the yields daily, we ensure that every savings rate displayed on savingsaccount.monitorbankrates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage:
Our systems and team constantly monitor the market to provide a complete picture of available yields in New York. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized savings rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield savings accounts from large national institutions available to savers in NY.
Daily Updates & Time-Stamped Accuracy:
To maintain the highest level of data integrity, our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly based on market conditions, every single savings product listed on our platform features its own specific "last updated" date. This gives you absolute transparency into exactly when that specific yield was confirmed.
Disclaimer: Savings rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions in New York.
It is always advisable to check with the specific financial institution's official website for the most current offers and terms.
Last Updated and Verified: March 5, 2026
How to Find the Best Savings Account in New York
Compare APY (Annual Percentage Yield)The APY determines how much interest you will earn in a year. Unlike simple interest, APY includes compound interest. Always look for the highest APY to maximize your earnings.
Check Minimum Deposit RequirementsSome high-yield savings accounts require a large initial deposit (e.g., $5,000 or $10,000) to earn the advertised rate. Ensure you can meet these minimums before applying.
Review Monthly FeesAvoid accounts that charge monthly maintenance fees, as these can eat into your interest earnings. Many online banks and credit unions offer no-fee savings accounts.
Verify FDIC or NCUA InsuranceEnsure your money is safe. Banks should be FDIC insured, and Credit Unions should be NCUA insured. This protects your deposits up to $250,000 per depositor.
Frequently Asked Questions for New York
What are the current savings rates in New York and the surrounding area ▼
Below is a list of current savings and money market rates available for New York. We track lenders daily to provide the most up-to-date APY and term information.
Lender / Product
APY
Min Dep
Maspeth Federal S&L
Teen Savings
10.00%
$0
Suffolk Federal Credit Union
Youth Savings
6.00%
$0
Ocean Financial Federal Credit Union
Youth Savings
5.13%
$0
N C P D
Youth Savings
5.09%
$0
Apple Bank for Savings
Apple Bank SmartStart Savings Account
5.00%
$0
Lender / Product
APY
Min Dep
Bank of Greene County
e-BUSINESS SAVINGS
5.00%
$1
Greene County Commercial Bank
e-BUSINESS SAVINGS
5.00%
$1
Bank of Greene County
e-SAVINGS
5.00%
$1
Greene County Commercial Bank
e-SAVINGS
5.00%
$1
Island Federal Credit Union
High Five Youth Savings Account
5.00%
$0
Last Updated and Verified: March 5, 2026
What is a High-Yield Savings Account? ▼
A high-yield savings account is a type of savings account that pays a significantly higher interest rate (APY) than standard savings accounts. These are often offered by online banks that have lower overhead costs than traditional brick-and-mortar banks.
Are online savings accounts safe? ▼
Yes, as long as the online bank is FDIC insured. This provides the same level of protection (up to $250,000 per depositor) as a traditional bank. Always check for the FDIC logo on the bank's website.
Can I withdraw money from a savings account anytime? ▼
Yes, but there are limits. Federal Regulation D used to limit certain withdrawals to 6 per month, though this has been suspended. However, individual banks may still enforce transaction limits or charge fees for excessive withdrawals.
Do savings rates change? ▼
Yes, savings rates are variable and can change at any time based on the Federal Reserve's benchmark interest rates and market conditions. Unlike a CD (Certificate of Deposit), your savings rate is not locked in.
