Rates effective September 4, 2026
**APY = Annual Percentage Yield
Estimate Customer Insurance Coverage with the FDIC's
Electronic Deposit Insurance Estimator (EDIE)
Certificate of Deposit Rates Specials
| Term | **APY | Rate |
|---|---|---|
| 7 Month Special | 4.25% | 4.17% |
| 27 Month Special | 3.80% | 3.73% |
| 63 Month Special | 3.25% | 3.20% |
Certificate of Deposit Rates
| Term | **APY | Rate |
|---|---|---|
| 6 Month | 1.30% | 1.30% |
| 9 Month | 1.30% | 1.30% |
| 12 Month | 1.30% | 1.30% |
| 18 Month | 1.76% | 1.75% |
| 24 Month | 1.76% | 1.75% |
| 36 Month | 1.86% | 1.85% |
| 48 Month | 1.91% | 1.90% |
| 60 Month | 2.12% | 2.10% |
$500 Minimum Balance. Penalty may apply for early withdrawal. Fees may reduce earnings. Rates and promotion(s) subject to change at any time. Maximum $1,000,000.00 New Money per tax ID number. Call for details 315-468-6281
**APY = Annual percentage yield. Interest is compounded daily and posted quarterly.
Notice: Deposit accounts are only opened for consumers residing or businesses that are located within 150 miles of our Syracuse, New York location.
IRA Rates
| Term | **APY | Rate |
|---|---|---|
| 12 Month | 1.81% | 1.80% |
| 18 Month | 2.78% | 2.75% |
| 24 Month | 2.02% | 2.00% |
| 30 Month | 2.02% | 2.00% |
| 36 Month | 2.12% | 2.10% |
| 48 Month | 2.42% | 2.40% |
| 60 Month | 3.56% | 3.50% |
| 65 Month | 3.56% | 3.50% |
| 72 Month | 3.56% | 3.50% |
Interest rates are subject to change at any time. $500.00 minimum balance required. Penalty may be imposed for early withdrawal. Fees may reduce earnings.
Interest is compounded daily and posted quarterly. Interest Rates, Specials and Promotions are subject to change at any time.
Notice: Deposit accounts are only opened for consumers residing or businesses that are located within 150 miles of our Syracuse, New York location. Online account opening eligibility may be more limited.
Savings Accounts
| Savings Product | **APY | Rate |
|---|---|---|
| Passbook Savings | 0.05% | 0.05% |
| Statement Savings | 0.05% | 0.05% |
| Money Market ($1,000 - $49,999.99) | 0.30% | 0.30% |
| Money Market ($50,000.00 - $99,999.99) | 0.45% | 0.45% |
| Money Market ($100,000.00 - $249,999.99) | 0.60% | 0.60% |
| Money Market ($250,000.00 or more) | 0.70% | 0.70% |
| Premier Money Market ($1,000 - $49,999.99) | 0.30% | 0.30% |
| Premier Money Market ($50,000.00 -$99,999.99) | 0.55% | 0.55% |
| Premier Money Market ($100,000.00 -$249,999.99) | 0.70% | 0.70% |
| Premier Money Market ($250,000.00 or more) | 0.80% | 0.80% |
Savings account minimum balance to open account, $25.00.
All Savings accounts require a minimum balance of $25.00 to earn interest.
Money Markets require an initial deposit of $1,000.00.
Checking Accounts
| Checking Product | Balance | **APY | Rate |
|---|---|---|---|
| New Wave Checking (Basic Banking) | $25.00 | N/A | N/A |
| Now Checking | $250.00 | 0.05% | 0.05% |
| Super Now Checking | $1,000.00 to $49,999.99 | 0.10% | 0.10% |
| Super Now Checking ($50,000 or more) | $50,000.00 or more | 0.20% | 0.20% |
Now Checking - requires a minimum daily balance of $250.00 to avoid a $5.00 monthly fee.
Super Now Checking - requires a minimum daily balance of $250.00 to avoid a $5.00 maintenance fee.
Notice: Deposit accounts are only opened for consumers residing or businesses that are located within 150 miles of our Syracuse, New York location.
How CD Rates Work
A certificate of deposit is a time-based deposit account. Your funds are set in place for a specific period, anywhere from a few months to several years. In return, the financial institution pays you a fixed interest rate for the duration of that term. Generally speaking, the longer you commit your funds, the higher the rate you may receive, though that’s not always the case depending on current market conditions.
At Geddes Federal, our certificate of deposit rates reflect a range of terms from 4 months to 60 months. We also periodically offer specials with promotional CD rates, which can provide an opportunity to earn a higher return over a shorter commitment.
What's the Difference Between APY and Interest Rate?
A certificate of deposit's APY (Annual Percentage Yield) accounts for the effect of compounding - meaning the interest you earn also earns interest over time. Because our CDs compound daily, the APY will typically be slightly higher than the stated CD interest rate.
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What to Consider When Looking for the Best CD Rates
If you’re looking for the best CD rates today, it helps to look beyond just the rate itself. Consider which term length aligns with your timeline, and how interest is compounded. Geddes Federal's certificates of deposit compound daily, meaning your earnings are growing every day of your term. It’s also worth noting that your deposits are FDIC insured, giving you the peace of mind that comes with a secure, protected investment.
CD Specials at Geddes Federal
From time to time, we offer limited specials with promotional CD rates that are higher than our standard offerings. These specials are a great chance to take advantage of favorable CD rates for a defined term.
Our current specials are highlighted in the rate table above. Keep in mind that promotional CD rates are subject to change at any time, so if you see something that fits your goals, it’s worth acting sooner rather than later.
Open a CD at Geddes Federal
Whether you’re looking at CD rates for the first time or you’re an experienced saver exploring your options, Geddes Gets It. Your neighbors at Geddes Federal are here to help with any questions you may have along the way.
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