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Flushing Bank CD Rates for 2025

Review Updated
Steven Porrello
Steven Porrello
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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
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Nathan Alderman has been a full-time Motley Fool employee since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As Motley Fool Money's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

Based out of New York City, Flushing Bank stands out as a strong contender among top-paying CD providers nationwide. While it doesn't have many CD terms, the APYs that it does offer are attractive and hard to beat.

Below we'll take a look at Flushing Bank CDs and see if they're the best place for your money.

Flushing Bank CD rates for 2025

Rates as of April 22, 2025

APY = Annual Percentage Yield

Offer image for Flushing Bank CD
Flushing Bank CD
MINIMUM DEPOSIT $1,000
3 Mo. APY 9 Mo. APY 1 Yr. APY 2 Yr. APY 3 Yr. APY
4.25% 3.75% 3.85% 3.50% 4.00%

Is a high-yield savings account a better option for you?

A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.

Account APY Promotion Next Steps
up to 3.80%
Rate info Circle with letter I in it. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
New customers can earn up to a $300 bonus with qualifying direct deposits!
3.60%
Rate info Circle with letter I in it. See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 8, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
N/A
4.00%
Rate info Circle with letter I in it. Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Min. to earn: $0
N/A
Open Account for Barclays Tiered Savings

On Barclays' Secure Website.

Disclaimers


Compare Flushing Bank CD rates

For a local bank in New York City, Flushing Bank's CD rates are high enough to compete with larger institutions. For perspective, here's how Flushing Bank CDs stack up against the competition.

Rates as of April 22, 2025
Bank & CD Offer APY Term Min. Deposit Next Steps
LendingClub CD
Member FDIC.
Open Account for

On LendingClub's Secure Website.

APY:
4.10%
Term:
14 Months
Min. Deposit:
$500
Open Account for

On LendingClub's Secure Website.

Discover® Bank CD
Member FDIC.
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

APY:
4.00%
Term:
1 Year
Min. Deposit:
$0
Open Account for Discover® Bank CD

On Discover Bank's Secure Website.

Western Alliance Bank CD
Open Account for

On Raisin's Secure Website.

APY:
4.00%
Term:
6 Months
Min. Deposit:
$1
Open Account for

On Raisin's Secure Website.

Flushing Bank CD review

Unlike other banks, Flushing Bank doesn't have a variety of CD types, like no-penalty or jumbo CDs. Instead, it offers one personal CD for all clients. Let's take a closer look at its fine print.

Flushing Bank Personal CD

PROS

  • Competitive APY
  • FDIC insured
  • No account fees
  • Interest withdrawal option

CONS

  • Limited term lengths
  • $1,000 minimum deposit

Flushing Bank's CD comes with two terms -- 12 and 15 months -- and requires a minimum opening deposit of $1,000. Interest will be compounded every day and credited to your account monthly. Unlike some CD providers, Flushing Bank will let you withdraw this interest after it has been credited to your account.

The headliner perk on this CD is its high APY, which bests most national banks and can compete with digital ones. The downside is its lack of CD terms. With only two terms to choose from, you can't build an extensive CD ladder.

Like other CDs, the Flushing Bank CD has an early withdrawal penalty. The penalty is equal to six months of interest and it will be imposed regardless of if you've had your CD for six months or not. That's pretty standard for CDs, though it's something to consider if you're wavering between CDs and a high-yield savings account.

All in all, the Flushing Bank CD combines a high APY with a decently long term to offer you a good deal. If you're certain a CD is the right savings product for you, take a closer look at Flushing Bank and compare it with other top-paying CD providers.

Who is a Flushing Bank CD right for?

A Flushing Bank CD is right for savers who want to earn the most interest on their savings. It's also great for those who have a decent amount of savings, or at least enough to meet the $1,000 minimum opening deposit.

Bottom line: Flushing Bank CD rates

Flushing Bank CD
  • 3 APY: 4.25%
  • 9 APY: 3.75%
  • 12 APY: 3.85%
  • 24 APY: 3.50%
  • 36 APY: 4.00%
Show All Rates [+] Hide All Rates [-]
Rates as of April 22, 2025

APY = Annual Percentage Yield

Term
Flushing Bank CD
3 Mo.
9 Mo.
1 Yr.
2 Yr.
3 Yr.
4.25%
3.75%
3.85%
3.50%
4.00%

Our CDs methodology

At Motley Fool Money, certificates of deposit (CDs) are rated primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how Motley Fool Money rates bank accounts.

FAQs

  • Withdrawing money early means you will either dip into the principal or forfeit a portion of interest, depending on when the withdrawal is made.

  • You should get a Flushing Bank CD if earning interest is important to you, and you've considered the reasons for and against locking your money up for the near term. It's not a great choice, however, if you want to build a CD ladder, as the bank only offers two terms.

  • For many savers, the high APY on a Flushing Bank CD makes it worth locking their savings for the near term.