Bank CD Rates

The M&T CD rates are from a financial institution that was formed in October of 1995. Most of the business conducted at this bank is online, through the mail, or over the telephone. This has kept their overhead considerably low. They pass these savings on to their customers with higher bank CD rates and on other money deposits.

 

The current CD rates from this financial institution are as follows. The 3 month CD has an APY of 0.25%. The 6 month CD has an APY of 0.25%. The 9 month CD has an APY of 0.50%. The 12 month CD has an APY of 1.01%. The 18 month CD has an APY of 1.01%. The 24 month CD has an APY of 1.01%. The 30 month CD has an APY of 1.01%. The 36 month CD has an APY of 1.55%. The 48 month CD has an APY of 1.75%. The 60 month CD has an APY of 1.95%.

 

The minimum deposit required to open a CD is $5,000. To open an account, the person has to be older than 18 years of age. These rates were posted on 12/08/09 and are current as of 12/23/09 but are subject to change without notice. Mailed-in applications are given the APY as of the date of the post mark on the envelope.

 

The minimum deposit to open an account is $5000.  Once the account is open, there only needs to be $1 in the account to receive the advertised APY. Fees could reduce the savings on some accounts so read the fine print carefully before investing.

 

These are the M&T CD rates for the end of the year 2009.