Start Saving for What Matters Most

Lock-in a fixed interest rate with flexible terms to grow your savings when you open a CD with M&T.  The minimum deposit required to open any CD account is $1,000.{{d1025*}}

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Choose the CD that works for you

6-MONTH SELECT CD

0.00% APY APY

Requires a qualifying checking account. {{d1025*}}, {{d1026*}} 

24-MONTH SELECT CD

0.00% APY APY

Requires a qualifying checking account. {{d1025*}}, {{d1026*}} 

8-MONTH CD

0.00% APY APY

Does not require a qualifying checking account or an existing M&T Bank relationship. {{d1025*}}

24-MONTH SELECT CD

0.00% APY APY

Requires a qualifying checking account. {{d1025*}}, {{d1026*}} 

Choose the CD that works for you

6-MONTH SELECT CD

0.00% APY APY

Requires a qualifying checking account. {{d1025*}}, {{d1026*}} 

24-MONTH SELECT CD

0.00% APY APY

Requires a qualifying checking account. {{d1025*}}, {{d1026*}} 

8-MONTH CD

0.00% APY APY

Does not require a qualifying checking account or an existing M&T Bank relationship.  {{d1025*}}

Features & benefits that give you peace of mind

Setup is simple 

We take steps that make setting up a CD easy.  
Visit a branch near you today.

Fixed Rates

We let you lock in your rate—and that rate is guaranteed for the term of your M&T CD.

Flexible rates and terms

Choose from a wide range of terms from 32 days to 72 months.

A low minimum requirement

Open a CD with a minimum deposit of just $1,000{{d1025*}}, regardless of the term you select.

Designed with security in mind

All M&T CDs are FDIC-Insured, up to the maximum applicable limit.

Grow your money faster

See how much you could earn compared to leaving funds in your savings account.

 

M&T CDs, which are Time Deposit accounts, allow you to save at a higher rate when compared to keeping funds tucked away in your savings account. It’s a great option if you don’t need your funds right away and want to build your savings. And your rate is fixed for the term of the CD.

Check out how much you could save just over 18 months with an M&T CD, compared to leaving funds in your savings account *. 

 

*$31.52 savings account is interest earned with national savings account average APY over 18 months and $605.96 is interest earned with a 4.00% CD APY over 18 months. This image is for illustrative purposes only and does not guarantee higher savings with a CD or that this specific rate and term is available.

Compares the interest you earn with a CD verses a savings account.

FAQs

Visit an M&T Bank branch near you, or call us at 1-800-724-3222 or set up an appointment with a Relationship Banker. 

Interest is computed each day using the daily balance method. We apply 1/365 of that day's interest rate to the available balance. Interest is compounded daily and credited at the end of the day before each maturity date. If requested, interest may also be credited at a different frequency. 

You will need to visit a branch to choose how to credit your account. You can choose a credit to your account that is immediately transferred to your M&T checking or savings account, or a credit to your account that is immediately withdrawn and paid by check. 

Prior to maturity, we will send you a reminder by mail with information on the renewal process and your account terms.

For automatically renewable CD accounts, money can be added during the 10 calendar day grace period after the maturity date, provided that you haven't already added or withdrawn funds during an earlier transaction within the grace period. You can also choose to open an unlimited number of additional CDs, but promotional interest rate eligibility is limited to a maximum of $1 million in deposits per customer.

Yes. Interest disbursements can be automatically made to a linked M&T Checking or M&T Savings account or by a mailed check. Interest disbursements can also be made at your local M&T branch.

Yes. You may make a withdrawal without penalty, make a deposit, close the account, or change the length of your term on any maturity date of the account or within 10 calendar days after any maturity date on automatically renewable regular time deposit accounts.

Yes. A penalty may be imposed for early withdrawal. You can withdraw deposited funds from the CD without a penalty at maturity. For automatically renewed accounts, you may withdraw funds during the 10 calendar day grace period after the maturity date, provided that you haven't already added or withdrawn funds during an earlier transaction within the grace period.

Eligibility Requirements


The minimum deposit required to open a CD account is $1,000{{d1025*}}


M&T Select CD accounts require a qualifying M&T Bank checking account to open


Other M&T CD accounts (from 32 days to 72 months) do not require a qualifying checking account or an existing M&T Bank relationship to open


Penalties


Early withdrawal (for account terms greater than 364 days): $50 plus 182 days’ interest on the non-interest portion of the withdrawal computed, without compounding, at the interest rate in effect when the withdrawal is made if the terms of the account during which the withdrawal is made is more than 364 days; or


Early withdrawal (for account terms less than 365 days): $25 plus
91 days’ interest on the non-interest portion of the withdrawal
computed, without compounding, at the interest rate in effect when
the withdrawal is made if the term of the account during which the
withdrawal is made is less than 365 days


M&T Certificates of Deposit (CDs) Interest Rates Annual Percentage Yield (APY){{d1025*}}

Open a CD today

Find a branch in your neighborhood and start savings today with an M&T CD.

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