M&T Bank CD Reviews (Apr. 2021) | CD Accounts

Highlights
Minimum Opening Deposit	Starting at $1,000
Deposit Term	12 months 2 years 3 years 4 years 5 years 18 months 6 years
APY (Annual Percentage Yield)	0.05%

M&T Bank CD Review

M&T Bank CD is offered by M&T Bank, a bank founded in 1856 and based in Buffalo, NY. M&T Bank CD is available in 9 states (and Washington, DC).

M&T Bank CD FAQ

Are cd accounts from M&T Bank federally insured?

Yes, your M&T Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does M&T Bank offer?

Traditional
IRA

What APY does M&T Bank offer on its CDs?

M&T Bank CD offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What types of terms does M&T Bank CD offer?

M&T Bank offers CD terms of the following lengths:

M&T Bank CD Rates & Terms
Description
2-Year APY	0.05%
APY Type	Fixed APY
12-Month APY	0.05%
APY (Annual Percentage Yield)	0.05%

What is the minimum deposit to open a CD account with M&T Bank?

M&T Bank CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does M&T Bank CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

M&T Bankcharges an early withdrawal fee of $25.

M&T Bank CD Fees
Description
Early Withdrawal Fee Amount	$25

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From M&T Bank

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CDs can help you earn while you save. Talk to an MandT Relationship Banker about our rate offers. Fixed or variable rate for the term of the CD – from 32 days to 72 months Accounts are FDIC-insured up to the maximum applicable limit.