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Last Updated: 04/18/2025

M&T Bank CD

in CD Accounts from M&T Bank

Last Updated: 04/18/2025

M&T Bank CD logo
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Highlights

APY (Annual Percentage Yield)

0.05%(Verified 06/21/2024)
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Minimum Opening Deposit

Starting at $1,000

Certificate Term

  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 6 years
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M&T Bank CD Review

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

Key Takeaways

  • Small selection of CD account types. M&T Bank CD only offers IRA and traditional CDs.
  • Low APY. The maximum annual percentage yield for this account is only 0.05%.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. M&T Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of M&T Bank CD

M&T Bank CD FAQ

Are CD from M&T Bank federally insured?

Yes, your M&T Bank CDs 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?

M&T Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but M&T Bank CD offers a CD that is specifically for retirement.

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

The CD rates for this account have an APY of0.05% (APY stands for annual percentage yield, rates may change).

What terms does M&T Bank CD offer?

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

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

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

What is the grace period for M&T Bank CD?

There is a 10-day grace period for M&T Bank CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does M&T Bank charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
M&T Bank charges an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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.

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Message from M&T Bank CD

On September 1, 1997, Canadian tax franchisor UandR Tax Depot was acquired. In 1998, the company opened five offices in the U.S. and became Liberty Tax Service. Today, we have more than 3,000 Liberty Tax Service offices in the United States and Canada. For the 2018 tax year, we prepared more than 1.7 million individual tax returns. Our headquarters are located in Virginia Beach, Virginia. Our mission remains the same as when we first opened: offer the flexibility of a personal tax consultant and the security of a large, established company. We continue to provide our unique range of tax preparation services and expand our presence in the competitive personal income tax industry.

With four options to help simplify taxes for your family or your business, Liberty Tax Online has the right tax filing product to suit your unique needs. Import your info from a competitor for free. File taxes online in as little as 15 minutes. 100% Accuracy Guarantee Our online tax software gives you the most accurate return and the largest possible refund you’re entitled to.

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.

Contact

Headquarters

One M & T Plaza
Buffalo, NY 14203
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed

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