Don't miss this opportunity to grow your savings further.
YOUR CERTIFICATE OF DEPOSIT ("CD") IS MATURING SOON.
Schedule an appointment with us on your CD maturity date to understand your options and reach your savings goals.
Whether you’re looking to continue to grow your savings, or need to access your funds, your M&T banker can go over your options. We will work to understand your personal savings goals and discuss if you are eligible for our current promotional rates and terms.
You only have 10 calendar days during your grace period to make a change to your account.
Attention: If you do not make a change to your account, your auto-renew CD will renew at the same term but at the current standard interest rate in effect. The standard rate is different from the promotional rate that may have applied at the time you opened your account.
Make a change to your account
During the 10 calendar day grace period after your CD matures, you may make a change to your account. Speak with an M&T banker to discuss any available promotional rates and terms at that time.
Auto-renew your account
Once your CD matures, your current rate will expire. If you take no action or have chosen auto-renewal, your CD will renew at the standard rate for the same term. The standard rate is different from the promotional rate that may have applied at the time you opened your account.
Contact Us
Speak with an M&T banker to learn what your standard rate will be if you allow your CD to auto-renew or if you are eligible for current promotional rates and terms.
View CD Promotions
Take a look at current rate and term offers in your area that you may be eligible for.
What are my next steps?
Visit mtb.com/appointment, visit a branch or call 1-855-242-1725 Monday through Friday, 8am-8pm ET and Saturday 9am-3pm ET.
FAQs
Prior to your maturity, we sent you reminder by mail on the renewal process and your account terms.
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.
If your CD is set to auto-renew it will renew on the 10th calendar day after your maturity date at the same term but at our current standard interest rate. It will not renew at a promotional interest rate unless you call or visit a branch to take advantage of an available promotional offer. Our standard interest rates vary by term, please contact us to understand what your standard interest rate may be.
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.
We have smart savings solutions for every kind of saver.
Reach your savings goals faster
