Earn Up to 2.75% Annual Percentage Yield

Start saving for what matters most with M&T CD Promotional Options.

CD Promotional Options

Open an M&T 18-Month Select CD or 12-Month Select CD with a great rate.1 Select CDs require a qualifying checking account. Qualifying checking accounts include MyChoice Premium Checking, M&T Select, M&T Select With Interest, Power Checking or Advantage Checking account.

18-MONTH SELECT CD

4.00%

Annual Percentage Yield (APY).
$1,000 minimum deposit required to open.

12-MONTH SELECT CD

3.50%

Annual Percentage Yield (APY).
$1,000 minimum deposit required to open.

Open an M&T 18-Month CD or 12-Month CD with a great rate.1 These CDs do not require a qualifying checking account2 or an existing M&T Bank relationship. Check out our rates below:

 

18-MONTH CD

2.75%

Annual Percentage Yield (APY).
$1,000 minimum deposit required to open.

12-MONTH CD

2.50%

Annual Percentage Yield (APY).
$1,000 minimum deposit required to open.

Don’t miss out – take advantage of these fantastic rates before they're gone for good. Just stop by any M&T Bank branch.

Eligibility Requirements

  • The minimum deposit required to open a CD account is $1,0001
  • M&T Select CD accounts require a qualifying M&T Bank checking account to open
    • Customer must have one of the following qualifying checking accounts: MyChoice Premium Checking, M&T Select, M&T Select With Interest, Power Checking ​​or Advantage Checking or open a MyChoice Premium Checking account 
  • 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

M&T Certificates of Deposit (CDs)

Interest Rate

Annual Percentage Yield (APY)

Penalties

Early Withdrawal Penalty (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 term of the account during which the withdrawal is made is more than 364 days; or

Early Withdrawal Penalty (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.

Rates are subject to change without notice and vary by state and county.

A CD (a Certificate of Deposit) is sometimes called a Time Deposit.

1.  The minimum deposit required to open the CD account is $1,000.  The maximum deposit is $1,000,000 per account. After the CD is opened, the minimum balance to obtain the advertised annual percentage yield “APY” is $1.00. Advertise APYs stated are accurate as of 1/12/2023 and these offers may change at any time. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Offer not available for non-personal accounts.  Advertised APYs cannot be combined with any other offer. 

2. To open an M&T Select Time Deposit (CD), customer must have a MyChoice Premium Checking, M&T Select, M&T Select With Interest, Power Checking or Advantage Checking account or open a MyChoice Premium Checking account. 

3. Only the 12-Month CD is available to be opened online with an initial deposit from a Non-M&T Bank Account. The minimum deposit required to open the 12-Month CD account online is $1,000 and the maximum is $99,999.  After the CD is opened, the minimum balance to obtain the advertised annual percentage yield “APY” is $1.00. Advertised APYs stated are accurate as of 1/12/2023 and these offers may change at any time. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Offer not available for non-personal accounts. Advertised APYs cannot be combined with any other offer.  The 12-Month CD account can only be opened online in the following states: CT, DE, NH, NJ, NY, MA, MD, ME, PA, VA, VT & WV. Any 12-Month CD account opened outside of the states listed above will need to be opened by visiting an M&T Branch.  

[Do not delete this paragraph].

Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions, and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for details.

To open an M&T Select Time Deposit (CD), customer must have or open a MyChoice Premium Checking, M&T Select, M&T Select With Interest, Power Checking or Advantage Checking account. The minimum deposit required to open the CD account is $1,000.  The maximum deposit is $1,000,000 per account. After the CD is opened, the minimum balance to obtain the advertised annual percentage yield “APY” is $1.00. Advertised APYs stated are accurate as of 10/18/2022 and these offers may change at any time. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. Offer not available for non-personal accounts.  Advertised APYs cannot be combined with any other offer. Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions, and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for full details.

CD Rate Handler