M&T Bank CD Rates
Today, we here at Highest CD Rates Info are bringing you up to date on one of the banks we follow closely, M&T. This popular, local bank is often a place where unexpected deals can be found.
M&T Bank offers a multitude of investment options and certificates of deposit constitute an important part of the investment plans. CD account rates at M&T Bank are available in two basic plans. One is the Promotional CD plan and the other one is Select CD plan.
The current cd rates for the Select range are as follows. A 6-month CD returns an APY of 0.35% and a 12-month CD returns an APY of 0.85%; this APY is also applicable for the 18 months CD investment.
M&T CD Rates for a 2-year investment plan are currently estimated at 1.01%; these rates are also applicable for the 3-year investment option.
M&T Certificate of Deposit Rates for the Promotional program are currently estimated as follows. A 6-month CD returns an APY of 0.50%. A 1-year CD returns an APY of 1.10% and a 2-year CD yields an APY of 1.25%. A 3-year investment returns an APY of 1.75%. Highest returns are available for the five year CD investment; they are currently estimated at 2.25%. Minimum deposit for these investments is $1,000 and the maximum deposit is $1 million. Penalties are applied in case of early withdrawals.
M&T maintains a user friendly website where they have given elaborate details of their investment options. CD accounts can be opened on the company website through the use of credit and debit cards. A 24/7 call centre has also been set up to assist customers about different schemes and investment plans of the company.