M&T Bank 2 Year CD at 4.34% APY and 3 Year at 4.69% APY

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M&T Bank, NA is offering some of the highest rates on 2 and 3 year CDs. The only problem, a somewhat kluge application process.

M&T Bank, NA (not to be confused with their parent bank M&T Bank Corporation) began offering very competitive rates on two and three year CDs.  Both their 2 year CD at 4.34% APY and their 3 year CD at 4.69% APY are second in yield on the BestCashCow CD Rate Tables

There is a five thousands dollar minimum to open the CD but no need to open a companion savings account or some other account.  As the woman on the phone told me, "all we sell are CDs, IRAs and Money Markets." 

The application process is a bit substandard.  You need to print out the form and then mail it in with a check.  This is sort of pre-1997.  The postal stamp provides proof of when the check was mailed and you'll get the rate as of that day.

M&T Bank, NA is a subsidiary of M&T Bank Corporation which has over $65 billion in assets as of December 31, 2007 and is one of the 20 largest commercial bank holding companies headquartered in the U.S.


Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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  • Anonymous

    January 01, 2011

    Set your own life time more simple get the home loans and everything you need.

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