Bank · FDIC insured
M&T Bank CD Rates
M&T Bank’s best CD rate is 3.85% APY on an 18-month CD, with extra requirements. Rates checked October 16, 2026.
How M&T Bank’s CD rates compare
Compared with banks and credit unions near New York, NY-NJ, where M&T Bank has the most branches. $10,000, best rate first.
This bank’s best
M&T Bank
3.85%APY
- Term
- 18 months
- Requires
- Another account
- Minimum
- $1,000
- Earns on $10,000
- $583
M&T Select Certificate of Deposit
Top rate
Liberty Bank of New Jersey
5.00%APY
- Term
- 4 months
- Requires
- None
- Minimum
- $1,000
- Earns on $10,000
- $164
2nd-highest rate
Palisades Credit Union
5.00%APY
- Term
- 11 months
- Requires
- None
- Minimum
- $500
- Earns on $10,000
- $457
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
M&T Select Certificate of Deposit
3.85%APY · 1 term
Requires an eligible/qualifying M&T Bank checking account (such as MyChoice Premium Checking, M&T Select, M&T Select With Interest, Power Checking, or Advantage Checking). Maximum deposit is $1,000,000 per account ($750,000 if opened online). Minimum balance to obtain APY is $1.00. Early withdrawal penalties apply.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 18 monthsRequires a qualifying checking account. Maximum deposit is $1,000,000 ($750,000 if opened online). Minimum balance to obtain APY is $1.00 | 3.85% | $583 |
Sources (1)
- mtb.com/personal/savings-and-cds/certificates-of-deposit · captured Sep 26, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.