website: https://www.mtb.com

Authority: M&T Bank is a regional bank that was established in 1856. With over 725 branches it has branches in the eastern states including New York, Maryland, Delaware, Connecticut, Pennsylvania, New Jersey, Virginia, West Virginia and DC.

How to purchase a M&T Bank Certificate of Deposit

- M&T Bank requests from its website you visit your local M&T branch to open up a deposit.

Information about M&T Bank 1 Year CD Rates

Banks like M&T who provide deposit products from 32 to 6 years must maintain adequate funding sources to support its operations, fund liabilities (interest), as well as meet regulations. M&T Bank relies on customer deposits to be a low cost and stable source of funding for the loans and mortgages it makes. In particular, its core customer deposits that include noninterest-bearing deposits, savings accounts, interest-bearing transaction accounts and CDs (time deposits) that provide M&T with low cost stable funding. In pricing these deposits it takes into account numerous factors such as interest rates set by the Fed and competitive pricing for its deposits as its competitors seek to increase market share including online banks who are not located within its footprint of its branch network. In particular its 1 year CD is typically priced a higher yield than shorter dated securities such as a 3 month CD but could be lower than a 5 year CD, except in inverse yield curve environments.

Requirments for 1 year CD accounts

The minimum to open a 1 year CD account is $1,000