M&T Bank CD Rates — October 2026

Also known as M&T, M and T Bank.

As of October 22, 2026, M&T Bank's best CD rate for ZIP 17402 (York, PA) is 4.25% APY on an 18-month relationship CD ($1,000 minimum). That is 2.7 times the FDIC national average for 24-month CDs (1.55%). Rates vary by location — from 3.85% to 4.25% APY across the 15 ZIP codes we checked.

Last verified October 22, 2026 from www.mtb.com · FDIC-insured bank · Buffalo, NY

Rates last changed October 22, 2026.

Best APY (ZIP 04046)3.85%18 months, $1,000 min

vs. Treasury−0.87%same-term Treasury 4.72%

vs. national average2.5×FDIC national average 1.55%

After inflation0.11%CPI 3.7% year over year

$10,000 earns$583over 18 months, before tax

Rates by location

M&T Bank prices some CDs by ZIP code. We check one ZIP in each state where it has branches.

Best M&T Bank CD rate by ZIP code
Location	ZIP	Best term	Best APY
York, PA	17402	18 months	4.25%
Washington, DC	20020	18 months	4.25%
Fairfax, VA	22031	18 months	4.25%
Fort Ashby, WV	26719	18 months	4.25%
Jersey City, NJ	07305	18 months	4.10%
New York, NY	10001	18 months	4.10%
Boston, MA	02109	18 months	4.00%
Portsmouth, NH	03801	18 months	4.00%
South Burlington, VT	05403	18 months	4.00%
Stamford, CT	06905	18 months	4.00%
Buffalo, NY	14203	18 months	4.00%
Wilmington, DE	19801	18 months	4.00%
Baltimore, MD	21230	18 months	4.00%
Kennebunkport, ME	04046	18 months	3.85%
North Palm Beach, FL	33408	18 months	3.85%

M&T Bank CD rates in Kennebunkport, ME

M&T Bank CD rates for ZIP 04046
Term	Product	Minimum	APY	vs. Treasury
6 months	M&T Select CD Relationship	$1,000	3.35%Verified October 22, 2026	−1.05%
6 months	M&T CD	$1,000	3.00%Verified October 22, 2026	−1.40%
12 months	M&T Select CD Relationship	$1,000	3.00%Verified October 22, 2026	−1.57%
18 months	M&T Select CD Relationship	$1,000	3.85%Verified October 22, 2026	−0.87%

APY = annual percentage yield. "vs. Treasury" compares each APY with the Treasury yield for the same term on 2026-10-21 (converted to APY). Treasury interest is exempt from state income tax; see the T-bill vs. CD calculator.

What are M&T Bank's best CD rates by term?

M&T Bank's best rate for ZIP 04046 is 3.85% APY on 18 months, verified October 22, 2026.

6 mo3.35%
12 mo3.00%
18 mo3.85%

Calculate earnings at 3.85% for 18 months

How M&T Bank compares

Best 2-year rate among the institutions we track: Popular Direct at 4.80% APY.
Popular Direct: best 5.00% APY on 60 months.
Barclays: best 4.75% APY on 24 months.
Sallie Mae Bank: best 4.75% APY on 60 months.
2-year Treasury: 4.72% APY-equivalent.

Rate changes

October 22, 2026 M&T Select Certificate of Deposit 18 months ($1,000+) in 19801: added at 4.00%
October 22, 2026 M&T Select Certificate of Deposit 18 months ($1,000+) in 19801: withdrawn (was 4.00%)
October 22, 2026 M&T Select Certificate of Deposit 18 months ($1,000+) in 21230: added at 4.00%
October 22, 2026 M&T Select Certificate of Deposit 18 months ($1,000+) in 21230: withdrawn (was 4.00%)
October 22, 2026 M&T Select Certificate of Deposit 18 months ($1,000+) in 10001: added at 4.10%
October 22, 2026 M&T Select Certificate of Deposit 18 months ($1,000+) in 10001: withdrawn (was 4.10%)

About M&T Bank

Legal name: Manufacturers and Traders Trust Company
Regulator ID: FDIC 588
Headquarters: Buffalo, NY
Available in: NY, MD, PA, CT, NJ, MA, DE, VA, DC, NH, VT, ME, WV, FL
Total assets: $218.8 billion
Also known as: M&T, M and T Bank
Website: www.mtb.com

Source: rates read from https://www.mtb.com/personal/savings-and-cds/certificates-of-deposit. See the page text we read.

Frequently asked questions

What is the highest CD rate at M&T Bank?

4.25% APY on an 18-month relationship CD for ZIP 17402, as of October 22, 2026.

What is the minimum deposit for a M&T Bank CD?

The lowest minimum we found is $1,000.

Do M&T Bank CD rates depend on where you live?

Yes. Promotional rates differ by ZIP code: across the 15 ZIP codes we checked, the best rate ranged from 3.85% (North Palm Beach, FL) to 4.25% (York, PA).

How does M&T Bank's best CD rate compare with Treasury yields?

4.25% APY is −0.47% versus the 18-month Treasury yield of 4.72% (APY-equivalent) on 2026-10-21. Treasury interest is also exempt from state income tax.

Is 4.25% a good CD rate?

It is 2.7 times the FDIC national average for a similar term (1.55% as of 2026-10-19), which is a deposit-weighted average across all U.S. banks and credit unions. Online banks and promotional CDs often pay several times the national average.

Are M&T Bank CDs insured?

M&T Bank is an FDIC-insured bank (FDIC 588). Deposits are insured up to $250,000 per depositor, per ownership category.

How often is this page updated?

We check M&T Bank's rate page every day. The rates above were last verified on October 22, 2026.

More bank CD rates

Rates are copied from M&T Bank's website and may change at any time. Confirm terms, minimums and eligibility with M&T Bank before opening an account. This page is not financial advice.