Rates updated September 17, 2026 · 72 banks tracked

M&T Bank CD rates: 3.00% APY best term

Q: Is M&T Bank's CD rate good?

M&T Bank's best CD rate of 3.00% ranks in the bottom quartile of the 72 banks SwitchWize tracks CD rates for. The best available CD rate tracked is 4.48%; the FDIC national savings average is 0.38%.

Q: Which banks pay more than M&T Bank on CDs?

Higher-paying tracked options include citizens-access (3.25%), keybank (3.25%), and td-bank (3.25%).

M&T Bank’s best tracked CD pays 3.00% across 6 terms — ranking in the bottom quartile of the 72 banks SwitchWize tracks CD rates for, where the best available rate is 4.48%. (Updated September 17, 2026.)

M&T Bank CD rates by term

Term	APY
3 months	0.75%
6 months	3.00%Best
1 year	0.75%
2 years	0.03%
3 years	0.03%
5 years	0.03%

Is M&T Bank a good CD rate? Not really. At 3.00% its best CD trails the 4.48% best available tracked rate, leaving about $371 a year on the table on a $25,000 deposit.

The gap, in your dollars

At 3.00%, $25,000 earns $750/yr here versus $1,121/yr at the field leader — a $371/yr difference.

See your exact number →

Higher-paying CD alternatives we track

citizens accessView rates →keybankView rates →td bankView rates →

Rates subject to change. Verify before opening a CD.

Is it safe to switch? Any FDIC-insured bank carries the same federal deposit protection — the same coverage big banks carry. Verify M&T Bank and alternatives →

Frequently asked questions

What is M&T Bank's best CD rate?▾

M&T Bank's best tracked CD rate is 3.00% APY as of September 17, 2026, across 6 terms SwitchWize tracks for this bank.

Is M&T Bank's CD rate good?▾

M&T Bank's best CD rate ranks in the bottom quartile of tracked banks. The best available tracked rate is 4.48% and the FDIC national savings average is 0.38%.

Which banks pay more than M&T Bank on CDs?▾

Higher-paying tracked options include citizens access, keybank, td bank. Compare rates at /cds to find the best current option.

← M&T Bank savings rate All tracked banks Compare CD rates

General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.