CD Rates

Term Minimum Balance to Open and Earn APY Interest Rate APY*
7 day $2,500 0.10% 0.10%
3 month (91 day) $2,500 0.10% 0.10%
6 month (182 day) $2,500 0.15% 0.15%
7 month TIER I** $2,500 0.15% 0.15%
7 month TIER II** $50,000.00 - $99,999.99 0.15% 0.15%
7 month TIER III** $100,000.00 - $199,999.99 0.20% 0.20%
7 month TIER IV** $200,000 or higher 0.20% 0.20%
9 month $2,500 3.63% 3.75%
10 month $2,500 .98% 1.00%
12 month $2,500 0.25% 0.25%
13 month TIER I** $2,500 0.25% 0.25%
13 month TIER II** $50,000.00 - $99,999.99 0.25% 0.25%
13 month TIER III** $100,000.00 - $199,999.99 0.30% 0.30%
13 month TIER IV** $200,000 or higher 0.30% 0.30%
14 month Promo Special^ $500 4.00% 4.14%
15 month $500 0.30% 0.30%
18 month $500 1.47% 1.50%
20 month Promo Special^ $500 1.27% 1.30%
24 month $500 0.30% 0.30%
30 month $500 0.34% 0.35%
36 month $500 0.39% 0.40%
37 month Promo Special^ $500 1.57% 1.60%
48 month  $500 0.44% 0.45%
5 year $500 0.49% 0.50%
       

Rates Updated 1/26/2023

** For all 7 and 13 month tier CD accounts, a customer must open or maintain an Ulster Savings Bank checking account and have direct deposit to a Ulster Savings Bank checking or savings account to be eligible for this account.

^ The 14, 20 and 37 Month Promotional Certificate of Deposit accounts require customers to have or open a checking account with Ulster Savings Bank. This offer is effective 8/25/2022. Offer not available for non-personal accounts. A penalty may be imposed for early withdrawal. Fees may reduce earnings on the account. Rates are subject to change and offer may be withdrawn at any time.

*APY=Annual Percentage Yield. Rates subject to change. Interest rates and terms apply only to Ulster, Dutchess, Greene and Orange counties in NY State. Ulster Savings Bank cannot be held responsible for online calculator errors. A penalty may be imposed for early withdrawal and may reduce earnings.

Any Annual Percentage Yield (APY) provided on our website assumes interest will remain on deposit until maturity for accounts with terms. All certificate of deposit accounts are fixed rate accounts. Fixed rate accounts with specific maturities are in effect until maturity (ie 7 day, 91 day, etc). Fees charged for maintenance or certain transactions on any account may also reduce earnings.

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