Bank of Utica has a long-term CD rate that savers in New York’s Mohawk Valley should definitely check out.
With a minimum deposit of $500, it’s paying 2.50% APY on 60-month CDs.
You can try searching Bankrate’s extensive database of the best CD rates from banks and credit unions across the country, but we suspect you’ll have a hard time beating it.
Bank of Utica tops the best nationally available return of 2.45% APY offered by the banks on our CD Rates Leaderboard.
It also earns a spot in our rankings of top deals from credit unions and community banks.
To purchase these certificates of deposit, you have to live in the bank’s service area in central New York. But you can buy CDs either online or in person at Bank of Utica’s single office at 222 Genesee St.