bank rates

Regional Bank No Salve For Poor CD Rates

First Niagara Bank offers just one CD with an above-average yield.If First Niagara Bank is trying to run with the really big banks, it’s succeeding — at least where CD rates are concerned.

It only has a single above-average offering, a 30-month eCD paying 0.75% APY with a $5,000 minimum deposit.

The average annual rate large banks and thrifts are offering for 36-month CDs is 0.69%.

But the 36-month leader on our CD Rates Leaderboard, Doral Bank Direct, is paying 1.65% APY with a $1,000 minimum deposit.

First Niagara Bank has 333 branches across upstate New York, Pennsylvania, Connecticut and Massachusetts, but its eCD is available online to anyone in the United States.

(So is Doral Bank Direct’s. Just sayin’.)

The eCD is the only certificate of deposit you’ll find listed on First Niagara Bank’s website ( You have to call customer service or visit a branch for standard term rates.

We’ll save you some time.

These rates, which require a $500 minimum deposit, were identical — read: equally poor — in all four states First Niagara Bank serves:

3-month CD rate is 0.10% APY versus an average rate of 0.15% APY. (Leaderboard leader is 0.80% APY.)

6-month CD rate is 0.15% APY versus an average rate of 0.22% APY. (Leaderboard leader is 0.88% APY.)

12-month CD rate is 0.20% APY versus an average rate of 0.35% APY. (Leaderboard leader is 1.15% APY.)

24-month CD rate is 0.30% APY versus an average rate of 0.53% APY. (Leaderboard leader is 1.30% APY.)

36-month CD rate is 0.45% APY versus an average rate of 0.69% APY. (Leaderboard leader is 1.65% APY.)

60-month CD rate is 1.15% APY versus an average rate of 1.18% APY. (Leaderboard leader is 2.20% APY.)

There are definitely better deals out there, and you’ll find them if you compare First Niagara Bank’s returns with the best CD rates from scores of other banks in our extensive database.

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