Dedicated to Deposits: Deals, Data, and Discussion
Bank of Utica2.00%$500-5 Year CD
Bank of Utica1.60%$500-4 Years Up to 5 Year CD
Accounts mentioned in this post. Rates as of August 22, 2014

Top Long-Term CD Rates in Central New York at Bank of Utica


Bank of Utica

It’s now easy to get a 5-year CD with a yield of at least 2.00% if you don’t mind banking online. A higher 5-year CD rate is possible if you live in the right area. It’s most likely that your local banks won’t have better CD deals, but there are a few areas of the country where you can get really good CD deals. One of those areas is the Utica-Rome New York metro area. Bank of Utica just increased its 5-year and 4-year CD rates to levels far above what you can get at an internet bank. Its 5-year CD has a 2.50% APY, and its 4-year CD has a 2.25% APY. Minimum deposit is $500, and the maximum deposit is $50,000. These are also available in an IRA or SEP 401K, and there is no maximum deposit for these retirement accounts. Early withdrawal penalty is 12 months of interest for the 4-year CD and 15 months of interest for the 5-year CD. These rates and terms are listed in the bank’s interest rates page as of 9/27/2013.

The bank only accepts local deposits. This is stated above the bank’s rate tables.

Bank of Utica has one office located at 222 Genesee Street, Utica, New York.

The bank has an overall health score at of A+ with a Texas ratio of 2.62% (excellent) based on June 2013 data. Please refer to our financial overview of Bank of Utica for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 13397).

How These CD Rates Compare

The highest 5-year CD rate that’s nationally available is 2.05% APY at The bank’s 4-year CD rate is also near the top with a 1.65% APY. These rates are accurate as of 9/27/2013.

To search for nationwide CD rates and CD rates in your state, please refer to our CD rates table.

  Tags: CD rates, New York, Bank of Utica, IRA rates

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Comment #1 by Anonymous posted on
 I was going to jump on a 5year nationasl 2 percent cd (since I havent seen any local good deals in a very, very lomg time), thinking with tapering postponed, we'd see a drop in long term rates,  but this gives me pause..maybe I need to be more patient?  

Comment #3 by Anonymous posted on
The US government can not afford rates higher then 3%, so do not expect 5% CD rates in our life time. Ben knows that and chickened out of rate rise until the new charman takes sit. He does not want to take the blame for government collaps.