PathFinder Bank (NY) Adds "You Choose" CD Specials, 3.00% APY

POSTED ON BY

Availability: Choose Your Term CD Specials – 11-month (3.00% APY) and 24-month (3.00% APY), $1k minimum deposit.

Availability: Market area includes 14 central New York counties.

PathFinder Bank has added two Choose Your Term CD Specials: 11-month (3.00% APY) and 24-month (3.00% APY). The minimum deposit is $1k, with no stated balance cap.

As the name implies, the Choose Your Term CDs offer flexibility in determining the term length, which according to CSR is set at the account opening.

As stated on the CD Key Features page, the Early Withdrawal Penalty EWP) reads as follows:

Early withdrawal penalty for a CD with a maturity of one year or less is three months' worth of interest.

For a CD with a maturity of a year or more, the early withdrawal penalty is six months' worth of interest.

In addition to the EWP, the Schedule of Fees lists a $50 fee “when a withdrawal is performed before maturity.”

Availability

Headquartered in Oswego in Central New York, PathFinder Bank's market area for CDs includes the New York counties of Broome, Cayuga, Chenango, Cortland, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence, Tioga, and Tompkins.

Either “Choose Your Term” CD Special can be opened online, or at any of nine full-service New York branches, located in Central Square, Cicero, Fulton, Lacona, Liverpool, Mexico, Oswego (2), and Syracuse. The newest branch location in Utica is currently operating as a “limited purpose banking office.”

Bank Overview

PathFinder Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.54% (excellent), based on December 31, 2018 data. In the past year, PathFinder Bank has increased its total non-brokered deposits by $31.87 million, an excellent annual growth rate of 5.45% (not a typo). Please refer to our financial overview of PathFinder Bank (FDIC Certificate # 57497) for more details.

While the Bank has been using the PathFinder name for only 19 years, the Bank’s history began in 1859, when the Oswego City Savings Bank was incorporated. In 1995, Oswego City Savings Bank became a stock held institution (initial public offering of $7.50) and formed Pathfinder Bancorp Inc. as a mutual holding company. The Bank’s name was officially changed to PathFinder Bank in 2000.

In March 2016, New York State’s Department of Financial Services Weekly Banking Bulletin announced,

Approval given in principle to the restated Organization Certificate of Pathfinder Bank, providing for the expansion of powers to those of a full service bank with trust powers.
(The restated Organization Certificate is in conjunction with the proposed merger of Pathfinder Bank with and into Pathfinder Commercial Bank under the name, Pathfinder Bank.)

The acquisition/merger was finalized in May 2016 and today PathFinder Bank is New York’s 52nd largest bank, with assets in excess of $930 million and more than 33,600 customer accounts.

How the CD Specials Compare

When compared to 237 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the Bank’s market area, PathFinder Bank’s 11-month Choose Your Term CD Special APY currently ranks first.

When compared to 230 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the Bank’s market area, PathFinder Bank’s 24-month Choose Your Term CD Special APY currently ranks second.

The above rates are accurate as of 4/4/2019.

To search for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Syracuse CD rates, 1-year CD rates, 5-year CD rates

Comments
willy12
  |     |   Comment #1
Id do the 11 month if I could.
PathFinder Bank (NY) Ups High Yield MMA, 1 Year Guarantee
Availability: High Yield Money Market Promo, 1.60% APY guaranteed for 12 months following account opening, $10k min/$1m max deposit, new money required for opening deposit.

Availability: Market area includes 14 central New York counties.

In October, PathFinder Bank added a High Yield Money Market Promo (1.40% APY), with a twelve-month rate guarantee. Yesterday, that rate was raised to 1.60% APY and is “guaranteed for 12 months from account opening.” The minimum initial deposit is $10k of new money, with a maximum eligible balance of $1 million.

Continue Reading
PathFinder Bank (NY) Guarantees Money Market Rate For A Year
Availability: High Yield Money Market Promo, 1.40% APY guaranteed for 12 months following account opening, $10k min/$1m max deposit, new money required .

Availability: Market area includes 14 central New York counties.

PathFinder Bank is featuring its High Yield Money Market Promo (1.40% APY). This limited-time offer guarantees the 1.40% APY for twelve months from account opening. The minimum initial deposit is $10k of new money, with a maximum eligible balance of $1 million.

The High Yield Money Market account has check writing abilities, which are...

Continue Reading
PathFinder Bank (NY) Adds 17-Month Fall CD Special
Availability: 17-month Fall CD Special, 1.80% APY, $1k minimum deposit, new money required.

Availability: Market area includes 14 central New York counties.

PathFinder Bank has added a limited-time 17-month Fall CD Special (1.80% APY) to help “Harvest Your Savings.” The minimum deposit is $1k of new money, with no stated balance cap.

Just four months ago, PathFinder Bank was offering an 18-month CD Special that earned 1.65% APY. At the time, the 18-month CD Special’s APY was the second highest available in the Bank’s market area; today, that...

Continue Reading
PathFinder Bank (NY) Promotes 18-Month CD Special
Availability: 18-month CD Special, 1.65% APY, $1k minimum deposit, new money required.

Availability: Market area includes Onondaga and Oswego Counties, New York.

Earlier this month, PathFinder Bank added an 18-month CD Special (1.65% APY). The minimum deposit is $1k of new money, with no stated balance cap.

According to CSR, the Early Withdrawal Penalty for the 18-month CD Special is six months interest. CSR also stated that partial withdrawals are not permitted and a withdrawal will result in the closure of the CD.

Availability

Continue Reading
4.40% 13-Month / 4.15% 5-Month CD at Pathfinder Bank in New York
Update 12/06/08: These special CD rates have fallen. Please check the bank's website for the latest rates.

Pathfinder Bank is offering two very competitive CD specials as of 11/25/08: 4.40% APY 13-month and 4.15% APY 5-month. Minimum deposit is $2,500.

It appears a branch visit is required to open accounts. Branches are located northwest of Syracuse in the cities of Central Square, Fulton, Lacona, Mexico and Oswego.

The bank has solid financial ratings for soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/08 data....





Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.