Rhinebeck Bank (NY) Adds 49-Month CD


Availability: 49-month CD, 2.43% APY ($10k+), 2.17% APY ($2k+)

Availability: Market area includes Dutchess, Orange, and Ulster Counties, New York.

Over the weekend, Rhinebeck Bank added a tiered-rate 49-month CD that earns 2.43% APY on balances of $10k+, and 2.17% APY on balances between $2k and $9,999.99. The 49-month CD is the most competitive CD in the Bank’s product line by far; the 48-month CD has tiered rates of 1.92% APY ($10k+) and 1.66% APY ($2k+).

2.43*%$10k-Rhinebeck Bank49 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 2.17% $2k - $10k
2.43*%$10k-Rhinebeck Bank49 Month CD
OTHER TIERS: 2.17% $2k - $10k
Accounts mentioned in this post. Rates as of January 21, 2018.

The 49-month CD is also offered as an IRA (Traditional, Roth, CESA), earning the same tiered APYs with the same funding requirements.

While Rhinebeck Bank offers a Premium Rate on CDs with a Rhinebeck Bank Priority Select or Priority Elite Checking account relationship, the fine print on the CD Rates page states,

Please note, Premium Rate is not available on 49-Month CD accounts.

According to CSR, the Early Withdrawal Penalty for the 49-month CD is three months interest.


Headquartered in Rhinebeck in New York’s Hudson Valley, Rhinebeck Bank’s market area includes Dutchess, Orange, and Ulster Counties.

Opening a CD (or any other type of account) must be done at any of 11 New York branches, located in Fishkill, Goshen, Hopewell Junction, Hyde Park, Kingston, Poughkeepsie (3), Red Hook, Rhinebeck, and Wappingers Falls

Rhinebeck Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

Rhinebeck Bank has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 16.58% (above average), based on June 30, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $19.74 million, an excellent annual growth rate of 4.19%. Please refer to our financial overview of Rhinebeck Bank (FDIC Certificate # 16032) for more details.

Founded in 1860 as the Rhinebeck Savings Bank, Rhinebeck Bank is an independent bank in the Hudson Valley that hasn’t “lost their way through mergers or acquisitions.” With assets in excess of $729 million and nearly 30,000 customer accounts, Rhinebeck Bank is currently New York’s 60th largest bank.

How the CD Compares

When compared to the 324 similar length-of-term CDs tracked by DepositAccounts.com that are available within the Bank’s market area, and require a minimum deposit of $10k or less, Rhinebeck Bank’s 49-month CD APY currently ranks first.

The above rates are accurate as of 11/9/2017.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our new Rates Map page.

Related Pages: New York CD rates, 5-year CD rates


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