Sawyer Savings Bank (NY) U-Choose CD Specials Offer Competitive Rates



New York State residents.

Sawyer Savings Bank has a series of "U-Choose" CD Specials at two different APYs: 1.00% APY (6-, 12- and 18-months) and 1.50% APY (24-, 30-, and 36-month CDs). The "U-Choose" option is the CD term length.

The minimum opening deposit for any of the six U-Choose CDs is $500, and there is a maximum balance cap of $100K. According to CSR, the Early Withdrawal Penalty is determined on a case-by-case basis.

0.75%$500-Sawyer Savings Bank12 Month CD
0.75%$500-Sawyer Savings Bank18 Month CD
0.05%$500-Sawyer Savings Bank6 Month CD
Accounts mentioned in this post. Rates as of October 23, 2016.


Located in New York State’s Hudson River Valley, Sawyer Savings Bank is a privately-held mutual savings bank that primarily serves the local community, although CSR stated that "anyone" could open an account, as long as they did so at a branch location. When questioned further, CSR defined "anyone" as any resident of New York State.

Sawyer Savings Bank has three branches located in Saugerties, Highland, and Marlboro, New York.

Bank Overview

Sawyer Savings Bank has an overall health rating of "A+" at, with a Texas Ratio of 2.59% (excellent), as of September 30, 2014. Sawyer Savings Bank has an excellent capitalization level of 12.38%, a result of holding $197.14 Million in assets, with $24.41 Million in equity. Please refer to our financial overview of Sawyer Savings Bank for more details.

Founded in 1871 as the Saugerties Savings Bank, the name was changed to Sawyer Savings Bank in 1973 when the bank began expansion into nearby communities. Known for its support of many local organizations and non-profits, Sawyer Savings Bank places an emphasis on small town values and community-based banking.

How the CDs Compare

Obviously, the shortest term for each U-Choose CD APY is the best deal. Therefore, when compared to similar length of term CDs tracked by, with similar deposit requirements and available to New York State residents, Sawyer Savings Bank’s 6-month and 24-month U-Choose CD Specials are the most competitive:

The above rates are accurate as of 12/19/2014.

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