Bank of Smithtown is a 98 year old community bank headquartered in Hauppauge, New York.  The bank has 15 bank branches located along the north shore of Long Island.  It is a full service commercial bank focused upon serving small business customers and consumers.  The bank also offers insurance, trust and investment services.  The bank has a comprehensive line of personal banking products which are established to help its customers better manage their financial needs.

Included in the financial savings products offered by Bank of Smithtown are certificates of deposits.  These CDs earn guaranteed high yields that are typically higher than other savings options.  The CDs provide bank customers steady and predictable rates of return.  At this time, Bank of Smithtown has the following CD terms and rates available.

A 3 month CD that has an interest rate of 2.85% APY.
A 6 month CD that earns an interest rate of 2.25% APY.
A 9 month CD that also has an interest rate of 2.25% APY.
A one year CD with an interest rate of 2.60% APY.
An 18 month CD that yields an interest rate of 3.30% APY.
A two year CD with a rate of 3.40% APY.
A 3 month CD that has an interest rate of 2.85% APY.
A 30 month CD with an interest rate of 3.50% APY.
A three year CD that yields an interest rate of 3.70% APY.
A five year CD with an interest rate of 4.00% APY.

There is a minimum opening deposit for new bank CDs of $2,500.00.  Bank of Smithtown has additional CDs between the terms of 3 months to 5 years.  With the CD accounts, the accountholder can customize how the interest on the bank CD is paid – by check, direct transfer to a Bank of Smithtown account, or added to the CD’s balance.  The credited or earned interest can be withdrawn without penalty on the CDs.  The APY, annual percentage yield, assumes that principal and interest of the CD remain on deposit for a full year and is subject to change without prior notice.  The bank provides convenient account access 24 hours a day, 7 days a week by telephone or via online banking.

Interest rates are subject to change without notice.  For current account conditions and interest rates the Bank of Smithtown can be reached by phone at 631-360-9300 or through the bank web site at www.bankofsmithtownonline.com or by visiting one of the local bank branches.

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