Walden Savings Bank is a New York based bank.  The bank was first established in 1872 and is headquartered in Montgomery, New York.  Walden Savings Bank is organized as a federal chartered mutual savings bank.  The bank maintains ten full service bank branches in southeastern New York including Walden, Washingtonville, Montgomery, Cornwall-on-Hudson, Pine Bush, New Windsor, Gardiner, Scotts Corners, Circleville and Middlehope.

Walden Savings Bank offers both personal and commercial banking services with a primary objective of meeting the borrowing and deposit needs of its local customer base.  In order to meet the objective the bank provides a full range of checking, savings, and loan products.  Walden Savings Bank also provides a wide range of ancillary services such as online banking, mobile banking, banking by phone, night depository services and more.

Lending activities performed by the bank include; 1-4 family residential mortgage loans, construction multi-family, vacant land, commercial real estate, consumer loans and commercial business loans.

Along with an assortment of savings products, Walden Savings Bank has a variety of certificates of deposits with great New York CD rates.  The bank CDs have terms ranging from 3 months to 5 years.  All of the banks CDs are available as Individual Retirement Accounts as well.

A summary of the bank CDs includes; fixed CD interest rates for the term of the account, $1,000.00 minimum deposit amount, automatic renewal at maturity unless otherwise directed, CD interest accrued is compounded and credited monthly, bank CDs can be offered as a passbook account and a penalty may be imposed for early withdrawals.

Current New York CD rates and bank CD terms available from Walden Savings Bank include:

91 day CD rate is 1.25%
5 month CD has an interest rate of 2.00%
182 day CD earns a rate of 1.35%
7 month CD rate is at 1.35%
9 month CD interest rate is 1.40%
10 month CD has a rate of 2.25%
One year CD rate is 1.50%
18 month CD yields 1.80%
Two year CD rate is 2.00%
Three year CD earns a rate of 2.25%
Four year CD has an interest rate of 2.50%
Five year CD rate is 2.70%

Bank CD interest rates are subject to change and additional conditions may apply to open these CD accounts and obtain the posted NY CD rates.  For current New York CD rates contact a Walden Savings Bank representative at 845-457-7700.  Bank rates including CD rates are also updated on the bank website which can be found at www.waldensavingsbank.com.

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