Sawyer Savings Bank has been in business since 1871.  The bank has its main office located in Saugerties, NY and has two additional bank branches in Highland and Marlboro.  Sawyer Savings Bank has an assortment of financial products and services it offers to consumers in this region of New York state.  Part of the product array offered by the bank are high interest rate CDs.  Bank CD accounts are for those customers who intend to leave funds in a bank for a definite period of time, earning a higher rate of interest than regular savings.  Some of he best CD rates in New York can be found at Sawyer Savings Bank.

Sawyer Savings Bank has a variety of bank CDs to fit your needs, here is a sample of the current rates and term CD offerings of the bank:

The bank has three CD promotions they are presently marketing, there is one year CD that earns an interest rate of 2.85%APY, they have a three year CD which has an interest rate of 3.35% APY, and a five year CD that yields and interest rate of 4.00% APY.

In addition to these bank CD specials, the bank offers the following standard CDs:

A 6 month CD that earns an interest rate 1.75% APY.
An 18 month CD with an interest rate of 1.75% APY.
A two year CD that has an interest rate that is also at 1.75% APY.
And a four year CD which earns an interest rate of 2.50% APY.

Minimum balance to open account is $500.  Interest earned can be kept in the account, transferred to another Sawyer Savings Bank account or mailed to the CD accountholder by check.

Interest rates are subject to change.  Additional conditions may apply.  To contact the bank directly call 800-486-9266.  More bank product information as well as current interest rates can be found on the bank website which is located at www.sawyersavings.com.

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