Savers and investors in central New York state can now get their hands on a couple certificates of deposit that have rates of return well above the national average, thanks to a new rate promotion available at PathFinder Bank.

PathFinder Bank has two new CD rate promotions in NY, one with an odd term, 10 month maturity and another with a more traditional, 18 month term to maturity.  The rates offered on these accounts run almost five times the national average rate on comparable term accounts with low, $1,000.00 minimum deposit requirements.

The 10 month CD rate has a 1.00% annual percentage yield (APY) for deposits of $1,000.00 on up to $19,999.00.  This account has a tiered rate structure with higher balances earning higher rates of return.  Depositors can earn up to 20 additional basis or 0.20% with larger deposits.  The 18 month CD rate comes with a 1.65% APY for deposits of $1,000.00 on up with no tiered rate structure.

In comparison to the average national rates for comparable term accounts, the national average rate for a one year CD is 0.24% while the average rate on a two year bank CD is 0.39%.  PathFinder’s CD rates on these promotions are clearly crushing the competition.

Additional bank CDs are available with market based rates.  All CDs have fixed rates for the term of the account with exceptions on the bank’s special CD accounts. Standard CD terms range from 30 days to 7 years.

Certificates with unusual terms and conditions are marketed by the bank as well.  PathFinder offers step up CDs that provide the account holder the option to cash in on rising interest rates once during the term.  An E-Z Open CD is available that can be opened with a low $25.00 minimum deposit requirement and additional deposits are accepted throughout term.

Early withdrawal is subject to penalty. Fees may reduce earnings on the CD accounts. Additional terms and conditions may apply.

Pathfinder Bank is a New York State chartered commercial bank headquartered in
Oswego, NY.  The bank has nine full service offices located in Oswego and Onondaga County.  More information about the bank CD rates in NY and the current account promotion can be obtained by calling a PathFinder Bank customer service representative at 800-811-5620.

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