Deal Summary

5-year CD, 1.25% APY, minimum deposit $500, dividends paid upon maturity

Bank of Utica’s Top CD Rates

Bank of Utica’s top CD rate is 1.25% APY. This rate is offered on the credit union’s 5-year CD with a minimum deposit of $500. The dividends earned on this CD are paid upon maturity.

The 4-year CD is a great alternative. The account offers an 1.15% APY with a $500 minimum deposit. This account also pays you your dividends upon maturity.

For short-term investors the credit union offers a 3 to 6-month CD. This CD offers an annual percentage yield of 0.35%. This CD is only obtainable with a $5,000 minimum deposit, so it might not be affordable for everyone. Again, the dividends on this CD are paid out upon maturity.

Bank of Utica offers eight CDs. Most of these CDs can be opened with a $500 minimum deposit, although some may require much more. These CD terms vary from 1 month to 5-years. The APY starts at 0.25% and builds to 1.25%. Each of Bank of Utica’s CD accounts is subject to early withdrawal penalties.


You must be a member of the Bank of Utica to open a CD. This means that you will need to open a checking or savings account. You can apply online, by calling, or by doing it in person.

Branches in New York


Bank Overview

Bank of Utica was founded in 1927 by John J. Sinnott, who founded it under the name Morris Plan Company of Utica. This became a bank for people who couldn’t get loans from traditional banks either through lack of money or credit.

Over the years, the bank has grown significantly and has become the primary bank in Utica. The bank is now dedicate to forming relationships with their community and making sure they are doing everything in their power to help their members reach their financial goals.

Bank of Utica works with over 300 non-profit organizations and contribute to them on a regular basis. Because the Bank of Utica has been around for decades, they have a personal connection to the area where the bank is located and therefore strive to help in every way they can. They truly believe they are the best bank for the community as they know and understand the needs of those who live there.

Bank of Utica is also determined to keep their members safe by keeping up with the latest software, firewalls, and security systems around to keep private information private. This type of software can detect fraudulent checks, strengthens any systems that may be weak or vulnerable to hackers, and more.