Do the Math
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CDs and IRAs
Certificate of Deposit
The Bank of Buffalo offers certificates of deposit that range from 3 months to 60 months.
These are time deposits that guarantee a certain rate for a certain length of time. A minimum balance of $500 is required.
These are time deposits that guarantee a certain rate for a certain length of time. A minimum balance of $500 is required.
Rates effective November 18, 2024
| Deposit Terms | Rate | APY* |
|---|---|---|
| 3 Months | .10 | .10 |
| 6 Months | .20 | .20 |
| 9 Months | 4.679 | 4.75 |
| 12 Months | .40 | .40 |
| 18 Months | .40 | .40 |
| 24 Months | 3.95 | 4.00 |
| 36 Months | .55 | .55 |
| 48 Months | .60 | .60 |
| 60 Months | .60 | .60 |
Traditional IRA
Traditional Individual Retirement Accounts are designed to be an investment that grows on a tax-deferred basis. Contributions and earnings are taxed upon withdrawal. These contributions are invested into certificates of deposit at Bank of Buffalo. For IRA rates, refer to CD rates above.
Roth IRA
Roth IRA’s are funded with taxable contributions. These contributions and earnings are tax-free when they are withdrawn. These contributions are invested into certificates of deposits at Bank of Buffalo.
*Annual Percentage Yield