Ulster Savings Bank savings, CD and money market rates
Ulster Savings Bank's Smart Savings advertises 0.10% APY. That is 0.28 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #2541 of 3150 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2383.
Estimate your earnings·What Ulster Savings Bank actually pays
Ulster Savings Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.10% · Smart Savings |
| Minimum to open | $250 · Smart Savings |
| Against the national average | 0.28 percentage points below the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.25% · 24 months · 24 Month CD |
| Minimum to open | $500 · 24 months CD |
| Against the national average | 2.70 percentage points above the 1.55% FDIC 24-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 0.20% · Select Money Market · needs at least $75,000 |
| Minimum to open | $2,500 · Select Money Market |
| Against the national average | 0.43 percentage points below the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 15970 · Kingston, NY |
|---|---|
| Website | www.ulstersavings.com |
| Branches | 15 branches in NY |
| Availability | Available in NY |
Ulster Savings Bank savings, CD and money market rates
Personal
How the rate applies
Education savings
How the rate applies
Business
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Ulster Savings Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| not stated | 0.10% | $2,500 | 7 Day CD |
| 3 months | 0.10% | $2,500 | 3 Month (91 Day) CD |
| 6 months | 0.15% | $2,500 | 6 Month (182 Day) CD |
| 7 months | Up to3.60%Needs at least $200,000 | $2,500 | 7 Month CD |
| 9 months | 0.25% | $2,500 | 9 Month CD |
| 10 months | 3.41% | $2,500 | 10 Month CD |
| 12 months | 4.00% | $2,500 | 12 Month CD |
| 13 months | Up to0.30%Needs at least $100,000 | $2,500 | 13 Month CD |
| 14 months | 0.30% | $500 | 14 Month Promo Special CD |
| 15 months | 3.70% | $500 | 15 Month CD |
| 16 months | 3.65% | $500 | 16 Month Add-On CD |
| 18 months | 0.30% | $500 | 18 Month CD |
| 20 months | 3.65% | $500 | 20 Month CD |
| 24 months | 4.25% | $500 | 24 Month CD |
| 30 months | 3.75% | $500 | 30 Month CD |
| 36 months | 0.40% | $500 | 36 Month CD |
| 37 months | 0.40% | $500 | 37 Month Promo Special CD |
| 48 months | 0.45% | $500 | 48 Month CD |
| 60 months | 0.50% | $500 | 5 Year CD |
Interactive Tool
Calculate Savings for Ulster Savings Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,158.50(7.0%)
- Total Contributions$13,000
- Initial Deposit$2,500
Projected Balance
$16,658.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Ulster Savings Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Ulster Savings Bank paid a higher average rate on savings and money market deposits than 10% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Ulster Savings Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Smart Savings | 0.10% | $250 | $0 | None | $3.00 imposed at interest crediting if the average daily balance for the month falls below $500.00., can be waived | None | One rate | |
| Minor Savings | 0.10% | $5 | $0 | None | not stated | None | One rate | |
| Select Money Market | Up to 0.20% | $2,500 | $0 | None | $10.00 imposed at interest crediting if one or more daily balances in the statement cycle period fall below $2,500.00. | None | Tiered | |
| Education savings | ||||||||
| IRA Education Money Market Account | 0.15% | $25 | $0 | None | not stated | None | Tiered | |
| Business | ||||||||
| Non-Profit Select Money Market Account | 2.50% | $2,500 | $0 | None | $10.00 imposed at interest crediting if one or more daily balances in the statement cycle period fall below $2,500.00. | None | Tiered | |
Fine print for 2 products above: The fee is charged if the balance falls below $2,500.00 on any single day in the statement cycle, not only on average.
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 7 Day CD | not stated | 0.10% | $2,500 | not stated | not stated |
| Fine print: The term is 7 days. | |||||
| 3 Month (91 Day) CD | 3 months | 0.10% | $2,500 | not stated | not stated |
| Fine print: The term is 91 days. | |||||
| 6 Month (182 Day) CD | 6 months | 0.15% | $2,500 | not stated | not stated |
| Fine print: The term is 182 days. | |||||
| 7 Month CD | 7 months | Up to 3.60% | $2,500 | not stated | not stated |
| 9 Month CD | 9 months | 0.25% | $2,500 | not stated | not stated |
| 10 Month CD | 10 months | 3.41% | $2,500 | not stated | not stated |
| 12 Month CD | 12 months | 4.00% | $2,500 | not stated | not stated |
| 13 Month CD | 13 months | Up to 0.30% | $2,500 | not stated | not stated |
| 14 Month Promo Special CD | 14 months | 0.30% | $500 | not stated | not stated |
| 15 Month CD | 15 months | 3.70% | $500 | not stated | not stated |
| 16 Month Add-On CD | 16 months | 3.65% | $500 | not stated | not stated |
| 18 Month CD | 18 months | 0.30% | $500 | not stated | not stated |
| 20 Month CD | 20 months | 3.65% | $500 | not stated | not stated |
| 24 Month CD | 24 months | 4.25% | $500 | not stated | not stated |
| 30 Month CD | 30 months | 3.75% | $500 | not stated | not stated |
| 36 Month CD | 36 months | 0.40% | $500 | not stated | not stated |
| 37 Month Promo Special CD | 37 months | 0.40% | $500 | not stated | not stated |
| 48 Month CD | 48 months | 0.45% | $500 | not stated | not stated |
| 5 Year CD | 60 months | 0.50% | $500 | not stated | not stated |
Fine print for 2 CDs above: A checking account with the bank is required to open this certificate.
Opening and using the account
| Availability | Available in NY |
|---|---|
| Footprint | 15 branches in NY |
| Eligibility | not stated |
How Ulster Savings Bank behaves over time
Every observation of the advertised Smart Savings rate in the last 12 months was 0.10% (observed through Nov 2, 2026). The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Oct 2, 2026Select Money MarketRaise:0.10%to0.15%
- Obs. Sep 18, 202612 Month CDRaise:0.25%to4.00%
- Obs. Sep 18, 202624 Month CDRaise:0.30%to4.25%
- Smart Savings
- The same as 30 days ago.
- 24 months CD
- The same as 30 days ago.
$10,000 at the 0.10% APY Ulster Savings Bank advertises on Smart Savings grows to $10,010 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,649 does today. See how the federal funds rate shapes savings rates.
Ulster Savings Bank CD rates over time
Who is Ulster Savings Bank?
| Headquarters | Kingston, NY |
|---|---|
| Founded | 1851 |
| Scale | $1.4B assets · $1.2B deposits, $1.0B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 15970 |
| Charter state | New York · one of 107 insured banks chartered there (Q2 2026, FDIC) |
| Size | 738th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 29% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Ulster Savings Bank pays on deposits above.
Common questions about Ulster Savings Bank
Is Ulster Savings Bank FDIC insured?
Yes. Ulster Savings Bank is FDIC insured under certificate 15970, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Ulster Savings Bank?
Ulster Savings Bank requires a minimum deposit of $250 to open its Smart Savings account, as observed on Nov 2, 2026. Check the bank's current terms before you open an account.
Does Ulster Savings Bank have branches?
Yes. Ulster Savings Bank operates 15 branches according to FDIC branch records, in addition to its website and mobile apps.
Ulster Savings Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Ulster Savings Bank | 0.10% | 0.35% | $250 | 15 branches in NY |
| Alliance Bank | 0.10% | 1.33% | $300 | 7 branches in IN |
| Andover State Bank | 0.10% | 2.23% | not stated | 2 branches in KS |
| Argentine Federal Savings | 0.10% | 1.99% | $50 | 2 branches in KS |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Ulster Savings Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in New York, nearest to Ulster Savings Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: CD rates in New York, money market rates in New York, and banks in New York.