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Image Courtesy: www.pixabay.com
You are viewing rates from banks across Cambridge
Below are the best one-year CD Rates from banks in Cambridge, Massachusetts. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.
Cambridge, MA - August 1, 2025
1 Year CD National Average : 0.55% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.50% |
$1,000 |
9.10 |
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4.50% |
$500 |
15.30 |
Learn More
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Rate History: 0.25% → 5.00% → 4.50% |
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DMuessig | Jan 8, 2018 Another bad bank! Did a hard pull just to open a checking account with no overdraft and denied me. Never even bothered to send a letter or e-mail. Now I have another inquiry on my credit report for nothin... Read More |
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4.50% |
$1,000 |
21.77 |
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4.50% |
$500 |
20.72 |
Learn More
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Rate History: 5.30% → 4.50% → 4.75% → 4.50% |
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|
4.50% 0.50% |
$501 $500 |
4.25 |
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Rate History: 1.00% → 2.25% → 4.50% |
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4.40% |
$10,000 |
- |
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Warning: Early Withdrawal Penalty is 270 days interest. |
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Neil | Dec 18, 2023 I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More |
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4.25% |
$25,000 |
- |
Learn More
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Early Withdrawal Penalty is 6 months interest. |
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79Thru | Mar 21, 2023 Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More |
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4.25% |
$1,000 |
15.74 |
Learn More
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Rate History: 4.00% → 4.50% → 4.00% → 4.13% → 4.25% |
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4.25% |
$1,000 |
- |
Learn More
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Early Withdrawal Penalty is 90 days interest. |
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Savvysaver | Jun 26, 2020 Rate not current Read More |
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4.25% |
$10 |
19.53 |
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Rate History: 5.00% → 4.75% → 4.05% → 4.25% |
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Stephen Clinton | Jan 9, 2021 Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't th... Read More |
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|
4.25% |
$0 |
17.38 |
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Rate History: 4.25% → 4.00% → 4.35% → 4.30% → 4.25% |
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4.20% |
$2,500 |
- |
Learn More
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Early Withdrawal Penalty is 90 days interest. |
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HAL1975 | Aug 2, 2023 Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More |
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4.05% |
$1,000 |
10.33 |
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Rate History: 4.85% → 5.15% → 5.05% → 4.50% → 4.05% |
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george | Feb 9, 2021 The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More |
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4.05% |
$500 |
5.11 |
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Rate History: 4.25% → 5.10% → 4.75% → 4.50% → 4.05% |
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|
4.00% |
$1,000 |
19.61 |
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Shawn | Feb 14, 2022 I had a personal checking account and a business account. All went well until I sent a polite letter pointing out that it is improper, and not good practice, to make online passwords expire. Why should ... Read More |
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3.85% |
$500 |
- |
Learn More
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Rate History: 4.20% → 4.00% → 4.15% → 4.00% → 3.85% |
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Jim S | Dec 21, 2023 Very easy to setup 6 month 5.35% CD from cornerstone account Read More |
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3.75% |
$2,500 |
5.39 |
Learn More
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Early Withdrawal Penalty is 90 days interest. |
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overdrawn | Nov 12, 2022 I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transactio... Read More |
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3.75% |
$20 |
11.04 |
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Rate History: 4.75% → 4.00% → 3.75% → 4.00% → 3.75% |
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Andrea | Apr 18, 2017 Village Bank currently has a 15 mo. CD special at 1.50% Read More |
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3.75% |
$1,000 |
8.52 |
Learn More
|
|
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Rate History: 3.25% → 4.96% → 5.00% → 4.40% → 3.75% |
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3.55% |
$500 |
23.28 |
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|
|
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Rate History: 1.00% → 4.33% → 4.07% → 3.55% |
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3.54% |
$1,000 |
3.86 |
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|
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Rate History: 3.85% → 3.64% → 3.54% |
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3.51% 0.05% |
$10,000 $10,001 |
18.39 |
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Rate History: 4.00% → 4.50% → 4.00% → 3.75% → 3.51% |
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Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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3.50% |
$1,000 |
13.82 |
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|
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Rate History: 0.35% → 4.00% → 0.35% → 3.00% → 3.50% |
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|
3.50% |
$1,000 |
24.15 |
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Rate History: 4.25% → 3.25% → 3.00% → 2.50% → 3.50% |
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3.50% |
$1,000 |
24.63 |
Learn More
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Rate History: 4.35% → 3.25% → 3.90% → 3.80% → 3.50% |
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Jacob | Jan 30, 2020 Find branch personnel are genuinely interested in my business. Read More |
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3.50% |
$5,000 |
19.44 |
Learn More
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Rate History: 4.50% → 4.25% → 4.00% → 4.35% → 3.50% |
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Dana E. | Mar 20, 2016 Good solid bank. Read More |
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3.40% |
$500 |
23.23 |
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Rate History: 3.56% → 3.40% |
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3.25% |
$100,000 |
19.92 |
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Rate History: 3.75% → 4.25% → 3.75% → 3.51% → 3.25% |
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Treasure | Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More |
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3.00% |
$0 |
10.66 |
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Rate History: 2.75% → 2.00% → 4.00% → 2.50% → 3.00% |
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Azoic | Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More |
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3.00% |
$500 |
8.00 |
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Rate History: 0.15% → 3.00% |
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3.00% |
$500 |
17.82 |
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Rate History: 0.15% → 4.25% → 3.75% → 3.00% |
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3.00% |
$0 |
- |
Learn More
|
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Early Withdrawal Penalty is 180 days interest. |
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Jenny Kingston | Jun 10, 2024 I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More |
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2.50% |
$1,000 |
16.01 |
Learn More
|
|
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Rate History: 4.75% → 2.50% → 4.25% → 4.00% → 2.50% |
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|
2.00% |
$10,000 |
4.44 |
Learn More
|
|
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Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00% |
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Hayley7788d@outlook.com | Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More |
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2.00% |
$500 |
20.52 |
Learn More
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Rate History: 0.25% → 2.00% |
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2.00% |
$25,000 |
3.56 |
Learn More
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|
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Rate History: 2.00% → 1.50% → 3.25% → 2.00% |
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Thy King | Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More |
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1.15% |
$500 |
21.59 |
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1.15% |
$500 |
24.79 |
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CS | Sep 3, 2020 Went in to open accounts in Middleboro foy my husband and myself as well as one for my grandson. Without being invited into an office I was asked from across the room if I was opening accounts for the chi... Read More |
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1.00% |
$1,000 |
15.67 |
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|
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0.75% |
$1,000 |
13.62 |
Learn More
|
|
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Rate History: 0.75% → 0.30% → 0.75% |
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0.70% |
$10,000 |
5.96 |
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0.50% |
$10,000 |
20.42 |
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0.50% |
$10,000 |
16.84 |
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|
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rand | Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More |
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0.50% |
$10,000 |
20.47 |
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|
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0.50% |
$1,000 |
17.07 |
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|
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0.50% |
$500 |
15.49 |
Learn More
|
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Karen nicoli | Jan 23, 2017 2.50 Read More |
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0.50% |
$10,000 |
11.55 |
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0.45% |
$10,000 |
11.17 |
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0.45% |
$10,000 |
24.95 |
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cfcbjm | Nov 5, 2020 Appalling customer service! Don't answer the phone, a simple credit line takes days & a mountain of paperwork - absolutely not worth the trouble! Read More |
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0.45% |
$500 |
16.90 |
Learn More
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Rate History: 0.45% → 2.02% → 0.45% |
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Thomas DeMauro | Aug 28, 2022 Rates are totally uncompetitive now. Read More |
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0.40% |
$10,000 |
15.47 |
Learn More
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0.40% |
$500 |
1.71 |
Learn More
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|
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Rate History: 4.25% → 0.40% |
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0.40% |
$10,000 |
1.13 |
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0.40% |
$1,000 |
7.24 |
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|
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Rate History: 1.00% → 0.75% → 0.40% |
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0.35% |
$500 |
7.08 |
Learn More
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Rate History: 0.30% → 0.35% |
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0.35% |
$1,000 |
9.69 |
Learn More
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Rate History: 1.00% → 0.35% |
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0.30% |
$1,000 |
- |
Learn More
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RTN1949 | Jun 2, 2022 I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More |
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0.30% |
$10,000 |
9.81 |
Learn More
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Bill Quinn | Feb 21, 2015 Interesting. Is there an approximate Texas ratio for a bank at which other banks may become very interested in an acquisition. Read More |
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0.30% |
$1,000 |
8.51 |
Learn More
|
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Rate History: 1.00% → 0.30% |
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0.30% |
$1,000 |
5.90 |
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0.30% |
$50,000 |
3.91 |
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0.25% |
$10,000 |
- |
Learn More
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Early Withdrawal Penalty is 181 days interest. |
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UtahJazz1 | Jun 10, 2022 This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More |
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0.25% |
$10,000 |
24.56 |
Learn More
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0.25% |
$500 |
17.71 |
Learn More
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0.20% |
$1,000 |
- |
Learn More
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wertlkgt | Mar 28, 2022 Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More |
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0.20% |
$10,000 |
17.47 |
Learn More
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0.20% |
$1,000 |
22.89 |
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0.15% |
$500 |
- |
Learn More
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The Duffster | May 21, 2018 I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More |
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0.15% |
$10,000 |
13.62 |
Learn More
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Run | Jan 12, 2021 They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More |
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0.10% |
$10,000 |
20.40 |
Learn More
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marcus | Nov 1, 2021 worst bank ever and they racist ruth bitchell and the rest of them ban frontline workers that complain about their mistakes this only happens to blacks Read More |
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0.10% |
$10,000 |
7.18 |
Learn More
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Denyse DuBrucq | Jan 1, 2016 I very much prefer banking here. Everyone is so friendly and know who is calling by voice. Your help getting me through this year where I did as much as possible to launch my business, CryoRain Inc., is ... Read More |
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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.
The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.
Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.
Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.
The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.
Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.
When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.
All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
Use or Change these Amounts And Rates