Massachusetts

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Malden, Massachusetts CD Rates 2019

Below are the best one-year CD Rates from banks in Malden, 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.

Malden, MA - September 18, 2019

1 Year CD National Average : 0.99% ?

Advertiser Disclosure
BankS APY MIN MILES ?
2.33% $1,000 4773.44
2.25% $1 4764.14
2.25% $1,000 4768.93
2.10% $1,000 4779.32
2.05% $1,000 4779.90
2.05% $500 4777.08
2.00% $1,000 4773.98
2.00% $500 4865.88
2.00% $10 4778.85
2.00% $1,000 4777.12
2.00% $500 4792.27
2.00% $1,000 4772.94
1.90% $10 4777.19
1.90% $1,000 4779.90
1.87% $100 4810.58
1.76% $500 4788.13
1.76% $500 4788.34
1.75% $1 4774.05
1.75% $10,000 4769.92
1.70% $500 4792.55
1.66% $1,000 4792.55
1.65% $250 4777.05
1.51% $1,000 4800.43
1.50% $20 4777.17
1.50% $1,000 4796.87
1.50% $500 4781.12
1.50% $500 4865.88
1.40% $10 4798.50
1.40% $500 4757.67
1.36% $1,000 4768.67
1.35% $10 4874.62
1.35% $500 4779.25
1.25% $1,000 4790.68
1.20% $10 4790.39
1.20% $10 4746.11
1.05% $1,000 4764.92
1.01% $1,000 4763.88
1.00% $500 4786.31
1.00% $500 4789.09
1.00% $500 4792.19
1.00% $500 4786.89
0.90% $500 4784.66
0.80% $1,000 4860.19
0.80% $500 4754.02
0.78% $1,000 4787.65
0.75% $1,000 4808.45
0.75% $500 4776.50
0.75% $1,000 4776.47
0.75% $500 4798.79
0.75% $500 4778.66
0.65% $500 4758.70
0.65% $1,000 4762.38
0.65% $500 4781.91
0.60% $500 4750.86
0.60% $500 4816.04
0.60% $500 4792.37
0.60% $1,000 4756.67
0.60% $500 4768.75
0.60% $25 4808.94
0.60% $500 4816.38
0.55% $500 4829.24
0.55% $500 4771.70
0.50% $1,000 4771.14
0.50% $10 4863.42
0.50% $1 4769.55
0.50% $500 4770.35
0.50% $1,000 4774.25
0.50% $1,000 4769.59
0.50% $500 4771.70
0.50% $2,000 4749.80
0.50% $500 4772.74
0.45% $500 4786.05
0.45% $500 4772.38
0.45% $500 4792.19
0.45% $500 4793.19
0.45% $1,000 4811.63
0.45% $1,000 4768.35
0.40% $1,000 4764.83
0.40% $1,000 4771.24
0.40% $1,000 4775.69
0.40% $10 4844.14
0.40% $500 4733.01
0.40% $500 4759.95
0.40% $5,000 4752.00
0.40% $1 4756.59
0.40% $500 4828.92
0.40% $500 4844.19
0.40% $500 4836.52
0.40% $500 4759.17
0.40% $1,000 4859.59
0.35% $1 4833.91
0.35% $500 4767.27
0.35% $100,000 4844.18
0.35% $1,000 4767.42
0.35% $1,000 4760.93
0.30% $10,000 4844.18
0.30% $1,000 4826.00
0.30% $2,500 4733.68
0.30% $1,000 4772.91
0.25% $500 4859.58
0.25% $500 4798.16
0.25% $500 4769.92
0.25% $500 4864.69
0.25% $500 4770.33
0.25% $100,000 4823.52
0.20% $1,000 4823.52
0.20% $500 4773.15
0.20% $500 4770.33
0.20% $1,000 4828.53
0.15% $10,000 4828.52
0.15% $200 4796.98
0.10% $1,000 4775.42
0.10% $1,000 4764.04
0.10% $500 4773.15
0.07% $10,000 4772.95
0.05% $10,000 4772.95
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2019

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.

CD Terms

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.

CD Risk

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.

How Interest is Paid

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.

Interest Rate

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.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

  • The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
  • One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

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.

SAVINGS & CD CALCULATOR

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