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Massachusetts CD Rates

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

MA - May 26, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Country Bank For Savings 1.36% $25,000 -
Sage Bank 1.10% $1,000 -
First Niagara Bank, National Association 1.01% $500 -
The Needham Bank 1.00% $1,000 -
Patriot Community Bank 1.00% $1,000 -
Bank Of Cape Cod 1.00% $1,000 -
Middlesex Savings Bank 1.00% $10 -
Oneunited Bank 0.90% $1,000 -
Millbury National Bank 0.85% $500 -
First Federal Savings Bank Of Boston 0.85% $100,000 -
Colonial Co-operative Bank 0.80% $40,001 -
Winchester Co-operative Bank 0.80% $500 -
Georgetown Bank 0.80% $1,000 -
Everett Co-operative Bank 0.75% $500 -
Melrose Co-operative Bank 0.75% $500 -
Wakefield Co-operative Bank 0.75% $500 -
Family Federal Savings, F.a. 0.75% $1,000 -
Institution For Savings In Newburyport And Its Vicinity 0.75% $1 -
Rollstone Bank & Trust 0.70% $10,000 -
Salem Five Cents Savings Bank 0.70% $10,000 -
Colonial Co-operative Bank 0.70% $10,001 -
The Savings Bank 0.70% $10 -
Meetinghouse Bank 0.65% $1,000 -
The Cooperative Bank 0.65% $1,000 -
Family Federal Savings, F.a. 0.65% $500 -
Hingham Institution For Savings 0.65% $500 -
Northern Bank & Trust Company 0.60% $500 -
Country Bank For Savings 0.60% $500 -
Bank Of New England 0.60% $500 -
North Shore Bank, A Co-operative Bank 0.60% $1,000 -
Pilgrim Bank 0.60% $1,000 -
First Federal Savings Bank Of Boston 0.60% $1,000 -
North Brookfield Savings Bank 0.60% $500 -
Mutualone Bank 0.55% $500 -
Methuen Co-operative Bank 0.55% $1,000 -
Stonehambank, A Co-operative Bank 0.55% $1,000 -
Eagle Bank 0.55% $500 -
Nbt Bank, National Association 0.50% $1,000 -
Century Bank And Trust Company 0.50% $1 -
Dedham Institution For Savings 0.50% $1,000 -
The Village Bank 0.50% $1,000 -
Haverhill Bank 0.50% $500 -
Equitable Co-operative Bank 0.50% $500 -
Savers Co-operative Bank 0.50% $500 -
Hometown Bank, A Cooperative Bank 0.50% $500 -
Bank Of Easton 0.50% $500 -
S-bank 0.50% $1,000 -
Wrentham Co-operative Bank 0.50% $500 -
Beverly Bank 0.50% $500 -
Wellesley Bank 0.50% $250 -
Northmark Bank 0.50% $500 -
Middlesex Federal Savings, F.a. 0.50% $1 -
Colonial Federal Savings Bank 0.50% $1,000 -
First Republic Bank 0.50% $10,000 -
East Cambridge Savings Bank 0.50% $1,000 -
Clinton Savings Bank 0.50% $10 -
Baycoast Bank 0.50% $10 -
Avidia Bank 0.50% $1,000 -
Marlborough Savings Bank 0.50% $1,000 -
Mountainone Bank 0.50% $10 -
Spencer Savings Bank 0.50% $500 -
Millbury Savings Bank 0.46% $500 -
Commerce Bank & Trust Company 0.45% $1,000 -
The Cape Cod Five Cents Savings Bank 0.45% $1,000 -
Boston Private Bank & Trust Company 0.45% $100,000 -
Abington Bank 0.45% $500 -
Dean Co-operative Bank 0.45% $500 -
Foxboro Federal Savings 0.45% $1,000 -
Northeast Community Bank 0.45% $1,000 -
East Boston Savings Bank 0.45% $1,000 -
North Middlesex Savings Bank 0.45% $500 -
Bridgewater Savings Bank 0.45% $2,000 -
The Lowell Five Cent Savings Bank 0.45% $500 -
Monson Savings Bank 0.45% $1,000 -
Newburyport Five Cents Savings Bank 0.45% $500 -
North Easton Savings Bank 0.45% $500 -
Webster Five Cents Savings Bank 0.45% $10 -
Winchester Savings Bank 0.45% $10 -
Washington Savings Bank 0.41% $500 -
Unibank For Savings 0.41% $500 -
The Edgartown National Bank 0.40% $500 -
Rockland Trust Company 0.40% $1,000 -
Commerce Bank & Trust Company 0.40% $1,000 -
Fall River Five Cents Savings Bank 0.40% $500 -
Florence Savings Bank 0.40% $500 -
Bristol County Savings Bank 0.40% $5,000 -
Boston Private Bank & Trust Company 0.40% $1,000 -
Greenfield Co-operative Bank 0.40% $500 -
Mansfield Co-operative Bank 0.40% $1,000 -
Cape Cod Co-operative Bank 0.40% $500 -
Avon Co-operative Bank 0.40% $1,000 -
Mechanics Cooperative Bank 0.40% $500 -
Enterprise Bank And Trust Company 0.40% $500 -
Salem Co-operative Bank 0.40% $500 -
Mutual Bank 0.40% $100 -
Commonwealth Co-operative Bank 0.40% $1,000 -
Harborone Bank 0.40% $1 -
Adams Community Bank 0.40% $10 -
Athol Savings Bank 0.40% $500 -
Greenfield Savings Bank 0.40% $10 -
Westfield Bank 0.40% $1,000 -
South Shore Bank 0.40% $1,000 -
Bay State Savings Bank 0.40% $1,000 -
The National Grand Bank Of Marblehead 0.35% $1,000 -
Cambridge Trust Company 0.35% $1,000 -
Brookline Bank 0.35% $1,000 -
Canton Co-operative Bank 0.35% $1,000 -
Fidelity Co-operative Bank 0.35% $500 -
The Braintree Co-operative Bank 0.35% $1,000 -
Holbrook Co-operative Bank 0.35% $1,000 -
People's United Bank, National Association 0.35% $500 -
Leader Bank, National Association 0.35% $1,000 -
Blue Hills Bank 0.35% $10 -
The Bank Of Canton 0.35% $1,000 -
Easthampton Savings Bank 0.35% $1,000 -
Martha's Vineyard Savings Bank 0.35% $1,000 -
Pentucket Bank 0.35% $500 -
Marblehead Bank 0.35% $500 -
Randolph Savings Bank 0.35% $1,000 -
Merchants Bank 0.30% $500 -
The Pittsfield Co-operative Bank 0.30% $500 -
Weymouth Bank 0.30% $1,000 -
Milford Federal Savings And Loan Association 0.30% $1,000 -
Chicopee Savings Bank 0.30% $20 -
United Bank 0.25% $500 -
Farmington Bank 0.25% $500 -
Salisbury Bank And Trust Company 0.25% $1,000 -
Salem Five Cents Savings Bank 0.25% $500 -
Southbridge Savings Bank 0.25% $500 -
Belmont Savings Bank 0.25% $500 -
Reading Co-operative Bank 0.25% $500 -
Radius Bank 0.25% $500 -
Lee Bank 0.25% $500 -
The Milford National Bank And Trust Company 0.20% $1,000 -
Td Bank, National Association 0.20% $250 -
Charles River Bank 0.20% $1,000 -
The Provident Bank 0.20% $500 -
Cambridge Savings Bank 0.15% $1,000 -
Berkshire Bank 0.15% $1,000 -
Peoplesbank 0.15% $1,000 -
Webster Bank, National Association 0.10% $2,500 -
Watertown Savings Bank 0.10% $1,000 -
Santander Bank, N.a. 0.10% $10,000 -
Eastern Bank 0.10% $10 -
Bank Of America, National Association 0.07% $10,000 -
Bank Of America, National Association 0.05% $10,000 -
First Niagara Bank, National Association 0.05% $500 -
Trustco Bank 0.05% $500 -
Citizens Bank, National Association 0.03% $1,000 -

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

  • Tammie H.

    April 19, 2016

    Hello,

    I was just wondering if the rates posted on this site were current?

    I noticed at the top it does have todays date.

    Thank you.

  • boo

    April 13, 2016

    rates suck

  • Dan

    March 14, 2016

    The local offerings are there. Just put in your zip code. Click the link that says: Change zip.

  • F Jamees

    March 14, 2016

    Where are the local offerings of 71913. They use to be for local banks, we miss them. F James

  • Larry Triemer (ltriemer@yahoo.com)

    March 02, 2016

    I stopped receiving my weekly bank rates and wanted you to resume sending them. I registered today, again, using my work e-mail and would like for you to send them to the abovementioned e=mail address.

    Thank you,

    Larry Triemer+

  • jim

    February 12, 2016

    bank of Ontario (Ontario wi) offering 1 year ira cd for 1.9%

  • mike

    February 07, 2016

    Why can banks 100 miles away offer rates 5 to 6 time higher on a one year CD , seems banks and or there management in this area simply refuse to be competitive and show no respect for the people , neighbors and area they live and work in.

  • Braun

    December 30, 2015

    @Brian. Click the tabs at the top. You can choose the rate term you want.

  • Brian

    December 30, 2015

    Where are the 60 month CD rates?

  • won't say

    November 05, 2015

    where are the local banks?

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Certificates of Deposit - Branch Banks

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.

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.

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, you visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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