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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 3, 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 -
The Needham Bank 1.10% $1,000 -
Patriot Community Bank 1.00% $1,000 -
Middlesex Savings Bank 1.00% $10 -
Bank Of Cape Cod 1.00% $1,000 -
Oneunited Bank 0.90% $1,000 -
First Federal Savings Bank Of Boston 0.85% $100,000 -
Millbury National Bank 0.85% $500 -
Winchester Co-operative Bank 0.80% $500 -
Georgetown Bank 0.80% $1,000 -
Colonial Co-operative Bank 0.80% $40,001 -
Family Federal Savings, F.a. 0.75% $1,000 -
Wakefield Co-operative Bank 0.75% $500 -
Institution For Savings In Newburyport And Its Vicinity 0.75% $1 -
Melrose Co-operative Bank 0.75% $500 -
Everett Co-operative Bank 0.75% $500 -
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 -
Hingham Institution For Savings 0.65% $500 -
Family Federal Savings, F.a. 0.65% $500 -
The Cooperative Bank 0.65% $1,000 -
North Brookfield Savings Bank 0.60% $500 -
First Federal Savings Bank Of Boston 0.60% $1,000 -
Pilgrim Bank 0.60% $1,000 -
Country Bank For Savings 0.60% $500 -
Northern Bank & Trust Company 0.60% $500 -
Bank Of New England 0.60% $500 -
North Shore Bank, A Co-operative Bank 0.60% $1,000 -
Methuen Co-operative Bank 0.55% $1,000 -
Stonehambank, A Co-operative Bank 0.55% $1,000 -
Eagle Bank 0.55% $500 -
Mutualone Bank 0.55% $500 -
Winter Hill Bank, Fsb 0.50% $1,000 -
Colonial Federal Savings Bank 0.50% $1,000 -
Savers Co-operative Bank 0.50% $500 -
Spencer Savings Bank 0.50% $500 -
Dedham Institution For Savings 0.50% $1,000 -
Northmark Bank 0.50% $500 -
Haverhill Bank 0.50% $500 -
Bank Of Easton 0.50% $500 -
Wrentham Co-operative Bank 0.50% $500 -
Clinton Savings Bank 0.50% $10 -
East Cambridge Savings Bank 0.50% $1,000 -
Nbt Bank, National Association 0.50% $1,000 -
The Village Bank 0.50% $1,000 -
Century Bank And Trust Company 0.50% $1 -
Marlborough Savings Bank 0.50% $1,000 -
Wellesley Bank 0.50% $250 -
Equitable Co-operative Bank 0.50% $500 -
Mountainone Bank 0.50% $10 -
Baycoast Bank 0.50% $10 -
Middlesex Federal Savings, F.a. 0.50% $1 -
S-bank 0.50% $1,000 -
Beverly Bank 0.50% $500 -
Hometown Bank, A Cooperative Bank 0.50% $500 -
Avidia Bank 0.50% $1,000 -
Millbury Savings Bank 0.46% $500 -
Boston Private Bank & Trust Company 0.45% $100,000 -
North Easton Savings Bank 0.45% $500 -
Dean Co-operative Bank 0.45% $500 -
Webster Five Cents Savings Bank 0.45% $10 -
The Cape Cod Five Cents Savings Bank 0.45% $1,000 -
Bridgewater Savings Bank 0.45% $2,000 -
Foxboro Federal Savings 0.45% $1,000 -
Abington Bank 0.45% $500 -
Newburyport Five Cents Savings Bank 0.45% $500 -
North Middlesex Savings Bank 0.45% $500 -
Monson Savings Bank 0.45% $1,000 -
East Boston Savings Bank 0.45% $1,000 -
Commerce Bank & Trust Company 0.45% $1,000 -
Winchester Savings Bank 0.45% $10 -
Northeast Community Bank 0.45% $1,000 -
The Lowell Five Cent Savings Bank 0.45% $500 -
Washington Savings Bank 0.41% $500 -
Unibank For Savings 0.41% $500 -
South Shore Bank 0.40% $1,000 -
Cambridge Trust Company 0.40% $1,000 -
Rockland Trust Company 0.40% $1,000 -
Adams Community Bank 0.40% $10 -
The Edgartown National Bank 0.40% $500 -
Enterprise Bank And Trust Company 0.40% $500 -
Bristol County Savings Bank 0.40% $5,000 -
Bay State Savings Bank 0.40% $1,000 -
Cape Cod Co-operative Bank 0.40% $500 -
Mutual Bank 0.40% $100 -
Commerce Bank & Trust Company 0.40% $1,000 -
Florence Savings Bank 0.40% $500 -
Fall River Five Cents Savings Bank 0.40% $500 -
Greenfield Savings Bank 0.40% $10 -
Greenfield Co-operative Bank 0.40% $500 -
Westfield Bank 0.40% $1,000 -
Athol Savings Bank 0.40% $500 -
Mechanics Cooperative Bank 0.40% $500 -
Mansfield Co-operative Bank 0.40% $1,000 -
Commonwealth Co-operative Bank 0.40% $1,000 -
Avon Co-operative Bank 0.40% $1,000 -
Boston Private Bank & Trust Company 0.40% $1,000 -
Salem Co-operative Bank 0.40% $500 -
Harborone Bank 0.40% $1 -
People's United Bank, National Association 0.35% $500 -
The National Grand Bank Of Marblehead 0.35% $1,000 -
Brookline Bank 0.35% $1,000 -
Easthampton Savings Bank 0.35% $1,000 -
Randolph Savings Bank 0.35% $1,000 -
Holbrook Co-operative Bank 0.35% $1,000 -
Martha's Vineyard Savings Bank 0.35% $1,000 -
Blue Hills Bank 0.35% $10 -
The Bank Of Canton 0.35% $1,000 -
Leader Bank, National Association 0.35% $1,000 -
Fidelity Co-operative Bank 0.35% $500 -
Canton Co-operative Bank 0.35% $1,000 -
Marblehead Bank 0.35% $500 -
Pentucket Bank 0.35% $500 -
The Braintree Co-operative Bank 0.35% $1,000 -
Weymouth Bank 0.30% $1,000 -
The Pittsfield Co-operative Bank 0.30% $500 -
Chicopee Savings Bank 0.30% $20 -
Merchants Bank 0.30% $500 -
First Republic Bank 0.30% $10,000 -
Milford Federal Savings And Loan Association 0.30% $1,000 -
Reading Co-operative Bank 0.25% $500 -
Farmington Bank 0.25% $500 -
Belmont Savings Bank 0.25% $500 -
Salem Five Cents Savings Bank 0.25% $500 -
Southbridge Savings Bank 0.25% $500 -
Lee Bank 0.25% $500 -
United Bank 0.25% $500 -
Radius Bank 0.25% $500 -
Salisbury Bank And Trust Company 0.25% $1,000 -
The Provident Bank 0.20% $500 -
The Milford National Bank And Trust Company 0.20% $1,000 -
Charles River Bank 0.20% $1,000 -
Td Bank, National Association 0.20% $250 -
Peoplesbank 0.15% $1,000 -
Cambridge Savings Bank 0.15% $1,000 -
Berkshire Bank 0.15% $1,000 -
Webster Bank, National Association 0.10% $2,500 -
Santander Bank, N.a. 0.10% $10,000 -
Watertown Savings Bank 0.10% $1,000 -
Eastern Bank 0.10% $10 -
Bank Of America, National Association 0.07% $10,000 -
First Niagara Bank, National Association 0.05% $500 -
Bank Of America, National Association 0.05% $10,000 -
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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