Image Courtesy: www.pixabay.com
Image Courtesy: www.pixabay.com
You are viewing rates from banks across Massachusetts
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 - December 15, 2024
1 Year CD National Average : 0.55% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
|
4.58% 0.05% |
$501 $500 |
- |
Learn More
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Rate History: 5.51% → 5.35% → 5.10% → 4.84% → 4.58% |
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4.50% |
$1,000 |
- |
Learn More
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|
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Rate History: 4.85% → 5.15% → 5.05% → 4.50% |
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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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4.50% |
$1,000 |
- |
Learn More
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4.50% |
$500 |
- |
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 |
- |
Learn More
|
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Rate History: 5.00% → 4.50% → 5.00% → 4.50% |
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Sanshir | Sep 14, 2023 Used them my whole life! Great little bank! Read More |
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4.50% |
$1,000 |
- |
Learn More
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4.50% |
$500 |
- |
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 |
- |
Learn More
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|
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Rate History: 1.00% → 2.25% → 4.50% |
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|
4.35% |
$25,000 |
- |
Learn More
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Warning: Early Withdrawal Penalty is 2% of the account balance.
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Frank M | Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More |
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4.34% |
$1,000 |
- |
Learn More
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4.30% |
$1,000 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 180 days interest.
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Rob H. | Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More |
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|
4.25% |
$500 |
- |
Learn More
|
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BW | Jul 17, 2021 I've been with this bank for 6 months and have not had any problems. Bill pay works good. The 24 month investing CD is another vechile I use. Rates are above average considering the national rate. I'd reco... Read More |
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|
4.25% |
$1,000 |
- |
Learn More
|
|
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Rate History: 0.30% → 4.25% |
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|
4.25% |
$500 |
- |
Learn More
|
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Mark Fitzpatrick | Apr 4, 2016 I been with trustco for years and it is well run. They really are a home town bank. As a small business person i appreciate the business card stand they have in the branches for there customers. I was w... Read More |
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|
4.25% |
$1,000 |
- |
Learn More
|
|
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Rate History: 2.50% → 5.00% → 4.75% → 2.50% → 4.25% |
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|
4.25% |
$10 |
- |
Learn More
|
|
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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% |
$2,500 |
- |
Learn More
|
|
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Rate History: 5.40% → 5.25% → 4.85% → 4.60% → 4.25% |
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james | Nov 18, 2023 bank delayed 1-2days to credit into your account, pay less interest. Read More |
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4.25% |
$5,000 |
- |
Learn More
|
|
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Rate History: 4.50% → 4.25% |
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Dana E. | Mar 20, 2016 Good solid bank. Read More |
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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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smithy1968 | Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More |
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4.20% |
$1,000 |
- |
Learn More
|
|
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Early Withdrawal Penalty is 90 days interest.
|
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Dkplan | Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More |
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|
4.20% |
$1,000 |
- |
Learn More
|
|
|
Rate History: 5.00% → 4.60% → 4.20% |
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lrcbob | Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More |
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|
4.05% |
$500 |
- |
Learn More
|
|
|
Rate History: 4.25% → 5.10% → 4.75% → 4.50% → 4.05% |
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|
4.00% |
$0 |
- |
Learn More
|
|
|
Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00% |
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highstream | Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More |
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4.00% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.00% → 4.50% → 4.00% |
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|
4.00% |
$500 |
- |
Learn More
|
|
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Rate History: 4.50% → 4.25% → 4.00% |
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Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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4.00% |
$500 |
- |
Learn More
|
|
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Rate History: 3.53% → 4.75% → 4.50% → 4.25% → 4.00% |
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|
4.00% |
$10,000 |
- |
Learn More
|
|
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Warning: Early withdrawal penalty is 4% of principal withdrawn.
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LarryMass | Dec 8, 2020 Everyone here in Boston raves about Salem Five but it is shithole operation filled with nasty entitled people. As for this online savings product, the fees are ridiculous, the transfer charges are obnoxiou... Read More |
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4.00% |
$1,000 |
- |
Learn More
|
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4.00% |
$1,000 |
- |
Learn More
|
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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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4.00% |
$2,000 |
- |
Learn More
|
|
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Rate History: 5.15% → 5.00% → 4.75% → 4.25% → 4.00% |
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|
4.00% |
$0 |
- |
Learn More
|
|
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Rate History: 4.00% → 4.75% → 4.65% → 4.25% → 4.00% |
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|
4.00% |
$1,000 |
- |
Learn More
|
|
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Rate History: 5.30% → 5.10% → 5.30% → 4.25% → 4.00% |
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lrcbob | Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More |
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|
4.00% |
$500 |
- |
Learn More
|
|
|
Rate History: 1.00% → 4.38% → 4.50% → 4.35% → 4.00% |
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|
3.90% |
$500 |
- |
Learn More
|
|
|
Rate History: 4.00% → 3.90% |
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|
3.80% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.90% → 4.35% → 3.25% → 3.90% → 3.80% |
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|
Jacob | Jan 30, 2020 Find branch personnel are genuinely interested in my business. Read More |
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|
3.75% 0.05% |
$10,000 $10,001 |
- |
Learn More
|
|
|
Rate History: 5.00% → 4.00% → 4.50% → 4.00% → 3.75% |
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|
Turonemckinney17@gmail.com | May 19, 2018 Experience Read More |
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|
3.75% |
$20 |
- |
Learn More
|
|
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Rate History: 4.35% → 5.00% → 4.75% → 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 |
- |
Learn More
|
|
|
Rate History: 3.25% → 4.96% → 5.00% → 4.40% → 3.75% |
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|
3.75% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.00% → 4.50% → 4.00% → 3.75% |
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|
3.67% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.76% → 4.70% → 4.29% → 3.82% → 3.67% |
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|
sur | Aug 16, 2019 Deceptive Sales Practices: Huge Penalties What an awakening! Without any clear statement, and nothing at all on its website, Avidia charged us 50% of the CD’s FULL TERM interest, including both paid... Read More |
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|
3.56% |
$500 |
- |
Learn More
|
|
|
Rate History: 0.50% → 3.82% → 3.30% → 3.82% → 3.56% |
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|
3.55% |
$500 |
- |
Learn More
|
|
|
Rate History: 1.00% → 4.33% → 4.07% → 3.55% |
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|
3.54% |
$1,000 |
- |
Learn More
|
|
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Rate History: 3.85% → 3.64% → 3.54% |
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|
3.51% |
$100,000 |
- |
Learn More
|
|
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Rate History: 0.03% → 3.75% → 4.25% → 3.75% → 3.51% |
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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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|
3.50% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.50% → 3.75% → 4.50% → 4.00% → 3.50% |
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|
Claire blankinship | Aug 5, 2020 I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience. Read More |
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3.50% |
$501 |
- |
Learn More
|
|
|
Rate History: 4.25% → 4.00% → 3.75% → 3.50% |
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|
Maggie | May 11, 2023 They made mistakes twice and would not correct them Read More |
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|
3.50% |
$10 |
- |
Learn More
|
|
|
Rate History: 0.40% → 3.81% → 3.50% |
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|
3.46% |
$1,000 |
- |
Learn More
|
|
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Rate History: 4.34% → 4.08% → 3.82% → 3.72% → 3.46% |
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|
3.40% |
$500 |
- |
Learn More
|
|
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Rate History: 3.56% → 3.40% |
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|
3.35% |
$10 |
- |
Learn More
|
|
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Rate History: 2.31% → 4.14% → 3.61% → 3.35% |
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|
3.25% 3.00% |
$100,000 $10,000 |
- |
Learn More
|
|
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Rate History: 3.00% → 2.00% → 3.50% → 3.25% |
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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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3.25% |
$500 |
- |
Learn More
|
|
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Richard Cushing | Mar 27, 2019 Still waiting for a call back from Liz over a long standing,annoying account problem Read More |
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3.25% 2.75% |
$100,000 $25,000 |
- |
Learn More
|
|
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Rate History: 2.00% → 1.50% → 3.25% |
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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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3.00% |
$500 |
- |
Learn More
|
|
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Rate History: 0.15% → 3.00% |
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3.00% |
$500 |
- |
Learn More
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|
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Rate History: 0.15% → 4.25% → 3.75% → 3.00% |
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2.75% |
$1,000 |
- |
Learn More
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|
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Rate History: 1.00% → 2.25% → 2.75% |
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2.75% |
$500 |
- |
Learn More
|
|
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Rate History: 1.00% → 3.00% → 2.75% |
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2.50% |
$0 |
- |
Learn More
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|
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Rate History: 4.00% → 2.75% → 2.00% → 4.00% → 2.50% |
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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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2.50% |
$1,000 |
- |
Learn More
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Rate History: 3.00% → 4.25% → 3.25% → 3.00% → 2.50% |
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2.48% |
$10,000 |
- |
Learn More
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Rate History: 3.04% → 2.48% |
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2.25% 1.00% |
$501 $500 |
- |
Learn More
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Rate History: 1.00% → 2.25% |
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2.05% |
$1,000 |
- |
Learn More
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Rate History: 4.85% → 4.40% → 4.25% → 3.00% → 2.05% |
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RYAN S | Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More |
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2.00% |
$500 |
- |
Learn More
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Rate History: 0.25% → 2.00% |
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2.00% |
$500 |
- |
Learn More
|
|
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Rate History: 4.50% → 4.25% → 4.75% → 2.25% → 2.00% |
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1.75% |
$500 |
- |
Learn More
|
|
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Rate History: 1.75% → 4.00% → 1.75% |
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1.15% |
$500 |
- |
Learn More
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1.15% |
$500 |
- |
Learn More
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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 |
- |
Learn More
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1.00% |
$1,000 |
- |
Learn More
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1.00% |
$500 |
- |
Learn More
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1.00% |
$500 |
- |
Learn More
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0.80% |
$500 |
- |
Learn More
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burtlaman@verizon.net | Jun 13, 2016 I'm interested in your special sav send info Read More |
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0.75% |
$500 |
- |
Learn More
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0.75% |
$1,000 |
- |
Learn More
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0.70% |
$10,000 |
- |
Learn More
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0.66% |
$500 |
- |
Learn More
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|
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Rate History: 1.02% → 0.66% |
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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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 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$1,000 |
- |
Learn More
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0.50% |
$500 |
- |
Learn More
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Karen nicoli | Jan 23, 2017 2.50 Read More |
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0.50% |
$10,000 |
- |
Learn More
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0.50% |
$10,000 |
- |
Learn More
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0.45% |
$500 |
- |
Learn More
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0.45% |
$10,000 |
- |
Learn More
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0.45% |
$10,000 |
- |
Learn More
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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 |
- |
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 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$500 |
- |
Learn More
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0.40% |
$500 |
- |
Learn More
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Rate History: 4.25% → 0.40% |
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0.40% |
$10,000 |
- |
Learn More
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0.40% |
$1,000 |
- |
Learn More
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Rate History: 1.00% → 0.75% → 0.40% |
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0.35% |
$10,000 |
- |
Learn More
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0.35% |
$1,000 |
- |
Learn More
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|
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Rate History: 0.35% → 5.00% → 0.35% |
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0.35% |
$10 |
- |
Learn More
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Rate History: 0.30% → 0.35% |
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0.35% |
$1,000 |
- |
Learn More
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Rate History: 1.00% → 0.35% |
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0.30% |
$10,000 |
- |
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 |
- |
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Rate History: 1.00% → 0.30% |
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0.30% |
$500 |
- |
Learn More
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0.30% |
$10,000 |
- |
Learn More
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0.30% |
$1,000 |
- |
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0.30% |
$500 |
- |
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0.30% |
$50,000 |
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0.25% |
$25 |
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Learn More
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Incompetent and dishonest | Apr 21, 2020 Expect to not have e-mails responded to properly or phone calls returned. this is the type of institution that you will be dealing with if you go here Read More |
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0.25% |
$10,000 |
- |
Learn More
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0.25% |
$500 |
- |
Learn More
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0.20% |
$10,000 |
- |
Learn More
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0.20% |
$500 |
- |
Learn More
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0.20% |
$10 |
- |
Learn More
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0.20% |
$1,000 |
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0.15% |
$1,000 |
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0.15% |
$10,000 |
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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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0.15% |
$1,000 |
- |
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0.15% |
$1,000 |
- |
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0.10% |
$1,000 |
- |
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0.10% |
$10,000 |
- |
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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% |
$100,000 |
- |
Learn More
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0.10% |
$10,000 |
- |
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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0.10% |
$1,000 |
- |
Learn More
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Rate History: 1.00% → 0.10% |
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John Darretta | Nov 13, 2019 My favorite bank in South Dennis MA. There are always sufficient enough staff so that there is never a long waiting line. And the staff is always pleasant and efficient. Read More |
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0.10% |
$500 |
- |
Learn More
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0.05% |
$2,500 |
- |
Learn More
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Seeko | Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More |
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0.05% |
$10,000 |
- |
Learn More
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0.05% |
$500 |
- |
Learn More
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Ugg | Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More |
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0.03% |
$25,000 |
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GAM | May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... 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.
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