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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 - February 12, 2016

1 Year CD National Average : 0.37% ?

Bank APY MIN MILES ?
Cambridge Savings Bank 2.00% $500 - Learn MoreShow Less
The Needham Bank 1.20% $1,000 - Learn MoreShow Less
Patriot Community Bank 1.00% $1,000 - Learn MoreShow Less
Bank Of Cape Cod 1.00% $1,000 - Learn MoreShow Less
Sage Bank 0.95% $1,000 - Learn MoreShow Less
The Savings Bank 0.90% $10 - Learn MoreShow Less
Oneunited Bank 0.90% $1,000 - Learn MoreShow Less
First Federal Savings Bank Of Boston 0.85% $100,000 - Learn MoreShow Less
Millbury National Bank 0.85% $500 - Learn MoreShow Less
Winchester Co-operative Bank 0.80% $500 - Learn MoreShow Less
Georgetown Bank 0.80% $1,000 - Learn MoreShow Less
Mansfield Co-operative Bank 0.80% $1,000 - Learn MoreShow Less
Colonial Co-operative Bank 0.80% $40,001 - Learn MoreShow Less
Family Federal Savings, F.a. 0.75% $1,000 - Learn MoreShow Less
Wakefield Co-operative Bank 0.75% $500 - Learn MoreShow Less
Institution For Savings In Newburyport And Its Vicinity 0.75% $1 - Learn MoreShow Less
Melrose Co-operative Bank 0.75% $500 - Learn MoreShow Less
Rollstone Bank & Trust 0.70% $10,000 - Learn MoreShow Less
Meetinghouse Bank 0.70% $1,000 - Learn MoreShow Less
Winchester Savings Bank 0.70% $10 - Learn MoreShow Less
Salem Five Cents Savings Bank 0.70% $10,000 - Learn MoreShow Less
Colonial Co-operative Bank 0.70% $10,001 - Learn MoreShow Less
Hingham Institution For Savings 0.65% $500 - Learn MoreShow Less
Wellesley Bank 0.65% $250 - Learn MoreShow Less
The Cooperative Bank 0.65% $1,000 - Learn MoreShow Less
North Brookfield Savings Bank 0.60% $500 - Learn MoreShow Less
Commerce Bank & Trust Company 0.60% $5,000 - Learn MoreShow Less
First Federal Savings Bank Of Boston 0.60% $1,000 - Learn MoreShow Less
Pilgrim Bank 0.60% $1,000 - Learn MoreShow Less
Country Bank For Savings 0.60% $500 - Learn MoreShow Less
Northern Bank & Trust Company 0.60% $500 - Learn MoreShow Less
Middlesex Savings Bank 0.60% $10 - Learn MoreShow Less
Bank Of New England 0.60% $500 - Learn MoreShow Less
North Shore Bank, A Co-operative Bank 0.60% $1,000 - Learn MoreShow Less
Stonehambank, A Co-operative Bank 0.55% $1,000 - Learn MoreShow Less
Mutualone Bank 0.55% $500 - Learn MoreShow Less
Eagle Bank 0.55% $500 - Learn MoreShow Less
Colonial Federal Savings Bank 0.50% $1,000 - Learn MoreShow Less
Savers Co-operative Bank 0.50% $500 - Learn MoreShow Less
Spencer Savings Bank 0.50% $500 - Learn MoreShow Less
Dedham Institution For Savings 0.50% $1,000 - Learn MoreShow Less
Northmark Bank 0.50% $500 - Learn MoreShow Less
Haverhill Bank 0.50% $500 - Learn MoreShow Less
Bank Of Easton 0.50% $500 - Learn MoreShow Less
Wrentham Co-operative Bank 0.50% $500 - Learn MoreShow Less
Clinton Savings Bank 0.50% $10 - Learn MoreShow Less
Barre Savings Bank 0.50% $500 - Learn MoreShow Less
East Cambridge Savings Bank 0.50% $1,000 - Learn MoreShow Less
Nbt Bank, National Association 0.50% $1,000 - Learn MoreShow Less
The Village Bank 0.50% $1,000 - Learn MoreShow Less
Century Bank And Trust Company 0.50% $1 - Learn MoreShow Less
Commerce Bank & Trust Company 0.50% $1,000 - Learn MoreShow Less
Marlborough Savings Bank 0.50% $1,000 - Learn MoreShow Less
Methuen Co-operative Bank 0.50% $1,000 - Learn MoreShow Less
Equitable Co-operative Bank 0.50% $500 - Learn MoreShow Less
Mountainone Bank 0.50% $10 - Learn MoreShow Less
Baycoast Bank 0.50% $10 - Learn MoreShow Less
Winter Hill Bank, Fsb 0.50% $1,000 - Learn MoreShow Less
Avon Co-operative Bank 0.50% $1,000 - Learn MoreShow Less
S-bank 0.50% $1,000 - Learn MoreShow Less
Beverly Bank 0.50% $500 - Learn MoreShow Less
Hometown Bank, A Cooperative Bank 0.50% $500 - Learn MoreShow Less
Millbury Savings Bank 0.46% $500 - Learn MoreShow Less
Boston Private Bank & Trust Company 0.45% $100,000 - Learn MoreShow Less
North Easton Savings Bank 0.45% $500 - Learn MoreShow Less
Dean Co-operative Bank 0.45% $500 - Learn MoreShow Less
Webster Five Cents Savings Bank 0.45% $10 - Learn MoreShow Less
Bridgewater Savings Bank 0.45% $2,000 - Learn MoreShow Less
Avidia Bank 0.45% $1,000 - Learn MoreShow Less
Foxboro Federal Savings 0.45% $1,000 - Learn MoreShow Less
Abington Bank 0.45% $500 - Learn MoreShow Less
Newburyport Five Cents Savings Bank 0.45% $500 - Learn MoreShow Less
North Middlesex Savings Bank 0.45% $500 - Learn MoreShow Less
Monson Savings Bank 0.45% $1,000 - Learn MoreShow Less
East Boston Savings Bank 0.45% $1,000 - Learn MoreShow Less
Commerce Bank & Trust Company 0.45% $1,000 - Learn MoreShow Less
Northeast Community Bank 0.45% $1,000 - Learn MoreShow Less
The Lowell Five Cent Savings Bank 0.45% $500 - Learn MoreShow Less
Washington Savings Bank 0.41% $500 - Learn MoreShow Less
Unibank For Savings 0.40% $500 - Learn MoreShow Less
South Shore Bank 0.40% $1,000 - Learn MoreShow Less
Cambridge Trust Company 0.40% $1,000 - Learn MoreShow Less
Rockland Trust Company 0.40% $1,000 - Learn MoreShow Less
Adams Community Bank 0.40% $10 - Learn MoreShow Less
The Edgartown National Bank 0.40% $500 - Learn MoreShow Less
Enterprise Bank And Trust Company 0.40% $500 - Learn MoreShow Less
Bristol County Savings Bank 0.40% $5,000 - Learn MoreShow Less
Bay State Savings Bank 0.40% $1,000 - Learn MoreShow Less
Cape Cod Co-operative Bank 0.40% $500 - Learn MoreShow Less
Mutual Bank 0.40% $100 - Learn MoreShow Less
Florence Savings Bank 0.40% $500 - Learn MoreShow Less
Fall River Five Cents Savings Bank 0.40% $500 - Learn MoreShow Less
Greenfield Savings Bank 0.40% $10 - Learn MoreShow Less
Greenfield Co-operative Bank 0.40% $500 - Learn MoreShow Less
Westfield Bank 0.40% $1,000 - Learn MoreShow Less
Mechanics Cooperative Bank 0.40% $500 - Learn MoreShow Less
First Republic Bank 0.40% $10,000 - Learn MoreShow Less
Commonwealth Co-operative Bank 0.40% $1,000 - Learn MoreShow Less
Boston Private Bank & Trust Company 0.40% $1,000 - Learn MoreShow Less
Athol Savings Bank 0.40% $500 - Learn MoreShow Less
Salem Co-operative Bank 0.40% $500 - Learn MoreShow Less
Harborone Bank 0.40% $1 - Learn MoreShow Less
People's United Bank, National Association 0.35% $500 - Learn MoreShow Less
The National Grand Bank Of Marblehead 0.35% $1,000 - Learn MoreShow Less
Brookline Bank 0.35% $1,000 - Learn MoreShow Less
Easthampton Savings Bank 0.35% $1,000 - Learn MoreShow Less
Randolph Savings Bank 0.35% $1,000 - Learn MoreShow Less
Holbrook Co-operative Bank 0.35% $1,000 - Learn MoreShow Less
Martha's Vineyard Savings Bank 0.35% $1,000 - Learn MoreShow Less
Blue Hills Bank 0.35% $10 - Learn MoreShow Less
The Bank Of Canton 0.35% $1,000 - Learn MoreShow Less
Leader Bank, National Association 0.35% $1,000 - Learn MoreShow Less
Fidelity Co-operative Bank 0.35% $500 - Learn MoreShow Less
Canton Co-operative Bank 0.35% $1,000 - Learn MoreShow Less
Marblehead Bank 0.35% $500 - Learn MoreShow Less
Pentucket Bank 0.35% $500 - Learn MoreShow Less
The Braintree Co-operative Bank 0.35% $1,000 - Learn MoreShow Less
The Cape Cod Five Cents Savings Bank 0.35% $1,000 - Learn MoreShow Less
Weymouth Bank 0.30% $1,000 - Learn MoreShow Less
The Pittsfield Co-operative Bank 0.30% $500 - Learn MoreShow Less
Chicopee Savings Bank 0.30% $20 - Learn MoreShow Less
Milford Federal Savings And Loan Association 0.30% $1,000 - Learn MoreShow Less
Merchants Bank 0.30% $1,000 - Learn MoreShow Less
Reading Co-operative Bank 0.25% $500 - Learn MoreShow Less
Farmington Bank 0.25% $500 - Learn MoreShow Less
Belmont Savings Bank 0.25% $500 - Learn MoreShow Less
Salem Five Cents Savings Bank 0.25% $500 - Learn MoreShow Less
Southbridge Savings Bank 0.25% $500 - Learn MoreShow Less
Lee Bank 0.25% $500 - Learn MoreShow Less
United Bank 0.25% $500 - Learn MoreShow Less
Radius Bank 0.25% $500 - Learn MoreShow Less
Salisbury Bank And Trust Company 0.25% $1,000 - Learn MoreShow Less
The Provident Bank 0.20% $500 - Learn MoreShow Less
The Milford National Bank And Trust Company 0.20% $1,000 - Learn MoreShow Less
Charles River Bank 0.20% $1,000 - Learn MoreShow Less
Td Bank, National Association 0.20% $250 - Learn MoreShow Less
Peoplesbank 0.15% $1,000 - Learn MoreShow Less
Cambridge Savings Bank 0.15% $1,000 - Learn MoreShow Less
Berkshire Bank 0.15% $1,000 - Learn MoreShow Less
Webster Bank, National Association 0.10% $2,500 - Learn MoreShow Less
Santander Bank, N.a. 0.10% $10,000 - Learn MoreShow Less
Watertown Savings Bank 0.10% $1,000 - Learn MoreShow Less
Citibank, National Association 0.10% $2,500 - Learn MoreShow Less
Eastern Bank 0.10% $10 - Learn MoreShow Less
Bank Of America, National Association 0.07% $10,000 - Learn MoreShow Less
First Niagara Bank, National Association 0.05% $500 - Learn MoreShow Less
Bank Of America, National Association 0.05% $10,000 - Learn MoreShow Less
Trustco Bank 0.05% $500 - Learn MoreShow Less
Citizens Bank, National Association 0.03% $1,000 - Learn MoreShow Less

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.

  • 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?

  • Stephen C

    August 06, 2015

    It would be nice if you would include an option for all terms e.g., up to 10 years. Also it would help if you could select all banks and credit unions. It has been my experience that some bank and CU's will change their policy of being regional to national.

  • David H. 7/10/15

    July 10, 2015

    Union Savings Bank doesn't have a one year cd for 1.15%

  • Alan Platt

    November 24, 2014

    So stupid that you cannot vote "yes". The only thing that registers is "no".

  • Darren

    September 16, 2014

    Union County Savings Bank in Cranford is offering a 1.3% Jumbo CD Rate for 1 year.

  • Alan Platt

    August 25, 2014

    Why did you stop listing information about DORAL BANK?

  • Allen

    April 11, 2014

    Rate is wrong on "Investar Bank 0.75% $1,000 0.92 +Learn More"

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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.

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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:

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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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