Best Local Bank Savings and Money Market Rates in Lowell, Massachusetts, MA June 18, 2025

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If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

Lowell, MA - June 18, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Washington Savings Bank Washington Savings Bank Branch	50.00% 10.00%	$25,000 $10	Learn More Add Review
Rate History: 0.10% → 50.00%
Citibank, National Association Wellesley Center Branch	4.35% 0.20%	$0 $1	Learn More
Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%. Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%
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 Reviews (22)
Northern Bank & Trust Company Littleton Branch	4.25% 0.35%	$0 $25	Learn More Add Review
Rate History: 4.25% → 0.10% → 4.25% → 0.10% → 4.25%
Everett Co-operative Bank Everett Co-Operative Bank Branch	4.25% 0.35% 0.10% 0.05%	$100,000 $250,000 $10,000 $10	Learn More Add Review
Rate History: 4.50% → 4.25%
Mutualone Bank Lincoln Street Branch	4.07% 0.40%	$20,000 $500	Learn More
Thomas DeMauro \| Aug 28, 2022 Rates are totally uncompetitive now. Read More Reviews (11)
Fidelity Co-operative Bank Shirley Branch	4.00% 1.00% 0.30% 0.25%	$0 $1 $25 $10	Learn More
burtlaman@verizon.net \| Jun 13, 2016 I'm interested in your special sav send info Read More Reviews (1)
Needham Bank Wellesley Branch	4.00% 0.15%	$50,000 $25,000	Learn More
Rate History: 4.35% → 4.00%
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 Reviews (2)
Beal Bank Usa Boston Branch	3.75%	$500	Learn More
Rate History: 4.25% → 3.75%
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 Reviews (3)
The Cooperative Bank Charlestown Branch	3.75% 2.00% 0.75%	$50,000 $2,500 $100,000	Learn More Add Review
Rate History: 1.00% → 0.75% → 3.75%
Winchester Co-operative Bank Winchester Co-Operative Bank Branch	3.75% 3.05% 1.00%	$500,000 $2,500 $0	Learn More Add Review
Rate History: 4.05% → 0.10% → 4.05% → 4.00% → 3.75%
Salem Five Cents Savings Bank Sudbury Branch	3.70% 0.10%	$50,000 $0	Learn More
Rate History: 0.01% → 3.70%
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 Reviews (2)
Citizens Bank, National Association Groton Branch	3.70%	$0	Learn More
Rate History: 4.50% → 4.15% → 3.90% → 3.70%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (2)
Td Bank, National Association Hudson Branch	3.70% 2.25%	$100,000 $50,000	Learn More
Rate History: 4.00% → 3.70%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Beal Bank Usa Boston Branch	3.50%	$25,000	Learn More
Rate History: 4.00% → 3.50%
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 Reviews (3)
Institution For Savings In Newburyport And Its Vicinity Middleton Office Branch	3.50% 1.80% 0.50% 0.40% 0.25%	$100,000 $25,000 $1 $50,000 $1	Learn More
Rate History: 1.00% → 5.03% → 4.50% → 4.00% → 3.50%
Karen nicoli \| Jan 23, 2017 2.50 Read More Reviews (1)
The Savings Bank Methuen Branch	3.50% 0.08% 0.03%	$10 $11 $0	Learn More Add Review
Rate History: 4.07% → 3.92% → 3.82% → 3.71% → 3.50%
Northern Bank & Trust Company Littleton Branch	3.50% 3.35% 3.25% 0.20% 0.15% 0.10% 0.05%	$250,001 $100,000 $50,001 $250,000 $50,000 $2,500 $0	Learn More Add Review
Rate History: 1.00% → 3.50%
East Cambridge Savings Bank Wal-Lex Shopping Center Branch	3.50% 0.20%	$100,001 $10	Learn More Add Review
Rate History: 1.00% → 0.10% → 3.50%
Institution For Savings In Newburyport And Its Vicinity Middleton Office Branch	3.25% 3.00% 2.00% 1.85% 1.50% 0.30%	$2,000,000 $250,000 $1,000,000 $500,000 $0 $250,001	Learn More
Rate History: 5.40% → 4.50% → 3.75% → 3.25%
Karen nicoli \| Jan 23, 2017 2.50 Read More Reviews (1)
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	3.25% 2.25% 1.50% 1.00% 0.25%	$1,000,000 $750,000 $250,000 $100,000 $100	Learn More Add Review
Rate History: 1.00% → 4.25% → 4.00% → 3.75% → 3.25%
Dedham Institution For Savings Carleton Willard Branch	3.00% 0.50% 0.05%	$100,000 $10,000 $0	Learn More Add Review
The Village Bank Wayland Branch	3.00% 1.50% 1.00% 0.75% 0.25%	$500,000 $150,000 $75,000 $25,000 $0	Learn More
Andrea \| Apr 18, 2017 Village Bank currently has a 15 mo. CD special at 1.50% Read More Reviews (1)
Citizens Bank, National Association Groton Branch	3.00% 2.75%	$250,000 $25,000	Learn More
Rate History: 1.00% → 3.00%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (2)
Winchester Co-operative Bank Winchester Co-Operative Bank Branch	2.75%	$10	Learn More Add Review
Rate History: 3.25% → 3.00% → 2.75%
Capital One, National Association	2.50%	$1	Learn More
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 Reviews (16)
Eagle Bank Lexington Center Branch	2.20% 1.75% 0.05%	$1,000,000 $250,000 $250	Learn More Add Review
Rate History: 3.00% → 3.05% → 2.95% → 2.45% → 2.20%
Middlesex Savings Bank Groton Branch	1.65% 1.50%	$100,000 $50,000	Learn More
Rate History: 1.00% → 1.65%
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 Reviews (1)
Rockland Trust Company Wellesley Hills Branch	1.50% 0.90%	$1,000,000 $25,000	Learn More
Sanshir \| Sep 14, 2023 Used them my whole life! Great little bank! Read More Reviews (3)
Middlesex Savings Bank Groton Branch	1.45%	$10	Learn More
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 Reviews (1)
Pentucket Bank Lowell Avenue Branch	1.31% 1.21%	$500,000 $50,000	Learn More Add Review
Rate History: 1.26% → 1.31%
North Shore Bank, A Co-operative Bank Lynn Fells Parkway Branch	1.25% 0.40% 0.10%	$75,000 $20,000 $10	Learn More Add Review
Pentucket Bank Lowell Avenue Branch	1.16% 1.13%	$10,000 $1,000	Learn More Add Review
Rate History: 1.11% → 1.16%
Wells Fargo Bank, National Association Boston Abbot Downing Trust Office Branch	1.01% 0.01%	$100,000 $1	Learn More
Rate History: 1.01% → 1.02% → 1.01%
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 Reviews (7)
The Savings Bank Methuen Branch	1.01% 0.30% 0.15%	$1,000,000 $100,000 $50,000	Learn More Add Review
Rate History: 1.01% → 1.01%
Leader Bank, National Association Burlington Branch	1.00%	$10	Learn More Add Review
Stonehambank, A Co-operative Bank Billerica Branch	1.00%	$11	Learn More Add Review
Methuen Co-operative Bank Methuen Co-Operative Bank Branch	0.80% 0.30%	$1,000,000 $25,000	Learn More Add Review
Rate History: 1.00% → 0.80%
The Lowell Five Cent Savings Bank Pepperell Branch	0.50% 0.35% 0.25% 0.15% 0.05%	$750,000 $500,000 $250,000 $100,000 $0	Learn More Add Review
Rate History: 1.00% → 0.50%
Rollstone Bank & Trust Harvard Branch	0.40% 0.20%	$60,000 $30,000	Learn More Add Review
Middlesex Federal Savings, F.a. Middlesex Federal Savings, F.A. - Teele Square Branch	0.40% 0.25%	$50 $10,000	Learn More Add Review
Rollstone Bank & Trust Harvard Branch	0.35%	$60,000	Learn More Add Review
The Bank Of Canton Brookline Branch	0.35% 0.25% 0.10% 0.05%	$100,000 $50,000 $10 $10	Learn More Add Review
Mountainone Bank Danvers Branch	0.30%	$25,000	Learn More Add Review
Winchester Savings Bank Woburn Branch	0.30%	$2,500	Learn More Add Review
Mutualone Bank Lincoln Street Branch	0.30% 0.20%	$200,000 $10,000	Learn More
Thomas DeMauro \| Aug 28, 2022 Rates are totally uncompetitive now. Read More Reviews (11)
Cathay Bank Boston Branch	0.25% 0.20%	$1,000,000 $500,000	Learn More Add Review
Mountainone Bank Danvers Branch	0.25%	$10,000	Learn More Add Review
Coastal Heritage Bank Equitable Co-Operative Bk Br Branch	0.25%	$10,000	Learn More Add Review
Eagle Bank Lexington Center Branch	0.25% 0.10%	$500,000 $100	Learn More Add Review
Rate History: 1.00% → 0.25% → 0.30% → 0.25%
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
Rockland Trust Company Wellesley Hills Branch	0.20% 0.05%	$10,000 $0	Learn More
Sanshir \| Sep 14, 2023 Used them my whole life! Great little bank! Read More Reviews (3)
Mountainone Bank Danvers Branch	0.20%	$25,000	Learn More Add Review
Eagle Bank Lexington Center Branch	0.20%	$2,500	Learn More Add Review
Rate History: 0.25% → 0.20%
Stonehambank, A Co-operative Bank Billerica Branch	0.20% 0.15% 0.10% 0.05%	$250,000 $100,000 $25,000 $10	Learn More Add Review
Rate History: 1.00% → 0.20%
The Provident Bank The Provident Bank Branch	0.15%	$10	Learn More Add Review
Brookline Bank Wellesley Hills Branch	0.15%	$25,000	Learn More
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 Reviews (1)
Mountainone Bank Danvers Branch	0.15%	$10,000	Learn More Add Review
Cambridge Savings Bank Acton Branch	0.15%	$10,000	Learn More
rand \| Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More Reviews (2)
Winchester Savings Bank Woburn Branch	0.15%	$2,500	Learn More Add Review
Coastal Heritage Bank Equitable Co-Operative Bk Br Branch	0.15%	$2,500	Learn More Add Review
Pentucket Bank Lowell Avenue Branch	0.12%	$10	Learn More Add Review
Rate History: 0.07% → 0.12%
The Provident Bank The Provident Bank Branch	0.10%	$2,500	Learn More Add Review
Brookline Bank Wellesley Hills Branch	0.10%	$10,000	Learn More
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 Reviews (1)
Reading Co-operative Bank Burlington Office Branch	0.10% 0.05%	$100,000 $1	Learn More Add Review
Mountainone Bank Danvers Branch	0.10%	$2,500	Learn More Add Review
Cambridge Savings Bank Acton Branch	0.10%	$2,500	Learn More
rand \| Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More Reviews (2)
Watertown Savings Bank Lexington Branch	0.10%	$2,500	Learn More
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 Reviews (1)
Haverhill Bank Haverhill High Office Branch	0.10%	$2,500	Learn More Add Review
Methuen Co-operative Bank Methuen Co-Operative Bank Branch	0.10%	$10	Learn More Add Review
Coastal Heritage Bank Equitable Co-Operative Bk Br Branch	0.10%	$2,500	Learn More Add Review
Salem Co-operative Bank 284 Merrimack Street Branch	0.10%	$2,500	Learn More Add Review
The Village Bank Wayland Branch	0.05% 0.01%	$0 $2	Learn More
Rate History: 1.00% → 0.05%
Andrea \| Apr 18, 2017 Village Bank currently has a 15 mo. CD special at 1.50% Read More Reviews (1)
Santander Bank, N.a. Townsend Branch	0.05%	$10,000	Learn More
You must have a Premier Checking account to obtain this rate.
Maggie \| May 11, 2023 They made mistakes twice and would not correct them Read More Reviews (6)
Cathay Bank Boston Branch	0.05%	$50,000	Learn More Add Review
Brookline Bank Wellesley Hills Branch	0.05%	$2,500	Learn More
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 Reviews (1)
Eastern Bank Westford Branch	0.05%	$10,000	Learn More
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 Reviews (1)
Mountainone Bank Danvers Branch	0.05%	$2,500	Learn More Add Review
Cambridge Savings Bank Acton Branch	0.05%	$2,500	Learn More
rand \| Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More Reviews (2)
Enterprise Bank And Trust Company Westford Branch	0.05%	$10,000	Learn More Add Review
Watertown Savings Bank Lexington Branch	0.05%	$2,500	Learn More
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 Reviews (1)
Washington Savings Bank Washington Savings Bank Branch	0.05%	$50	Learn More Add Review
Needham Bank Wellesley Branch	0.05%	$10	Learn More
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 Reviews (2)
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	0.05% 0.02%	$10 $0	Learn More Add Review
North Shore Bank, A Co-operative Bank Lynn Fells Parkway Branch	0.05%	$10	Learn More Add Review
Bank Of New England Methuen Branch	0.05%	$2,500	Learn More Add Review
Santander Bank, N.a. Townsend Branch	0.03%	$0	Learn More
Maggie \| May 11, 2023 They made mistakes twice and would not correct them Read More Reviews (6)
Eastern Bank Westford Branch	0.02%	$2,500	Learn More
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 Reviews (1)
Webster Bank, National Association Boston Branch	0.02%	$2,500	Learn More Add Review
Enterprise Bank And Trust Company Westford Branch	0.02%	$2,500	Learn More Add Review
Jpmorgan Chase Bank, National Association Boston Branch	0.02%	$25,000	Learn More
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (25)
Manufacturers And Traders Trust Company Boston Branch	0.01%	$1	Learn More
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 Reviews (3)
Reading Co-operative Bank Burlington Office Branch	0.01%	$1	Learn More Add Review
Rockland Trust Company Wellesley Hills Branch	0.01%	$0	Learn More
Sanshir \| Sep 14, 2023 Used them my whole life! Great little bank! Read More Reviews (3)
Salem Five Cents Savings Bank Sudbury Branch	0.01%	$10	Learn More
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 Reviews (2)
Webster Bank, National Association Boston Branch	0.01%	$2,500	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

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Branches Info around Lowell, MA - June 18, 2025

Branch	Street	City	State
Washington Savings Bank Washington Savings Bank Branch	30 Middlesex Street	Lowell	MA
Washington Savings Bank Washington Savings Bank Branch	30 Middlesex Street	Lowell	MA
Citibank, National Association Wellesley Center Branch	84 Central Street	Wellesley	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Everett Co-operative Bank Everett Co-Operative Bank Branch	419 Broadway	Everett	MA
MutualOne Bank Lincoln Street Branch	One Lincoln Street	Framingham	MA
Fidelity Co-operative Bank Shirley Branch	21 Main Street	Shirley	MA
Needham Bank Wellesley Branch	458 Washington Street	Wellesley	MA
Beal Bank USA Boston Branch	161 Linden Street, Ssuite 105	Wellesley	MA
The Cooperative Bank Charlestown Branch	201 Main Street	Charlestown	MA
Winchester Co-operative Bank Winchester Co-Operative Bank Branch	19 Church Street	Winchester	MA
Salem Five Cents Savings Bank Sudbury Branch	19 Concord Road	Sudbury	MA
Citizens Groton Branch	163 Main Street	Groton	MA
TD Bank, National Association Hudson Branch	177 Broad Street	Hudson	MA
Beal Bank USA Boston Branch	161 Linden Street, Ssuite 105	Wellesley	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
The Savings Bank Methuen Branch	17 Burnham Road	Methuen	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
East Cambridge Savings Bank Wal-Lex Shopping Center Branch	860 Lexington Street	Waltham	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Winchester Co-operative Bank Winchester Co-Operative Bank Branch	19 Church Street	Winchester	MA
Dedham Institution for Savings Carleton Willard Branch	100 Old Billerica Road	Bedford	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Citizens Groton Branch	163 Main Street	Groton	MA
Winchester Co-operative Bank Winchester Co-Operative Bank Branch	19 Church Street	Winchester	MA
Citizens Groton Branch	163 Main Street	Groton	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
TD Bank, National Association Hudson Branch	177 Broad Street	Hudson	MA
Eagle Bank Lexington Center Branch	1768 Massachusetts Avenue	Lexington	MA
The Cooperative Bank Charlestown Branch	201 Main Street	Charlestown	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Eagle Bank Lexington Center Branch	1768 Massachusetts Avenue	Lexington	MA
Middlesex Savings Bank Groton Branch	112 Boston Road	Groton	MA
Middlesex Savings Bank Groton Branch	112 Boston Road	Groton	MA
Rockland Trust Company Wellesley Hills Branch	330b Washington Street	Wellesley Hills	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Middlesex Savings Bank Groton Branch	112 Boston Road	Groton	MA
Pentucket Bank Lowell Avenue Branch	395 Lowell Avenue	Haverhill	MA
North Shore Bank, a Co-operative Bank Lynn Fells Parkway Branch	412 Lynn Fells Parkway	Saugus	MA
Pentucket Bank Lowell Avenue Branch	395 Lowell Avenue	Haverhill	MA
Pentucket Bank Lowell Avenue Branch	395 Lowell Avenue	Haverhill	MA
Pentucket Bank Lowell Avenue Branch	395 Lowell Avenue	Haverhill	MA
Wells Fargo Bank, National Association Boston Abbot Downing Trust Office Branch	200 Berkeley Street	Boston	MA
The Savings Bank Methuen Branch	17 Burnham Road	Methuen	MA
Fidelity Co-operative Bank Shirley Branch	21 Main Street	Shirley	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
Leader Bank, National Association Burlington Branch	50 Mall Rd	Burlington	MA
StonehamBank, A Co-operative Bank Billerica Branch	493 Boston Road	Billerica	MA
Winchester Co-operative Bank Winchester Co-Operative Bank Branch	19 Church Street	Winchester	MA
Rockland Trust Company Wellesley Hills Branch	330b Washington Street	Wellesley Hills	MA
Methuen Co-operative Bank Methuen Co-Operative Bank Branch	243 Broadway	Methuen	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA
The Cooperative Bank Charlestown Branch	201 Main Street	Charlestown	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Dedham Institution for Savings Carleton Willard Branch	100 Old Billerica Road	Bedford	MA
The Lowell Five Cent Savings Bank Pepperell Branch	65 Groton Street	Pepperell	MA
MutualOne Bank Lincoln Street Branch	One Lincoln Street	Framingham	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
Rollstone Bank & Trust Harvard Branch	Route 110 And Old Mill Road	Harvard	MA
Middlesex Federal Savings, F.A. Middlesex Federal Savings, F.A. - Teele Square Branch	1196 Broadway	Somerville	MA
North Shore Bank, a Co-operative Bank Lynn Fells Parkway Branch	412 Lynn Fells Parkway	Saugus	MA
Rollstone Bank & Trust Harvard Branch	Route 110 And Old Mill Road	Harvard	MA
Everett Co-operative Bank Everett Co-Operative Bank Branch	419 Broadway	Everett	MA
The Bank of Canton Brookline Branch	166 Harvard Street	Brookline	MA
The Lowell Five Cent Savings Bank Pepperell Branch	65 Groton Street	Pepperell	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
MountainOne Bank Danvers Branch	140 Commonwealth Avenue	Danvers	MA
Fidelity Co-operative Bank Shirley Branch	21 Main Street	Shirley	MA
Winchester Savings Bank Woburn Branch	344 Cambridge Road	Woburn	MA
The Savings Bank Methuen Branch	17 Burnham Road	Methuen	MA
MutualOne Bank Lincoln Street Branch	One Lincoln Street	Framingham	MA
Methuen Co-operative Bank Methuen Co-Operative Bank Branch	243 Broadway	Methuen	MA
Cathay Bank Boston Branch	621 Washington Street	Boston	MA
Institution for Savings in Newburyport and Its Vicinity Middleton Office Branch	161 South Main Street	Middleton	MA
MountainOne Bank Danvers Branch	140 Commonwealth Avenue	Danvers	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA
Fidelity Co-operative Bank Shirley Branch	21 Main Street	Shirley	MA
Middlesex Federal Savings, F.A. Middlesex Federal Savings, F.A. - Teele Square Branch	1196 Broadway	Somerville	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
Coastal Heritage Bank Equitable Co-Operative Bk Br Branch	400 Broadway	Lynn	MA
The Bank of Canton Brookline Branch	166 Harvard Street	Brookline	MA
The Lowell Five Cent Savings Bank Pepperell Branch	65 Groton Street	Pepperell	MA
Eagle Bank Lexington Center Branch	1768 Massachusetts Avenue	Lexington	MA
Cathay Bank Boston Branch	621 Washington Street	Boston	MA
Rockland Trust Company Wellesley Hills Branch	330b Washington Street	Wellesley Hills	MA
MountainOne Bank Danvers Branch	140 Commonwealth Avenue	Danvers	MA
Eagle Bank Lexington Center Branch	1768 Massachusetts Avenue	Lexington	MA
Rollstone Bank & Trust Harvard Branch	Route 110 And Old Mill Road	Harvard	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
MutualOne Bank Lincoln Street Branch	One Lincoln Street	Framingham	MA
StonehamBank, A Co-operative Bank Billerica Branch	493 Boston Road	Billerica	MA
East Cambridge Savings Bank Wal-Lex Shopping Center Branch	860 Lexington Street	Waltham	MA
Citibank, National Association Wellesley Center Branch	84 Central Street	Wellesley	MA
BankProv The Provident Bank Branch	Five Market Street	Amesbury	MA
Brookline Bank Wellesley Hills Branch	448 Washington St	Wellesley	MA
MountainOne Bank Danvers Branch	140 Commonwealth Avenue	Danvers	MA
Cambridge Savings Bank Acton Branch	145 Great Road	Acton	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Winchester Savings Bank Woburn Branch	344 Cambridge Road	Woburn	MA
The Savings Bank Methuen Branch	17 Burnham Road	Methuen	MA
Needham Bank Wellesley Branch	458 Washington Street	Wellesley	MA
StonehamBank, A Co-operative Bank Billerica Branch	493 Boston Road	Billerica	MA
Coastal Heritage Bank Equitable Co-Operative Bk Br Branch	400 Broadway	Lynn	MA
The Lowell Five Cent Savings Bank Pepperell Branch	65 Groton Street	Pepperell	MA
Pentucket Bank Lowell Avenue Branch	395 Lowell Avenue	Haverhill	MA
BankProv The Provident Bank Branch	Five Market Street	Amesbury	MA
Brookline Bank Wellesley Hills Branch	448 Washington St	Wellesley	MA
Reading Co-operative Bank Burlington Office Branch	10 Wall Street	Burlington	MA
MountainOne Bank Danvers Branch	140 Commonwealth Avenue	Danvers	MA
Salem Five Cents Savings Bank Sudbury Branch	19 Concord Road	Sudbury	MA
Cambridge Savings Bank Acton Branch	145 Great Road	Acton	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Watertown Savings Bank Lexington Branch	1075 Waltham Street	Lexington	MA
Everett Co-operative Bank Everett Co-Operative Bank Branch	419 Broadway	Everett	MA
StonehamBank, A Co-operative Bank Billerica Branch	493 Boston Road	Billerica	MA
Haverhill Bank Haverhill High Office Branch	137 Monument Ave.	Haverhill	MA
North Shore Bank, a Co-operative Bank Lynn Fells Parkway Branch	412 Lynn Fells Parkway	Saugus	MA
Methuen Co-operative Bank Methuen Co-Operative Bank Branch	243 Broadway	Methuen	MA
Coastal Heritage Bank Equitable Co-Operative Bk Br Branch	400 Broadway	Lynn	MA
Salem Co-operative Bank 284 Merrimack Street Branch	284 Merrimack Street	Methuen	MA
The Bank of Canton Brookline Branch	166 Harvard Street	Brookline	MA
Eagle Bank Lexington Center Branch	1768 Massachusetts Avenue	Lexington	MA
The Savings Bank Methuen Branch	17 Burnham Road	Methuen	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA
Santander Bank, N.A. Townsend Branch	18 Main Street	Townsend	MA
Cathay Bank Boston Branch	621 Washington Street	Boston	MA
Everett Co-operative Bank Everett Co-Operative Bank Branch	419 Broadway	Everett	MA
Reading Co-operative Bank Burlington Office Branch	10 Wall Street	Burlington	MA
Brookline Bank Wellesley Hills Branch	448 Washington St	Wellesley	MA
Eastern Bank Westford Branch	203 Littleton Road	Westford	MA
Rockland Trust Company Wellesley Hills Branch	330b Washington Street	Wellesley Hills	MA
MountainOne Bank Danvers Branch	140 Commonwealth Avenue	Danvers	MA
Dedham Institution for Savings Carleton Willard Branch	100 Old Billerica Road	Bedford	MA
Eagle Bank Lexington Center Branch	1768 Massachusetts Avenue	Lexington	MA
Cambridge Savings Bank Acton Branch	145 Great Road	Acton	MA
Enterprise Bank and Trust Company Westford Branch	237 Littleton Road	Westford	MA
Watertown Savings Bank Lexington Branch	1075 Waltham Street	Lexington	MA
Washington Savings Bank Washington Savings Bank Branch	30 Middlesex Street	Lowell	MA
Needham Bank Wellesley Branch	458 Washington Street	Wellesley	MA
StonehamBank, A Co-operative Bank Billerica Branch	493 Boston Road	Billerica	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
North Shore Bank, a Co-operative Bank Lynn Fells Parkway Branch	412 Lynn Fells Parkway	Saugus	MA
Bank of New England Methuen Branch	3 Cross Street	Methuen	MA
The Lowell Five Cent Savings Bank Pepperell Branch	65 Groton Street	Pepperell	MA
The Bank of Canton Brookline Branch	166 Harvard Street	Brookline	MA
Northern Bank & Trust Company Littleton Branch	265 Great Road	Littleton	MA
Santander Bank, N.A. Townsend Branch	18 Main Street	Townsend	MA
The Savings Bank Methuen Branch	17 Burnham Road	Methuen	MA
Eastern Bank Westford Branch	203 Littleton Road	Westford	MA
Webster Bank, National Association Boston Branch	100 Franklin Street	Boston	MA
Enterprise Bank and Trust Company Westford Branch	237 Littleton Road	Westford	MA
Wakefield Co-operative Bank Wakefield Co-Operative Bank Branch	342 Main Street	Wakefield	MA
JPMorgan Chase Bank, National Association Boston Branch	50 Rowes Wharf, Floor 4	Boston	MA
Wells Fargo Bank, National Association Boston Abbot Downing Trust Office Branch	200 Berkeley Street	Boston	MA
Manufacturers and Traders Trust Company Boston Branch	280 Congress Street	Boston	MA
Reading Co-operative Bank Burlington Office Branch	10 Wall Street	Burlington	MA
Rockland Trust Company Wellesley Hills Branch	330b Washington Street	Wellesley Hills	MA
Salem Five Cents Savings Bank Sudbury Branch	19 Concord Road	Sudbury	MA
Webster Bank, National Association Boston Branch	100 Franklin Street	Boston	MA
The Village Bank Wayland Branch	62 Boston Post Road	Wayland	MA

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

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES

Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

Find a bank with a location convenient to you. Location counts.
Choose a bank with good rates. Rates are important to get continued growth of your capital.
Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.