Useful Articles

Do you live in the state of Massachusetts?  Here are some Massachusetts CD Rates , don’t ya know.

Certificates of Deposits yields all over the US have just fallen quickly.  It can be very hard to find a 2% for 1-year .   But let’s search Massachusetts state and see what we find.

First thingwe find is probably one of the most established banks in the  country, State Street Bank & Trust Company, Boston.  They were created in 1792.  That is amazing.  As of March they had a 4-star rating from Bankrate, but the June numbers are a little concerning.  They have a $150 Billion in Assets, but show a loss of $2 Billion.  March had a $455 Million profit.  Boy, I hope they plug the leak.  I went to their site, but couldn’t find any CD rates.  So not very helpful for our first MA Bank.  Their FDIC number is fourteen.

Our second bank is Boston Trust & Investment Management Company also in Boston.  Boston Trust was established in 1960.  They don’t have any Certificate of Deposits yields.  Geez, what is up with Massachusetts.

Okay, finally some Certificate of Deposits interest rates for state of MA.   Salem Five Cents Savings Bank, Salem.  Establishedin 1855.  I guess having all of these old banks in one of the original 13 colonies isn’t that weird.  Sadly, their CD rates aren’t too impressive; 1-year 1.25% APY and 2-year 1.50%.  Bankrate gives them 3-stars.  Those rates require $10,000.  Ouch.

Rockland Trust Company, Rockland.  They aren’t that good, but it is something.  They have 6-months at 1.25% APY and a 2-year CD for 1.75% APY.  I’ve seen worse.  They were founded in 1907.  They lasted through the Depression.  They deserve credit for that.  FDIC# is 9712.  They even have a profit.  Wohoo!!!  They have a 3-star rating.

United Bank, Westfield.  Established in 1882.  The best rate they have is a 5-year CD at 3.00%.  Not bad for the times, just awful to think about locking your money up for so long at such a low rate.  I wonder what their Early Withdrawal Penalty is.  They do have a 4-star rating.

Westfield Bank (also in Westfield) actually has some highest CD Rates in MA .    Founded in 1853.  They have a 4-star rating.  For $500,000 you can earn 2.00% or 1.60% APY for $100,000 in a checking account.  The CD Rates:  11 Month Special — 1.75%, 16 Month Special — 2.00% APY, 30 Month Special — 2.20% APY and 48 Months — 2.90%.

That about does it for MA CD Rates.  Let me know if you find some good deals.

Check-out: FL CD Rates

Disclaimer:  Rates can and do change at anytime.  Ratings are not a guarantee of future bank health.  Matter of fact, they are based on data that is about 6-months old.  Lots can (and does) change in 6-months.

Related posts:

1. Kentucky State Tax Forms for 2009, 2010 If you earned income in Kentucky then, your individual income...
2. Learning About Cash Back Credit Cards: Good or Bad Idea? Getting a credit card that offers cash back always sounds...
3. Learning About Cash Back Credit Cards: Good or Bad Idea? Getting a credit card that offers cash back always sounds...
4. SunTrust Mortgage Rates If you want to mortgage your property, you ought to...
5. How To improve Your Credit score Rating It used to be that a 700 Fico score was...