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The Best Short Term CD Rate in Massachusetts

Needham Bank headquartered in Needham, Massachusetts now has the best short term CD rate in Massachusetts. The bank is promoting a 9 month CD with an interest rate of 3.97% and APY of 4.05%. There is a $2,500.00 minimum balance to open and earn the promotional 4.05% APY. The CD account has a fixed interest rate for the term of the certificate and may only be changed upon renewal at maturity. If no change is specified at maturity, this CD account will automatically rollover to a 6 Month CD. Penalty for early withdrawal may apply. Needham Bank has nearly $650 million in assets and maintains five locations in Needham, Dedham, Medfield, Westwood and Wellesley. According to the banks website, the bank maintains the largest net worth, also known as surplus or reserves, of any cooperative bank in the state. Rates subject to change without notice, contact the bank for additional terms or conditions. Needham Bank can be reached by phone at (781) 444-2100. The bank web address is www.needhambank.com. Needham Bank offers a full line of deposit services including checking, savings, CD’s and IRA’s as well as a complete line of loan services including residential mortgages, construction loans, commercial real estate loans, land loans, home equity and passbook collateral loans.

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