Top 10 Bank CD Rates Massachusetts

CD rates in Massachusetts with the top ten largest Massachusetts based banks.  The top ten largest Massachusetts based banks ranked by total assets include:

State Street Bank and Trust Company headquartered in Boston
Eastern Bank headquartered in Boston 
Rockland Trust Company headquartered in Rockland 
Middlesex Savings Bank headquartered in Natick 
Boston Private Bank & Trust Company headquartered in Boston 
Salem Five Cents Savings Bank headquartered in Salem  
Berkshire Bank headquartered in Pittsfield 
Brookline Bank headquartered in Brookline 
Cambridge Savings Bank headquartered in Cambridge 
Century Bank and Trust Company headquartered in Somerville  
The Cape Cod Five Cents Savings Bank headquartered in Harwich Port 
Danversbank headquartered in Danvers 

The following list includes the most current bank CD rates offered by these banks.  State Street Bank primarily handles investment management and institutional investors and was therefor excluded.  Boston Private Bank & Trust Company’s data was not available at the time of this publication.  Bank and bank rates are listed by assets size not by CD rates. 

Eastern Bank
Six month CD rate 0.80%
One year CD rate 0.90%
Two year CD rate 1.00%
Five year CD rate 1.40%
$2,500.00 minimum deposit for six month CD and $500.00 for other maturities.
Bank service number: 800-327-8376

Rockland Trust Company 
Six month CD rate 1.00%
Two year CD rate 1.75%
Three year CD rate 2.00%
$1,000.00 minimum deposit to obtain posted CD rates.
Bank personal banking number: 800.222.2299

Middlesex Savings Bank
Six month CD rate 1.04%
One year CD rate 1.45%
Two year CD rate 2.00%
Five year CD rate 2.40%
$250.00 minimum deposit for all bank CDs.
Bank customer information number: 877-463-6287
Salem Five Cents Savings Bank
Six month CD rate 0.75%
One year CD rate 0.75%
Two year CD rate 0.90%
Five year CD rate 2.00%
15 month special CD rate 2.00%
$2,500.00 minimum deposit for six month CD, $500.00 for other maturities and $10,000.00 minimum for special promotional bank CDs.
Bank customer service number: 800-850-5000

Berkshire Bank
Six month CD rate 0.80%
One year CD rate 1.25%
Two year CD rate 1.35%
Five year CD rate 2.60%
13 month special CD rate 1.50%
20 month special CD rate 1.90%
$1,000.00 minimum deposit required on CDs.
Bank customer service number: 800-773-5601

Brookline Bank
Six month CD rate 0.95%
One year CD rate 1.30%
Two year CD rate 1.85%
Five year CD rate 3.00%
10 month special CD rate 1.30%
$1,000.00 minimum deposit with the exception of the CD rate special which has a minimum opening deposit of $5,000.00.
Bank contact number: 877-668-2265

Cambridge Savings Bank
Six month CD rate 0.20%
One year CD rate 0.50%
Two year CD rate 1.20%
Five year CD rate 3.00%
$1,000.00 minimum deposit.  The posted CD rates are the online bank rates. 
Bank contact: 888-418-5626

Century Bank and Trust Company
Six month CD rate 1.00%
One year CD rate 1.00%
Two year CD rate 1.85%
Five year CD rate 2.75%
20 month special CD rate 2.05%
$1,000.00 minimum deposit. 
Bank contact number: 866-823-6887

The Cape Cod Five Cents Savings Bank
Six month CD rate 0.95%
One year CD rate 1.15%
Two year CD rate 1.75%
Five year CD rate 2.75%
$1,000.00 minimum deposit
Bank contact number: 888-225-4636

Danversbank
Six month CD rate 1.00%
One year CD rate 1.50%
30 month CD rate 2.25%
Five year CD rate 2.75%
Nine month special CD rate 1.50%
Four month online special CD rate 1.75%
$500.00 minimum deposit
Bank contact: 800-771-8200

The bank rates listed are for Massachusetts CD rates.  All CD interest rates and annual percentage yields are accurate as of today and subject to change without notice.  A penalty will be imposed for premature withdrawal from certificates of deposit.  Fees may reduce earnings on bank CDs. 

The bank CDs are for personal accounts only.  CD interest rates provided assumes all balances, principal plus interest will remain on deposit until maturity for accounts with terms.

Tags: bank, bank CD, bank rates, CD interest rates, CD rates, CD rates in Massachusetts, certificates of deposit, interest rates, Massachusetts CD rates, one year CD rate, online bank, rates, six month CD rate

This entry was posted on Sunday, October 25th, 2009 at 10:08 pm and is filed under Money Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.