For Massachusetts consumers willing to keep their funds in a local bank for a term of four years or five years, S Bank based in Weymouth, Ma is currently offering the best CD rates in the state.  S-Bank has 4 local bank branches in the South Shore including branch offices in Weymouth, Quincy, East Bridgewater and Hanover at which to open these high yielding CD accounts.

The bank CDs with S-Bank rewards the account holder with higher interest rates than traditional bank savings accounts and other fixed rate, safe and secure alternative investment options.  S-Bank has a variety of CD terms available in the local market for the long term and short investor, CD maturities range from three months to five years. 

Current Massachusetts CD rates available at S-Bank include the following terms and CD interest rates:

The three month CD rate is 0.25 percent.
A six month CD at the bank has an interest rate of 0.40 percent.
The one year CD interest rate is 0.85 percent.
A two year bank CD has a rate of 1.00 percent.
The three year certificate yield is at 1.51 percent.
Both, the four year bank CD and five year CD rate are at 2.00 percent.

The CD Annual Percentage Yields (APY) assumes the original deposit and all accumulated interest remain on account for a one year period.  The CD rates listed are current as of October 30, 2012 and are subject to change at any time prior to opening the account.  The bank may impose a substantial penalty on funds withdrawn prior to maturity on the certificates.  Additional conditions and terms may apply.

The bank CD accounts at S-Bank renew automatically with a 30 day renewal notice sent before the CD matures giving account holders the option to collect the accrued earned interest, add principal to the account of desired, or reinvest the CD principal to another account or withdrawal.  The minimum required opening balance for the Massachusetts bank CDs at S-Bank is $1,000.00.  The accounts are available only in the bank market area and can be opened in one of the four branches or with an online banking application.

S-Bank CDs is chartered as a FDIC Savings Bank; the CD accounts are insured by the FDIC and the SIF up to the maximum allowable per account holder.  Interest bearing accounts, such as the bank CD accounts, are insured by the Federal Deposit Insurance Corporation (FDIC) any amount over that is insured by the Massachusetts based Shared Insurance Fund (SIF).  The Share Insurance Fund (SIF) of the Co-operative Central Bank insures all deposit balances in excess of the FDIC insured levels.

A list of all bank branches with the bank branch phone numbers and hours of operation can be reviewed at S Bank locations.

To compare the best CD rates available nationwide refer to the CD rate tables by term at Selectcdrates.com or to see the best CD rates available in this state, refer to Massachusetts CD rates.

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