One of the best short-term CD rate promotions in early December can be found at a mid-sized bank headquartered in the Bay State.  Massachusetts based, MountainOne Bank, is offering a limited time, 8-month term CD with an interest rate that is one of the highest in the nation.  The interest rate on this certificate of deposit runs almost none times the national average bank rate for comparable term CD accounts.

The 8-month term CD offers an annual percentage yield (APY) of 1.50%.  There is a minimum $10,000.00 deposit required to open and earn the advertise bank CD rate with a maximum limit of $250,000 per customer.  CD rate promotion is available for personal accounts only.

MountainOne Bank certificates of deposit accounts earn a fixed rate of interest until maturity.  Fixed rate certificates of deposit offer safety of principal, even in a falling rate environment, making them a no-risk investment.

Deposits are insured by the FDIC up to the current FDIC limits and by the DIF up to any amount in excess of FDIC limits.  The short-term account promoted by MountainOne may be an excellent investment option for savers and investors that want a diversified savings mix, have short term savings needs, or a taking a wait and see approach with other investment options.

The high yield CD from MountainOne Bank comes with local personal service with the resources and backing of a financial services firm with almost $1 billion in total assets.  MountainOne Bank provides a complete array of personal and business banking and electronic services in MA.  The bank is owned by MountainOne, a mutual holding company that also operates MountainOne Insurance and MountainOne Investments.

The Annual Percentage Yield (APY) is accurate as of December 5, 2017.  A substantial penalty may be imposed for early withdrawal on the bank CD accounts.  APY assumes interest remains on deposit until maturity.  This is a limited time account promotion.  Accounts must be opened in any MountainOne Bank lobby.  Additional conditions and terms may apply.

More information about the MountainOne Bank CD rates can be obtained by calling a bank customer service representative at 855.444.6861.  Additional resources can be found by searching and comparing the best Massachusetts CD rates.

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