Walpole Cooperative Bank often promotes CD rates that are well above the national average rates as well as the rates found at competing financial institution in the state Massachusetts.  Now, the bank is running a promotion that raises the bar with even higher yielding certificate of deposit accounts.

Walpole Cooperative Bank has two new certificate specials as of June 2016.  Both accounts are odd term accounts that have low minimum deposit requirements.  The terms available are on a 15 month account and a 20 month account.  The 15 month term CD has an interest rate of 1.50 percent while the 20 month CD yields 1.60 percent.

The current CD rate promotions are more than five times the national average rate for comparable term accounts.  The current national average bank CD rate for a one year term account is 0.21 percent while the national average rate for a two year account is 0.36 percent.

Annual Percentage Yields (APYs) are effective as of 06/10/16 and subject to change without notice.  Interest earned is compounded and posted monthly.  Withdrawals on certificates prior to maturity are not usually permitted by Walpole Cooperative Bank.  If a withdrawal should be allowed, a substantial penalty may be imposed for early withdrawals before maturity.  Minimum deposit of $1,000.00 is required to open account and earn advertised APY.  The bank does not accept brokered CDs, institutional funds, or out of market area deposits on these products.

Walpole Cooperative is the 76th largest bank based in Massachusetts.  The bank operates just one location in Walpole.  Along with certificates of deposits, the bank offers a wide variety of personal and business products and services.

Walpole Cooperative is both FDIC and SIF insured.  Each depositor at the bank is insured to at least $250,000.00 by The Federal Deposit Insurance Corporation (FDIC) and all deposits over and above this amount are covered by the Share Insurance Fund (SIF), established in MA to protect deposits in state chartered co-operative banks.

More information about the bank CD rates and promotions can be obtained by calling the Walpole Cooperative Bank customer service number at (508) 668-1080 or by visiting the bank web site at walpolecoop.com.

When shopping around for the highest certificate of deposit interest rates, it helps to look at local and national financial institutions.  Rate shoppers can compare those returns at Walpole Cooperative with the best CD rates in Massachusetts from a number of local and national banks in the SelectCDrates.com database.

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