Boston CD Rates Survey for the week March 26, 2012

Written by: InTheKnowFinance Staff

According to a recent Primerates.com survey conducted on March 26, 2012 of Boston CD rates offered by the area banks & credit unions, Boston’s largest financial institutions offered short-term savers 6-month CD’s with rates between 0.05% at RBS Citizens (www.citizensbank.com), and 0.35% at Middlesex Savings Bank (www.middlesexbank.com). The highest 2-year CD was offered by Rockland Trust (www.rocklandtrust.com), with a rate of 1.00%. Meanwhile, the highest 5-year CD was offered by TD Bank (www.tdbanknorth.com), with a rate of 1.74%.

CD’s are typically insured up to $250,000 by the FDIC. As CD’s mature, banks typically re-price the rates on deposits. Make sure that you track when your CD’s mature so that you can roll them over into new CD’s and keep your money working as hard as possible.

 

Banks 6 month 1 year 2 year 3 year 4 year 5 year
Bank of America 0.20% 0.35% 0.40% 0.60% 0.85% 1.09%
RBS Citizens 0.05% 0.05% 0.25% NA NA 0.50%
Sovereign Bank NA 0.15% 0.20% 0.30% NA NA
TD Bank NA 0.70% 0.80% 0.90% 1.00% 1.74%
Eastern Bank 0.05% 0.10% 0.20% 0.30% 0.40% 0.50%
Middlesex Savings Bank 0.35% 0.65% 0.85% 1.24% 1.44% 1.59%
Rockland Trust NA NA 1.00% 1.24% 1.34% 1.49%
Century Bank and Trust 0.25% 0.35% 0.50% 0.80% 0.90% 1.00%
Danversbank 0.25% 0.40% 0.70% 1.20% 1.30% 1.40%

 

Rates from banks, thrifts and credit union were posted on their websites on the date indicated for a $10,000 certificates of deposit meeting the specific holding requirement. Data is believed accurate at time of collection, can change without notice, and will vary. Contact a specific institution for current rates.


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Boston CD Rates Survey for the week March 26, 2012

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