Massachusetts Savings Account Rates: Banks Versus Credit Unions

Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Massachusetts savings account. Of course, only one financial institution in the state can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.

Below is a list of the best savings account rates in Massachusetts, split up by credit unions and banks. Did your financial institution make the list?

Massachusetts Banks with the Highest Savings Rates

Enterprise Bank and Trust Company: 0.55%
Bank of Cape Cod: 0.5%
Mercantile Bank and Trust Company: 0.5%
Nuvo Bank & Trust Company: 0.5%
Institution for Savings: 0.5%

Credit Unions in Massachusetts with the Best Savings Interest Rates

Workers' Credit Union - Fitchburg, Massachusetts: 1.1%
600 Atlantic Credit Union: 1.01%
Worcester Fire Dept. Credit Union: 1%
Chevron Federal Credit Union: 0.65%
Notre Dame Community Credit Union: 0.5%

Please note that these rates are accurate as of 6/17/11, but are subject to change at any time.

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Best Massachusetts Banking Rates

Featured Rate
CIT Bank	1.10% Date: May 14, 2012 View Rate Details
Ally Bank	1.09% Date: May 15, 2012 View Rate Details
Highest Rates Recent Rate Changes
Worcester Fire Dept. Credit Union 2 Year CD Account	1.51% Date: May 16, 2012 View Rate Details
Southcoast Health System Credit Union 2 Year CD Account	1.50% Date: Apr 30, 2012 View Rate Details
600 Atlantic Credit Union 2 Year CD Account	1.30% Date: May 2, 2012 View Rate Details
Worcester Credit Union 2 Year CD Account	1.25% Date: May 16, 2012 View Rate Details
Andover Credit Union 2 Year CD Account	1.21% Date: May 1, 2012 View Rate Details
Allcom Credit Union 2 Year CD Account	1.15% Date: May 9, 2012 View Rate Details
Worcester Fire Dept. Credit Union Savings Account	1.00% to 0.75% Date: May 16, 2012
Reading Co-operative Bank 12 Month CD Account	0.75% to 0.30% Date: May 15, 2012
Meetinghouse Bank 6 Month CD Account	0.40% to 0.35% Date: May 14, 2012
Houghton Mifflin Harcourt Employees Federal Credit Union 6 Month CD Account	0.60% to 0.50% Date: May 11, 2012
Cape Cod Five Cents Savings Bank Savings Account	0.25% to 0.20% Date: May 10, 2012
Berkshire Bank 6 Month CD Account	0.25% to 0.20% Date: May 7, 2012

See All Banking Rates

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