Banks and Credit Unions with Highest 12-Month CD Rates in Massachusetts: April 2011

If you’re in search of the best 12-month CD rates available today, you should begin by comparing the rates from local financial institutions near you. Generally, community-oriented banks and credit unions are in a better position to offer more competitive interest rates on deposit accounts.

Massachusetts Banking Rates makes it easy to locate the best 12-month CD rates in Massachusetts because we compile interest rates from financial institutions within the entire state, providing you with the most current rates information possible. Below, you’ll find a breakdown of the rates from banks and credit unions in Massachusetts that are offering 1-year CDs.

Average 1 Year CD Rates in Massachusetts

There are currently 6 one-year CD accounts available in the state that Massachusetts Banking Rates collects rates data from–the average rate among them is 0.87% APY.

Here’s how individual bank and credit unions’ rates stack up against each other:

Banks & Credit Unions with the Highest One Year CD Rates

Worcester Fire Dept. Credit Union: 1.71%
600 Atlantic Credit Union: 1.47%
Newton Teachers Credit Union: 1.25%

Lowest Massachusetts 12-Month CD Rates

Watertown Savings Bank: 0.15%
Cambridge Savings Bank: 0.25%
Sovereign Bank - Northeast: 0.4%

So what can you do with this information? As a general rule, you can compare a CD rate offer against the Massachusetts average to gauge how competitive it is. Rates that are around the same as the average or higher are considered good for your area.

Please note these rates are accurate as of the publish date but are subject to change at any time. You can see up-to-date rates information for 6, 12 and 24 month certificates of deposit by visiting the Massachusetts CD Rates page.

Related Rates Articles

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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