Current Average Certificate of Deposit Rates in Massachusetts

Having a solid understanding of the interest rates available from banks and credit unions near you is very important if you expect to hold high-earning accounts. Massachusetts Banking Rates has compiled a list of the average CD rates in Massachusetts by term, so you can gauge the competitiveness of your own accounts or have a benchmark for comparison if you are interested in opening a new CD.

Average Massachusetts CD Interest Rates

The following is a breakdown of the CD accounts in Massachusetts, including the highest, lowest and average rates currently available:

Six-Month CD

Total Number of Accounts Available: 56
Highest Rate on Record: 1.51% APY
Lowest Savings Account Rate: 0.05% APY

Average 6-Month CD Rate: 0.63% APY

12-Month CD

Total Number of Accounts Available: 59
Highest Rate on Record: 1.71% APY
Lowest Savings Account Rate: 0.15% APY

Average 12-Month CD Rate: 0.88% APY

Two-Year CD

Total Number of Accounts Available: 58
Highest Rate on Record: 2.12% APY
Lowest Savings Account Rate: 0.2% APY

Average 24-Month CD Rate: 1.25% APY

You can learn more about where to get the highest CD rates in the state by visiting the 6-Month CD, 12-Month CD or 24-Month CD pages.

All of the above rates are accurate as of June 27, 2011, but are subject to change at any time.

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

Check rates in these cities in Massachusetts: See Cities