Highest CD Rates in Massachusetts: 24-Month Term

You may already be aware that certificates of deposit generally pay out higher interest rates than traditional savings accounts, but did you know that the longer the CD, the higher the rate? Financial institutions like customers to keep their money on deposit for as long as possible, so they’ll reward long-term account holders with better interest rates. That means if you’re looking for the best Massachusetts CD rates, 24-month (2-year) CD accounts are sure to offer the highest rates.

Today’s 2-Year CD Rates in Massachusetts

To get a better idea of what currently available, here’s a look at the highest, lowest and average 24-month CD rates in Massachusetts right now:

Number of Accounts Available: 6
Highest Rate: 2.12% APY
Lowest Rate: 0.2% APY
Average Rate: 1.16% APY

Local Banks and Credit Unions with the Best 24-Month CD Rates

The following are the local Massachusetts financial institutions that are currently offering the highest 24-month CD interest rates:

Worcester Fire Dept. Credit Union: 2.12%
Nuvo Bank & Trust Company: 1.87%
600 Atlantic Credit Union: 1.83%
Members Plus Credit Union: 1.77%
Everett Co-operative Bank: 1.65%

These rates are accurate as of 5/16/11 but are subject to change at any time. To view current 24-month CD rates, visit our Massachusetts 2-Year CD Rates page.

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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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