bank rates

Bay State Deal: 2-Year, 1.66% CD Rates

Massachusetts savers may want to check out the 24-month CD rates from NUVO Bank and Trust Co.

NUVO Bank and Trust Co. is offering this deal with a $1,000 minimum depositIt’s paying 1.66% APY with a $1,000 minimum deposit.

While that only matches the top nationally available 24-month CD rates, NUVO Bank and Trust Co. requires a significantly lower minimum deposit to secure the rate. (Melrose Credit Union, the 24-month leader on our latest CD Rates Leaderboard, requires a $5,000 minimum deposit.)

You don’t need to be a Massachusetts resident to buy these certificates of deposit, but you do need to visit NUVO Bank and Trust Co. in person. The bank has a single location in Springfield, at 1500 Main St.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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  1. Kathy at Bankaholic said:
    on May 18th at 07:48 am

    NUVO Bank’s 24-month CD is paying 1.867% APY as of May 18, 2011.