bank rates

Boston-Area Deal: 5-Year, 2.25% CD Rates

Winter Hill Bank offers its top CD rates with a $1,000 minimum depositWinter Hill Bank offers Boston-area savers top 60-month CD rates.

It’s paying 2.25% APY with a $1,000 minimum deposit.

That’s about a third of a percentage point higher than the top nationally available 60-month CD rate on our CD Rates Leaderboard.

The best nationally available deal now pays just 1.95% APY and is offered by two banks — Intervest National Bank and Tennessee Commerce Bank.

But you have to be a Massachusetts resident to purchase Winter Hill’s certificates of deposit and live in this local bank’s footprint, which includes Somerville and its surrounding communities as well as North Reading.

You must also buy CDs in person. Winter Hill Bank (www.winterhillbank.com) has three branches in Somerville and a fourth in North Reading.

If you live in Massachusetts but can’t take advantage of this deal, take a look at the 60-month, 2.4% APY CD rates offered at Service Credit Union.

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

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Comments (2)
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2 Existing Comments
  1. carmen a flamini said:
    on January 13th at 05:50 pm

    I am looking to put some money in a from 1 to years
    tell me wich bank pays more Thank you Carmen

  2. Kathy at Bankaholic said:
    on January 15th at 10:24 am

    Winter Hill has dropped its 60-month rate to 2.05% APY.