bank rates

Boston-Area Special Becomes A Real Deal

Braintree Cooperative Bank is paying 1.25% APY on 13-month CDs, which qualifies as a deal after last week’s changes to our CD Rates Leaderboard.

Ever since last fall, Citizens State Bank had been offering the best nationally available rate of 1.25% APY on 12-month CDs.

But the bank decided to stop selling certificates of deposit online and only offer them to local customers through its four north Florida branches.

The top coast-to-coast rate is now 1.17% APY from BankDirect, which is less than Braintree Cooperative is paying for its 13-month CD.

To buy one of these special CDs, you’ll need to be a Massachusetts resident, make a minimum deposit of $1,000 and complete the paperwork at one of its three branches south of Boston, in Braintree and Quincy.

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