bank rates

Boston Deals On 6- To 24-Month CD Rates

Here's something for Beantown savers to get excited about besides the Bruins run to the Stanley Cup finals.

Here’s something for Beantown savers to get excited about besides the Bruins run to the Stanley Cup finals.

The nation’s oldest community credit union is offering four CD rates that beat the best Leaderboard deals to its greater Boston members.

With a $1,000 minimum deposit, Industrial Credit Union is paying:

  • 1.40% APY for 6-month CDs.
  • 1.60% APY for 12- and 18-month CDs.
  • 1.75% APY for 24-month CDs.

All of those certificates of deposit pay more than the top nationally available CD rates on our latest CD Rates Leaderboard — which is still up-to-date.

The 6-month CD from Industrial earns nearly a third of a percentage point more than the best nationwide offers – an unusually large spread for even the very best local interest rates.

But you must be a member of Industrial Credit Union (www.icu.org, 617-742-1616) to purchase these certificates of deposit.

Membership is open to anyone who works or lives in a 100-mile radius of the credit union’s single office in Boston, which is located at One Liberty Square.

Members can buy CDs in person or by mail, using downloadable forms on the website.

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

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  1. Kathy at Bankaholic said:
    on June 24th at 08:09 am

    These rates are still available as of today.