What used to be a community bank serving Connecticut and Massachusetts has become an option for savers nationwide.
Chicopee Savings Bank has opened its personal accounts to anyone in the country and right now is offering a notable 11-month certificate of deposit.
It’s paying 1.20% APY, which competes well with the top nationally available 12-month rate of 1.26% APY from the banks on our CD Rates Leaderboard.
It requires a $1,000 minimum deposit.
Take a look through Bankrate’s extensive database of the best CD rates to ensure you’re earning the top yield on any given day, but we suspect you won’t find many offers as good as this 11-month return.
Chicopee Savings’ certificates of deposit can be opened online or in person at one of its eight branches in and around Chicopee, Massachusetts.
Note, however, that while their online account application still indicates a Connecticut or Massachusetts residency requirement, I’ve confirmed with two different customer service representatives that their policy has indeed changed and any U.S. resident can open an account.
If you don’t live in their two-state region and run into any troubles opening your account online, simply give them a call.
For close to 200 additional deals like this one, be sure to visit our constantly updated roundup of the country’s best-paying CDs from community banks and credit unions.