bank rates

CD Special Sweeps Through Northeast

In November, we tipped off savers who could get to the Boston area about a top-ranked 4-year CD promotion.

Now it’s available online as well, to residents of six New England states plus New York.

East Boston Savings Bank is offering 2.13% APY on 48-month certificates – enough to beat the best nationally available 4-year yield of 2.00% APY from the banks on our CD Rates Leaderboard.

Anyone living in Massachusetts, Connecticut, Rhode Island, New Hampshire, Vermont, Maine and New York is eligible to buy these CDs.

Originally that required a trip to one of the bank’s 29 branches scattered across Boston and Suffolk, Essex and Middlesex counties.

But now savers in those seven states can buy this special CD through East Boston’s online portal, EBSB Direct.

Both certificates require a $1,000 minimum deposit and carry an early-withdrawal penalty of 12 months’ interest.

Although East Boston’s offer is more than enough to land it in our continuously updated roundup of the country’s top-paying CDs from credit unions and community banks, it’s still always smart to check Bankrate’s extensive database of the day’s best CD rates before locking in any certificate of deposit.

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