Quabbin Online Credit Union has a trio of strong CD rates for its Massachusetts members.
With a minimum deposit of $5,000, it pays:
- 1.25% APY for 12-month CDs.
- 1.50% APY for 18-month CDs.
- 1.75% APY for 24-month CDs.
The top nationally available CD rates for the corresponding terms on our CD Rates Leaderboard come in significantly less, at 1.05% APY for 12-month CDs and 1.30% APY for 24-month CDs.
The 18- and 24-month CDs must be opened with new money, or funds not already on deposit at this online credit union.
Quabbin Online Credit Union is a division of Athol Credit Union, which is based in Athol, Mass., and serves three of the four counties that comprise the Quabbin Valley. The brick-and-mortar counterpart doesn’t have CD rates nearly as good as the online division.
To purchase these certificates of deposit, you have to be a member of Quabbin Online Credit Union. Membership is open to those who live, work and attend school in specific towns of Franklin, Hampshire and Worcester counties listed on the website, as well as their direct relatives.
Membership requires a $25 deposit in a savings account.
And you can only buy CDs online, which makes sense.
Learn more about Quabbin Online Credit Union at www.quabbinocu.com or call 888-978-2224.
See how these returns compare with the best CD rates from scores of banks in our extensive database.