bank rates

Grab 3% CD Rates In Massachusetts

Institution for Savings offers CD rates in three terms that beat the best nationally available deal.Institution for Savings has more-than-worthy long-term CD rates for savers on Massachusetts’ north shore.

With a $500 minimum deposit, it’s paying:

  • 2.50% APY for 30- and 36-month CDs.
  • 2.75% APY for 48-month CDs.
  • 3.00% APY for 60-month CDs.

All top the best nationally available CD rates for their corresponding terms. (Check out our CD Rates Leaderboard.)

And we especially love seeing 3.00% for 60-month CDs — CD rates that high haven’t appeared on the Leaderboard since March 8.

But as a community bank, Institution for Savings ( prefers to keep its client-base local. Even certificates of deposit are limited to the north shore market area, which includes Boston.

If you’re not already a bank customer, you must visit a branch in person to buy a CD. Institution for Savings has offices in Ipswich, Newburyport, Rowley and Salisbury.

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

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Comments (2)
1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 4.20 out of 5)
2 Existing Comments
  1. Mike at Bankaholic said:
    on July 13th at 10:54 am

    This bank’s 30-month CD rates have dropped to 1.50% APY. The other rates are still good.

  2. Kathy at Bankaholic said:
    on July 25th at 10:30 am

    These rates are still available, including the lower 30-month rate as noted.