bank rates

Massachusetts Deal: 2.5% CD Rates

Institution for Savings offers great CD rates with a $500 minimum deposit.We’ve written twice in the last year about competitive CD rates at Institution for Savings in northeastern Massachusetts.

Unlike a number of banks and credit unions we feature on Bankaholic, this one has consistently kept rates well above what everyone else offers.

Today, Massachusetts savers can take advantage of two great deals at Institution for Savings.

With a $500 minimum deposit, it pays:

  • 2.00% APY on 48-month CDs.
  • 2.50% APY on 60-month CDs.

These rates are among the highest in the country right now and beat all nationally available bank deals on our CD Rates Leaderboard.

What’s more, the 5-year CD rate ranks among the best local deals in the country that we’ve found.

To purchase certificates of deposit from Institution for Savings (www.institutionforsavings.com), you must live on Massachusetts’ north shore, 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)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on May 7th at 09:54 am

    These rates are still available.

  2. Mike Sante said:
    on June 1st at 01:31 pm

    These rates are now down to 1.01% APY for 24-month CDs and 2.00% for 60-month CDs.