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Massachusetts Savers Can Benefit From Special 4-Year CD At Bay State Savings

If you’re in the market for a 4-year CD, Bay State Savings Bank is offering savers in central Massachusetts a solid deal. 

How This Deal From Bay State Savings Compares

The Worcester-based bank is paying 2.00% APY with a reasonable $1,000 minimum deposit, and none of its other CD offerings come close to being this good.

In fact, you’ll earn less from a 60-month CD from this bank. It’s paying just 1.40% APY on 5-years.

massachusetts quarter

The 4-year CD deal from Bay State Savings Bank matches the top nationally available deal from GS Bank, which is paying 2.00% APY on 4-year CDs with a $500 minimum.

And it’s more than two-and-a-half times the national average of 5-year CDs, which is 0.79% APY.

About Bay State Savings

The bank earns an acceptable three out of five stars from Bankrate’s Safe & Sound ratings system and, as with all banks we report on, is insured by the FDIC.

The only drawback is that you must buy these certificates of deposit at one of Bay State’s seven branches in Worcester, Auburn and Holden.

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