bank rates

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

Bay State Savings Bank is offering savers in central Massachusetts a solid deal on 4-year CDs.

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.

massachusetts quarter

We don’t track the top nationally available 48-month yields on our CD Rates Leaderboard.

But Bay State’s return is four-tenths of a percentage point higher than the best national 36-month CD rate and ranks as one of the better local deals from credit unions and community banks across the country.

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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