bank rates

New England Deal On 18-Month CDs

It doesn’t happen often, but sometimes we get bad information.

Hampshire First Bank offers 1.51% on 18-month CDsThat’s what happened when we called Hampshire First Bank this week to confirm its special on 18-month CD rates.

It turns out this isn’t a nationally available deal, just a good local one.

You must be a resident of Maine, Massachusetts, New Hampshire or Rhode Island to buy Hampshire First’s CDs.

Hampshire First Bank is paying 1.51% APY with a $1,000 minimum deposit.

That’s a perfect fit between the top nationally available 12- and 24-month CD rates on our CD Rates Leaderboard.

The bank also offers a 36-month step-up CD for 2.01%. While that’s nearly two-tenths of a percentage point less than what you can earn with the top nationally available deal, it’s worth a look if you think interest rates are likely to increase.

With the step-up CD, you can elect to raise your rate once during the term to match what Hampshire First Bank is offering for 36-month CDs at the time of the request.

Certificates of deposit can be purchased by mail, online or in person at one of Hampshire First’s five New Hampshire locations in Keene, Londonderry, Manchester, Nashua and Portsmouth.

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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  1. Anisha said:
    on May 3rd at 06:01 pm

    Hahahaha. I’m not too brgiht today. Great post!

  2. Kathy at Bankaholic said:
    on May 23rd at 08:12 am

    These rates are still available as of May 23, 2011.