bank rates

Bay State Deal: 1.50% On 18-Month CDs

For Massachusetts savers who can get to the Boston area, Wellesley Bank is offering a top short-term yield.

Paying 1.50% APY on an 18-month CD with just a $250 minimum deposit, Wellesley essentially matches the best nationally available 24-month return of 1.52% APY from the banks on our CD Rates Leaderboard.

We always recommend you check out Bankrate’s extensive database of the best CD rates to see if you can do better, but we suspect this deal will be hard to beat.

Any Massachusetts resident can open a certificate of deposit with Wellesley, but doing so requires visiting one of their half-dozen branches, located in Boston, Wellesley, Needham and Newton Centre.

For over a hundred more local deals like this one, visit our constantly updated roundup of the top-paying CDs from credit unions and community banks around the country.

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