15-Month 5% CD at a Boston Bank

East Boston Savings Bank is offering 5.0% APY on a 15-month CD. There's a $5K minimum deposit requirement. Also, it requires the customer to have a Together Account which means that the customer must have a money market account with either a checking or savings account.

The highest rate on the money market account is only 3.04% APY for balances over $50K. The minimum required balance without a $8 monthly fee is $2.5K. The interest rate for this balance is only 1.06%.

The bank offers a free checking account which only requires $10 to open and has no minimum balance requirements or monthly fees.

The certificates of deposit are available to any US resident, however the money market and checking accounts are only available to people who live or work in Massachusetts.

East Boston Savings Bank has branches in several Massachusetts cities including East Boston, Lynnfield, Melrose, Peabody, Revere, Saugus, and Winthrop.