5.50% APY 13-Month CD at a Massachusetts Bank

North Middlesex Savings Bank has a special 5.50% APY 13-month certificate of deposit with a $500 minimum deposit. It must be funded with money from another financial institution. The special CD is being offered to promote the opening of their branch in Groton. It appears that the CD can be opened at any of their branches. Credit for this find goes to eMoneyCentral.

The bank has branches in the following north central Massachusetts cities: Ayer, Littleton, Pepperell, Devens, Lunenburg and Shirley.

In addition to FDIC, the bank is also covered by Depositors Insurance Fund (DIF) which insures all deposits and interest not covered by FDIC, without limit. DIF is available at 71 Massachusetts chartered savings banks.