5.30% 9-Month CD at a Massachusetts Bank (open to all)

SalemFive Bank is offering a 5.30% APY 9-month ceritificate of deposit special. The minimum is $10K. The bank is also offering this same 5.30% APY on a 15-month CD with the same $10K minimum.

I first posted on this bank back in October when they were offering a 4.25% APY no-penalty CD and a 5% 3-year callable CD. It's interesting that they are still offering these products as specials today. The 3-year CD has the same rate of 5% and the 9-month no penalty CD APY has actually dropped to 4% APY. Back in October, these were decent deals (GMAC Bank's 3-year CD was only at 4.73% APY), but they're not good deals today.

SalemFive has branches in Massachusetts. Accounts can also be opened online. In addition to government-backed FDIC insurance, SalemFive has private DIF insurance which covers deposits above the FDIC limits.

Thanks and credit for this deal goes to scott61 who mentioned it in the finding deals post.