Dedicated to Deposits: Deals, Data, and Discussion

5.55% 6-Month CD at a Massachusetts Bank (Danvers)


Danvers Bank is offering a special 5.55% APY 6-month CD as part of a grand opening celebration of its Saugus branch. The minimum deposit is $500, and it has no maximum. It requires that you have or open its Free Reward Checking Account (see my April post for info on this 6.01% reward checking account). This special CD starts Monday 8/20/07, and is available only at the Saugus branch.

Please see the bank's branch location page for information on the Saugus branch. This special isn't listed at the website. A reader mentioned seeing this advertised, and I called the Saugus branch for further information.

The bank has been around since 1850 and has been FDIC insured since 1985 (Certificate # 90185). The bank is also a DIF member which provides private coverage of all deposits over the FDIC limits.

Thanks to Scott who mentioned this CD special in my last post on Danvers Bank.

  Tags: Massachusetts, Danversbank, CD rates

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