Dedicated to Deposits: Deals, Data, and Discussion

3.50% Savings Account Guaranteed Through 2008 at a MA Bank (Hyde Park Savings)

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Hyde Park Savings Bank has a new savings account promotion. It's offering a 3.50% APY guaranteed until 12/31/08. The 3.50% APY applies to balances of $10 and above. Like any savings account, it has the federally required withdrawal limitations of no more than 6 per month with no more than 3 by debit card.

This appears to be limited to Massachusetts residents. The bank has offered many internet special CDs in the past, and the online application specifically restricts accounts to MA residents. This savings account promotion doesn't appear to be available in the online application, so a branch visit may be required.

Branches are located in the Massachusetts cities of Brookline, Dedham, Hyde Park, Norwood and West Roxbury.

The bank is FDIC insured (FDIC certificate # 90160). It also has DIF insurance to provide protection for deposits over the FDIC limits. It has a 3-star safe & sound rating (performing) at Bankrate.com based on 3/31/08 data which is down by one star since my last post when it had a 4 star rating based on 9/30/07 data.

Thanks to the reader who mentioned this promotion in the finding the best deals post.

  Tags: Massachusetts, savings account

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