Dedicated to Deposits: Deals, Data, and Discussion

4.08% 7-Month CD at a Massachusetts Bank (United Commercial)

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United Commercial Bank is advertising a CD promotion which includes a 4.08% APY 7-month CD and a 4.18% APY 11-month CD. The minimum deposit is $10,000, and the maximum is $88,888. This special doesn't seem to be listed at the bank's website. It was advertised in the 8/28/08 MA newspaper. The ad is available online here.

It appears a branch visit may be required to open a new account. The ad lists branches in Boston, Allston and Quincy. Branches are also located in California, Washington, New York, Georgia and Texas. However, this CD special may only be available in Massachusetts.

The bank has a 3.5 star rating (good) at BauerFinancial and a 2 star rating (below peer group) at Bankrate.com. It has been FDIC insured since 1986 (FDIC Certificate # 32469).
  Tags: Massachusetts, CD rates

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