Dedicated to Deposits: Deals, Data, and Discussion

3.00% 18-Month CD at Holbrook Cooperative Bank in MA - Local Only

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Update 5/23/09: The CD rates have fallen. Please check the bank's website for the latest rates.

Holbrook Cooperative Bank is offering a very competitive rate of 3.00% APY on its 18-month and 24-month CD. Minimum deposit is $1,000. Early withdrawal penalty is 6 months of interest. This rate is listed at the bank's CD rates page as of 5/19/09.

It appears that a branch visit is required to open an account. It's a small bank with one office located in Holbrook, Massachusetts which is about 10 miles south of Boston.

The bank's ratings for safety and soundness are fair: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1986 (FDIC Certificate # 26600).

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
  Tags: Massachusetts, CD rates

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