Massena Savings & Loan has some very competitive CD and IRA CD rates. The rates listed at the bank's rate table as of 6/26/09 include:
- 2.71% APY 3-month
- 2.56% APY 6-month (3.08% IRA)
- 2.87% APY 12-month
- 2.97% APY 18-month (3.34% IRA)
- 3.08% APY 24-month
- 3.18% APY 30-month (3.60% IRA)
- 3.28% APY 36-month
The bank also has competitive rates for its money market account and NOW checking account. They're tiered rate accounts with a top rate of 2.30% APY for the MMA and 1.79% APY for the NOW account.
It appears a branch visit is required to open an account. Branches are located in the northern part of New York state in the towns of Massena and Waddington.
The bank has strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial (based on 3/31/09 data) and 4 stars (sound) at Bankrate.com (based on 12/31/08 data). The bank has been a FDIC member since 1949 (FDIC Certificate # 30429)
Thanks to the reader who emailed me info on this bank.
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