Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Randolph Savings Bank1.25%$1k-60 Month CD
Randolph Savings Bank0.70%$1k-30 Month CD Special
Accounts mentioned in this post. Rates as of July 29, 2014

Competitive Long-Term CD Rates at Randolph Savings Bank in MA & RI - Local Only

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Randolph Savings Bank

Randolph Savings Bank is offering several good deals on its CDs and IRA CDs. The most competitive is a 3.15% APY 60-month CD. The other ones include a 2.00% APY 30-month CD special and a 2.50% APY 48-month CD special with a bump option. For the bank's Rhode Island customers, there's a very competitive 10-month CD with a 1.50% APY. Minimum deposit is $1,000. These rates are listed in the bank's Rhode Island rate sheet and the Massachusetts rate sheet as of 7/23/2010.

The bank has an online application, but it states that "new Accounts are opened for existing customers and those who live or work within our defined market area."

Branches are located in the Massachusetts cities of Randolph, Stoughton, Holbrook and in the Rhode Island cities of Coventry and Cranston.

The bank's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our financial overview for Randolph Savings Bank). The bank has been a FDIC member since 1986 (FDIC Certificate # 90270).

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.


  Tags: Randolph Savings Bank, Rhode Island, Massachusetts, CD rates, IRA rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
Thanks for this; its my hometown bank.  I did the 5 year CD @ 3.15% apy.  FYI: early closure can be done; the penalty is 180 days.  Partial early withdrawal is also OK - the penalty would only apply to the amount of $ withdrawn from the CD.  Besides FDIC insurance they also carry additional insurance and the bank has very good ratings.  The CSR was extremely helpful as well.
I could have put this money (from a CD just closed) into my NWFCU 3.75% add-on but since that ends in February I decided to go for this one as it will last a lot longer in case rates don't go up -- and I truly don't believe rates are going to go up for a very long time.

2