Mt. Washington Bank is listing a competitive 19-month special CD rate of 2.00% APY. Minimum deposit is $1,000. There's also a special 30-month bump-up CD/IRA special with a $500 minimum. These specials are listed at the top of the deposit rates page as of 8/01/2010.
According to the deposit rates page, they only accept deposits from Massachusetts residents. Branches are located in the Massachusetts cities of South Boston, Dorchester and Jamaica Plain.
Mt. Washington Bank is a division of East Boston Savings Bank. East Boston Savings Bank's ratings for safety and soundness are a fair: 3½ stars (good) 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 of East Boston Savings Bank). The bank has been a FDIC member since 1991 (FDIC Certificate # 33510).