UniBank is offering a very competitive rate of 3.00% APY on a 4-year CD special. Minimum deposit is $500. The CD specials with shorter terms are not nearly as competitive. These include a 1.50% APY 2-year CD and a 1.00% APY 1-year CD. On the plus side, these two shorter term CDs give you the option to step up to a higher rate once during the life of the account. These rates are listed in the bank's deposit rates page as of the morning of 3/14/2011.
As a comparison to CDs available nationwide, the best 4-year CD rate at a bank is 2.50% APY at OneWest Bank, and the best 4-year CD rate at a credit union is 2.55% APY at Fort Knox Federal Credit Union. These rates are accurate as of 3/14/2011.
At the top of UniBank's deposit rates page, there's a link to an online application. At the top of the first page of the application, it states:
We welcome all residents of Massachusetts, Rhode Island and Connecticut to apply.
Update 6/27/2011: This 4-year CD is a branch-only special, and requires that you reside in their market area. UniBank branches are located in south Worcester County, Massachusetts.
The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 6.81% (excellent) based on December 2010 data. Please refer to our financial overview of UniBank for Savings for more details. The bank has been a FDIC member since 1985 (FDIC Certificate # 90290).
Searching for the Best CD and IRA CD Rates
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