Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Hingham Institution for Savings2.02%$500-5 Year CD
Hingham Institution for Savings2.02%$500-5 Year IRA
Accounts mentioned in this post. Rates as of July 25, 2014

Top 5-Year CD and IRA CD Rates at Hingham Institution for Savings in MA - Local Only

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Hingham Institution for Savings

If you have an IRA, this is a good time to be rate chasing since many banks and credit unions have IRA specials (ING Direct's IRA CD is the latest). Banks often advertise IRA deals during the start of the year when you can make IRA contributions for both the current year and for the past year. This year you have until April 18th to make an IRA contribution for 2010.

Hingham Institution for Savings is another bank that's advertising a good CD deal. It's offering a 3.25% APY 5-year IRA CD. The regular 5-year CD is also very competitive with a a 3.00% APY. Minimum deposit is $500. These rates are listed in bank's deposit rates page as of 3/25/2011.

I called the bank this morning for more information on these CDs. According to the bank rep, this special IRA CD rate is scheduled to last until April 15th. Of course it's subject to change at any time. I was told the early withdrawal penalty is 6 months of interest. A branch visit is required to open an account.

Hingham branches are located in Boston and in several cities in Plymouth County.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 11.68% (above average) based on December 2010 data. Please refer to our financial overview of Hingham Institution for Savings for more details. The bank has been a FDIC member since 1985 (FDIC Certificate 90211).

How It Compares?

For CDs nationally available, the best 5-year CD rate is 3.00% APY at Connexus Credit Union but this requires an active checking account. Without a checking requirement, the best 5-year CD rate is 2.93% APY at Melrose Credit Union. The best 5-year rate at a bank is 2.80% APY at Sovereign Bank. These rates are accurate as of 3/25/2011.

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:


  Tags: Hingham Institution for Savings, Massachusetts, CD rates, IRA rates

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Comments
4 Comments.
Comment #1 by Anonymous posted on
Anonymous
Given that we are now facing a very real prospect of high inflation rates in the coming years, as a result of the flawed policies of our corrupt Federal Reserve, it behooves this site to list the early withdrawal penalty as a matter of regularity in order to be complete.  Anyone know what it is?

1
Comment #2 by KenBDG posted on
KenBDG
I mentioned the early withdrawal penalty in the third paragraph. I was told it's 6 months of interest. I couldn't find an account disclosure online, so it would be worthwhile to ask for one before opening the CD.

1
Comment #3 by JIM (anonymous) posted on
JIM
I'VE BEEN LOOKING FOR HOURS AT DIFFERENT SITES TRYING TO GET THE BEST CD RATE , DOESN'T MATTER IF ITS 1 YEAR , 2 YEARS , ETC--I'LL PLAY THE GAME--I JUST NEED TO FIND THE VERY BEST RATE----PEN C/U HAD A 5% FOR 10 YEAR CD BUT I MISSED THAT ONE , I REALLY DON'T EVEN KNOW IF I QUALIFIED BUT THATS WHAT I'M LOOKING FOR , THERE OUT THERE IF YOU LOOK BUT IT TAKES ALOT OF TIME---ALOT OF SITES RATES ARE WAY OUTDATED , WISH THEY'D REMOVE THEM AND CLEAN THE WEB UP-------ALSO , JUST WONDERING IF IT WOULD BE BEST TO WAY ABIT IF YOU THINK RATES MIGHT GO UP?  I 'M RETIRED AND HAVE NO PROBLEM LOCKING IN A LONG TERM , I'D JUST BE PLAYING THE LAW OF AVERAGES---WOULD APPRECIATE ANY INPUT

1
Comment #4 by Anonymous posted on
Anonymous
Are there fees for changing IRAs to different accounts.  For example, if I decided to try to move this to another fund, would the Hingham Institution for Savings, or the new IRA spot charge a fee?

1