Peoples Federal Savings Bank has an online CD promotion with four special CD rates. The best one is the 1.50% APY 18-month CD. The 1-year CD is also competitive with a 1.20% APY. The other two specials include a 0.80% APY 6-month CD and a 0.75% APY 5-month CD. Minimum deposit is $1,000. These rates are listed in the bank's online rates page as of 9/21/2011.
The online application only allows Massachusetts residents to apply.
Peoples Federal Savings branches are located in the Boston metro area.
The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 2.67% (excellent) based on June 2011 data. Please refer to our financial overview of Peoples Federal Savings Bank for more details. The bank has been a FDIC member since 1937 (FDIC Certificate # 29861).
How These CD Rates Compare
For nationally available CDs, the best 18-month and 12-month CD rates are 1.55% APY and 1.30% APY at Alliant Credit Union. These have a $25,000 minimum deposit. The rates are 10 basis points lower for a $1,000 minimum. For an internet bank, the best 18-month and 12-month CD rates are 1.35% APY and 1.20% APY at CNBBankDirect. These also have a $25,000 minimum deposit. Rate are accurate as of 9/21/2011.
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.