Dedicated to Deposits: Deals, Data, and Discussion

High-Rate 63-Month CD Special at Everett Co-operative Bank in MA


Everett Co-operative Bank

Everett Co-operative Bank just came out with a 63-month spring CD special. It has a very competitive rate of 3.00% APY. Minimum deposit is $500, and the maximum deposit is $250,000. An Everett Co-operative Bank NOW Checking Account is required to open this special CD. This CD special is listed at the bank’s deposit rates page as of 3/20/2014.

No out-of-state deposits are allowed for this special CD. It’s a small bank with one branch located in Everett, Massachusetts which is just north of Boston.

The bank has an overall health grade at of an A+ with a Texas ratio of 5.85% (excellent) based on December 2013 data. Please refer to our financial overview of Everett Co-operative Bank for more details. The bank has been a FDIC member since 1985 (FDIC Certificate # 26444). The bank is also a member of the Share Insurance Fund (SIF). This is a private fund owned by the member co-operative banks, which insures all deposits at co-operative banks in Massachusetts above FDIC limits.

How This CD Rate Compares

The highest 5-year CD rate that’s nationally available is 2.53% APY at Garden Savings Federal Credit Union. This is an all-access credit union that makes it easy for anyone to join via an association. The highest 5-year CD rate at an internet bank is 2.30% APY. This is available for $100K deposits at CIT Bank. The yield is 2.25% for $1K deposits.

To search for the best nationwide rates and the best rates in your state, please refer to our CD rates tables.

  Tags: Everett Co-operative Bank, CD rates, Massachusetts

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Comment #1 by 51hh posted on
$250 Direct Deposit monthly is also required, FYI.

Comment #2 by scottj posted on
If you want this rate go to East Boston Savings bank. Went there with my mother this morning to get a check from her MM account, they asked where we were going with it and told them was going to open the 20 month 1.25% that Northern  Bank&Trust was offering. Manager said she would match that or any rate we could find locally. Asked about this 63 month 3% and she said they don't offer that term so would do it for 60 months. My mom decided to stay shorter, since they don't have a 20 month term they gave her that 1.25% for 18 months. 

Comment #3 by 51hh posted on
Thanks much, Scott, will try it next Monday.

Comment #4 by 51hh posted on

just an update; East Boston Saving Bank will not match the offer.  I think that they are selective on their matches.