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 DepositAccounts.com 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.