Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Massachusetts Banking Rates and News

Browse through the stories below to view current deals for Massachusetts banks or select an item from the menu bar above to view current rates in Massachusetts.

$200 Checking Account Bonus at Avidia Bank
Avidia Bank

Avidia Bank is offering a nice cash bonus to new checking account customers. You can earn up to $200 for opening a checking account and for using some of its banking services. The full $200 can be earned without direct deposit. The qualifying checking accounts are the Smart Checking and the Value NOW Checking. The Smart Checking is a free checking account with no monthly service charges. Once the checking account is opened, you can earn $50 for each of the following services:

  • Sign up for eStatements
  • Have a Direct Deposit or...
Continue Reading
Checking and CD Specials at Liberty Bank in Connecticut
Liberty Bank

Liberty Bank in Connecticut is offering some good deposit specials. The first is called the "Pick Your Term CD Special", and it offers three competitive rates: 2.50% APY for 5 years, 2.25% APY for 4 years and 2.00% APY for 3 years. Minimum deposit is $1,000, and the maximum is $250,000 with a limit of one account per household. A checking account is required. More details are listed in the bank’s promotions page as of 4/8/2014. One thing not mentioned at that page is the early withdrawal penalty. According to...

Continue Reading
First Republic Bank Raises Long-Term CD Rates in Several States
First Republic Bank

First Republic Bank has recently increased its 5-year and 6-year CD rates, and they’re now competitive. You can get higher rates on the internet, but for those who prefer to open CDs at a branch, these might be appealing. The 6-year CD has a 2.25% APY, and the 5-year CD has a 2.00% APY. Minimum deposit is $5,000. These rates are listed at the bank's rates page as of 4/1/2014. Rates may vary by location. You have to select your region to see the CD rates. I have selected a...

Continue Reading
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...

Continue Reading
Special 3-Year CD Rate at Transportation Federal Credit Union in DC - 2%
Transportation Credit Union

Transportation Federal Credit Union is celebrating its 75-year anniversary with a special CD that it calls the Diamond Anniversary Share Certificate. It has a 2.00% APY with a 3-year term. Minimum deposit is $1,000. This is a limited-time offer. This special CD is listed in the credit union’s promotions page as of 2/21/2014.

The CD can be opened online, by phone or at one of the credit union’s branches. The details are listed in the promotions page.

Credit Union Membership

In 2012 when I reviewed this credit union, there didn’t seem to be...

Continue Reading
Checking and CD Special at MountainOne Bank in MA
MountainOne Bank

MountainOne Bank has two nice deposit account promotions. The first is a checking account bonus. Open a VISTA Checking account with $50 and the bank will deposit $50 in your new VISTA Money Market account. So you’ll need to open both the VISTA Checking and Money Market account to qualify for this bonus. Account must be opened by March 31, 2014. Full details are listed in the bank’s home page.

The second promotion is a CD special. The bank is offering a 1.30% APY on a 13-month CD. Minimum deposit is...

Continue Reading
Special 30-Month CD at Jeanne D'Arc Credit Union in MA & NH
Jeanne D'Arc Credit Union

Jeanne D'Arc Credit Union has a new CD promotion with a competitive rate. The special is a 30-month CD with a 1.65% APY. It's also available for IRAs and SEPs. Minimum deposit is $250. This rate is listed on the credit union's rates page as of 1/16/2014.

The Primary Savings account has a rate of 7% APY on balances up to $500. Balances over $500 earn 0.15%. With a balance of $500, you'll earn about $30 per year more in this than a 1% account. Since you need to maintain a...

Continue Reading
Top Money Market Account Rate at EBSB Direct - New England and NY Only - 1%
EBSB Direct

EBSB Direct continues to have a top rate on its money market account. It has a 1.00% APY for balances of $50K to $1 million. For balances between $5K and $50K, the rate is 0.25%. No interest is paid for balances under $5K. New money is required. These rates are listed at the EBSB Direct home page as of 1/9/2014.

When I last reported on EBSB Direct, I was told that they were opening accounts only for residents of Massachusetts. Before that they had accepted customers from New England and New...

Continue Reading
Competitive Reward Checking and Savings Account at Lee Bank in MA
Lee Bank

Lee Bank has a reward checking and savings account called CACHEChecking and CACHESaver. These accounts are powered by BancVue, and they’re similar to Kasasa Cash and Saver accounts. The rates and balance caps are not the best, but they’re competitive. The bank offers an online application that makes it easy for people to open these accounts. Below is a summary of the rates and features of these accounts as of 10/18/2013:

CACHEChecking account rates and ATM fee refunds if monthly requirements are met:

  • 2.50% APY on balances up to $15,000
  • 0.50% rate on...
Continue Reading
Unique Reward Checking and Savings Account at Leader Bank - MA Only
Leader Bank, National Association

Earlier this year, Leader Bank launched two reward accounts that it calls the Zeugma Checking and Savings accounts. Unlike most reward checking and savings accounts, this doesn’t appear associated with BancVue which has its own unique reward product name (Kasasa). These Zeugma accounts have a few differences than the BancVue version. Some features are better, and some are worse. Below is a summary of the rates and features as of 10/14/2013:

The Zeugma checking account doesn’t pay any interest. Instead, the rewards include the following if the monthly requirements are met:

  • 1%...
Continue Reading
Top Rate on a 30-Month CD at Institution For Savings in MA - 1%
Institution for Savings

We are seeing more banks coming out with 2% CDs, and they are not all long-term CDs. One example of this is at Institution for Savings. It just raised its 30-month CD yield to 2.00%. Minimum deposit is $500, and the early withdrawal penalty for this 30-month term is 9 months of interest, earned or not earned. The CD details and the link to the rates page are listed in the bank’s CD page as of 9/11/2013.

This year Institution for Savings has been shortening the term required to earn 2%....

Continue Reading
Money Market Special at Commerce Bank Branches in Boston
Commerce Bank & Trust Company

Commerce Bank is advertising a money market special with a 1.10% APY guaranteed until 12/31/2013. It’s called the Boston Blue Ribbon Money Market account. Minimum balance to qualify for the 1.10% APY is $5,000, and the maximum balance is $1 million. The offer isn’t listed at the bank’s website. It was recently advertised in a Boston newspaper. The ad is available online here as of 8/27/2013.

The ad says that this account can only be opened at one of the bank’s Boston locations. These branches are at 1320 Washington Street, Boston;...

Continue Reading
View Archive