3.14% 15-Month CD at Athol-Clinton Co-operative Bank in Massachusetts - Local Only


Update 5/09/09: The 15-month CD rate has fallen to 2.99% APY.

Athol-Clinton Co-operative Bank is offering two competitive special CD rates: 2.53% APY for a 9-month term and 3.14% APY for a 15-month term. Minimum deposit is $10,000. These rates are listed at the bank's rate table as of 4/17/09.

There's also a savings account called the Passbook Plus which offers a 3.50% APY. However, a balance of $1 million is required. Balances from $100K to $1 million earn only 1%. Note, as a Massachusetts co-operative bank, deposits over the FDIC limits are covered by the private insurance Share Insurance Fund (SIF). Note, readers have noted SIF (and DIF, MA's other insurance fund) should not be considered as safe as FDIC. For details about SIF, refer to the Co-operative Central Bank website.

It appears a branch visit is required to open an account. Branches are located in Central Massachusetts in the towns of Athol and South Lancaster.

The bank has fair ratings for safety and soundness: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1988 (FDIC Certificate # 27293).

Other High Certificate of Deposit Rates

Another good CD deal in MA is at First Priority Credit Union which continues to offer a special 3% APY 9-month CD. Refer to this post for details, and this page for all recent MA deals.

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.