Update 1/16/2011: The 1-year CD special has been replaced with a 2-year CD special with a 1.76% APY.
Equitable Co-operative Bank is offering a special 1-year CD with a 1.51% APY. Minimum deposit is $500, and the maximum is $100,000. This special is listed on the bank's front page in a rotating banner as of 1/9/2011.
As a comparison to the internet banks on 1/9/2011, the best 1-year CD rate is 1.50% APY at CNB Bank Direct.
Equitable Co-operative Bank has an online application. In the application there's an eligibility section in which you have to select that you live or work in either Massachusetts or New Hampshire.
Equitable Co-operative Bank is small with two offices in Lynn and Nahant, MA.
The bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 28.97% based on September 2010 data. Please refer to our financial overview of Equitable Co-operative Bank for more details. The bank has been a FDIC member since 1985 (FDIC Certificate # 26453).
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