Everett Co-operative Bank 14-month CD Special - Massachusetts Only



Market area is Massachusetts, with no out-of-state deposits allowed on this CD Special.

Everett Co-operative Bank (ECB) is offering a 14-month CD Special (1.25% APY). The minimum opening deposit is $500 and there is a maximum balance cap of $250K.

According to CSR, the Early Withdrawal Penalty is six months interest.

An ECB Now Checking account is required to open the 14-month CD Special. The monthly service fee on the ECB Now Checking account can be waived if a $500 average daily balance is maintained, or if a regular recurring direct deposit (Social Security, paycheck, etc.) is deposited into the ECB Now Checking. There are no other requirements, such as a certain number of debit card purchases, associated with this checking account.


Everett Co-operative Bank is small, privately owned financial institution located in Everett, Massachusetts (five miles north of Boston).

Everett Co-operative Bank’s services and product line are available to all residents of Massachusetts, but an in-person visit to the sole branch (located on Broadway in Everett) is required to open any account. ECB has a new online banking platform dedicated to account management.

Bank Overview

Everett Co-operative Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 1.69% (excellent), as of September 30, 2014. In the past year, Everett Co-operative has increased its total deposits by $31.67 Million, an excellent annual growth rate of 11.48%. Please refer to our financial overview of Everett Co-operative Bank for more details.

Founded in 1890, Everett Co-operative Bank’s deposits are not only insured by the FDIC (Certificate # 26444), but are also covered by the Share Insurance Fund.

The Share Insurance Fund (SIF) is a private fund owned by the member co-operative banks, which insures all deposits at co-operative banks in Massachusetts above Federal Deposit Insurance Corporation (FDIC) limits.

How the CD Compares

When compared to similar length of term CDs tracked by DepositAccounts.com, with similar deposit requirements and available to Massachusetts residents, Everett Co-operative Bank’s 14-month CD is competitive:

The above rates are accurate as of 12/19/2014.

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

High-Rate 33-Month CD Special at Everett Co-operative Bank in MA

Everett Co-operative Bank just came out with two CD specials. The best one is a 33-month CD that has a 2.30% APY. One downside is that an active ECB NOW Account with direct deposit is required to open this special CD. Also, it’s not available as an IRA. At maturity this CD will automatically renew to a 12 month CD unless the customer chooses another product. There’s also a 25-month CD special, but this has a much lower rate of 1.25% APY. This doesn’t appear to require the checking account....

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

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...

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