Florence Bank

written by Ken Tumin

Banks and credit unions are battling it out for deposits...\r\nSee More\r\n


Banks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.

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Banks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.

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written by Ken Tumin

Interest rates on savings accounts vary greatly, which means you need to shop around to find your best rate available. It’s possible to find rates over 5.25%, while the average savings account rate stands at around 0.48% (as of November 2023). This is why we check rates daily at more than 5,000 U.S. banks and credit unions, to make it easy for you to gain the best possible return on your savings. The savings account table below allows you to compare savings account rates offered by financial institutions such as online banks, credit unions, community banks and the big nationwide banks.

\r\n","StateBlurb":"Compare rates on personal savings accounts in [state]. We check both the national banks and local banks in [state] every day to provide you with the most current savings account rates available in your area. If there is a local bank you would like to see listed here, let us know and we'll do our best to add it.","Active":true,"MinAmount":0.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-health,-edu,-youth,-club,-retirement,-reward,-misc,-relationship","PageTitle":"High Yield Savings Accounts – Daily Rates | DepositAccounts","StatePageTitle":"[state] Savings Account Rates","DefaultAmount":25000.0000,"Meta":"Compare savings accounts from banks and credit unions across the country and see who's currently offering the best savings account rates.","StateMeta":"","Article":"","ShortName":"Savings","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/savings/","TagArray":[],"NegativeTagArray":["business","health","edu","youth","club","retirement","reward","misc","relationship"]},"Ad":null,"NationalRate":0.4928,"Score":50.0},{"Account":{"CharterType":"","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"Money Market Deposit Account","ProductGroupId":0,"ProductGroupName":"","BankId":514,"SectionId":5,"Id":23756,"BankUrl":"florence-bank.html","ProductName":"Money Market Deposit Account","BankName":"Florence Bank","Apy":0.15,"RewardRate":0.0,"MinAmount":1000.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-05T21:02:52.62","InstitutionType":"SI","Term":0,"MaxTerm":0,"States":"MA","OnlineStates":"MA","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Id":36411,"Min":1000.0,"Max":999999999.0,"Apy":0.15},{"Id":36410,"Min":10.0,"Max":999.99,"Apy":0.05}],"Id":16253,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"","ReviewCount":4,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"","DmaCodes":",543,","Locations":13,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":22,"SectionId":5,"Name":"Money Market Accounts","InformaCode":"DP02001","Url":"","Blurb":"
written by Ken Tumin | Updated on September 21, 2022

A money market account (MMA) has a unique set of features that makes it a hybrid of a savings account and a checking account. Money market accounts offer high interest rates, and also easy access to your money.


The money market accounts listed in the table below are sorted according to rates, from highest to lowest. This table lets you compare money market accounts from banks and credit unions — use the filter box to customize your results. Read on to learn more about the history, distinct features and benefits of these accounts.

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Overview / Commentary
85 Main Street
Florence, MA 01062

Florence Bank is headquartered in FLORENCE and is the 28th largest bank in the state of Massachusetts. It is also the 604th largest bank in the nation. It was established in 1873 and as of June of 2023, it had grown to 212 employees at 13 locations. Florence Bank has a B health rating.

Reviews (4)

A solid, local bank serving the community for decades

Posted by: |

I have had a checking - and at one time, a savings - account with Florence Savings for well over 15 years. I'm a big believer in trying to keep my money close to the community, where it can do more good, and as a result, I've eschewed banking at big national companies like TD or BoA. The customer service is excellent, the branch locations are convenient to where I live and work, and the bank is clearly taking the time and spending the money to keep up with online offerings, which I believe are comparable to what the "big boys" have, with robust online web and phone based banking tools. My only complaint is that I've generally had a much easier time obtaining reasonable mortgage and HELOC terms with the competing co-operative bank.

Lost A Customer For Life

Posted by: |

I was a customer for many years before leaving the area. I recently moved back to the area and used the ATM at Main and Pleasant Street. I paid the usual bank RIP OFF fee to get a hundred dollars from the account and then walked into the bank and asked a teller if I could exchange 5 $20 dollar bills for 1 $100 dollar bill. She asked if I had an account and when I said no, she said she can't "make change" if I'm not a customer. How sad and what poor customer service. I'll never go back.

Stay Away - Please!!!

Posted by: |

Can't speak for their residential loan services, but as far as their commercial loan department they are the WORST. I'd go so far as to say that if I landed on the Moon and they were the only bank there I'd fire up the boosters and head for Mars. Incompetent and ineffective loan officers, reprehensible loan committee, draconian policies - please, please do yourself a favor and find another bank for your commercial loan business, or you'll be very sorry. Barely one small step above worthless, one giant leap below a bank you should give your commercial business to. If I took the time and effort to post this feedback please believe it is to help others from getting screwed.......

Lousy, Lousy Customer Service.

Posted by: |

When a teller screwed up and gave my wife wrong information, the manager of the King Street Branch, who also claims to be VP for customer service, effectively called my wife a liar and refused to do anything to rectify the problem.


Health Grade Components

FDIC Certificate #23293
Year Established1873
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD10.01%
Annual Interest Income$31.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.86B$1.93B
LoansQ2 2023vs Q2 2022$1.09B$1.04B
DepositsQ2 2023vs Q2 2022$1.65B$1.75B
Equity CapitalQ2 2023vs Q2 2022$163.2MM$160.9MM
Loan Loss AllowanceQ2 2023vs Q2 2022$6.8MM$7.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$4.6MM$2.3MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Florence Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Florence Bank Savings Account Rates

0.10%$1-School Savings
0.05%$10-Variable IRA Savings
0.05%$10-EZ Savings
0.05%$10-Club Account
0.05%$10-Client Escrow Savings
0.05%$10-Statement Savings
0.05%$10-Security Deposit Account
0.05%$10-Business Statement Savings

Florence Bank Money Market Rates

0.40%*$100k*-Performance Money Market
OTHER TIERS: 0.05% $10 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.30% $50k - $100k
0.40%*$500k*-Business Money Market
OTHER TIERS: 0.15% $10 - $25k | 0.20% $25k - $100k | 0.30% $100k - $500k
0.15%*$1k*-Money Market Deposit Account
OTHER TIERS: 0.05% $10 - $1k

Florence Bank Checking Account Rates

3.03%$10-IOLTA Checking
0.25%-$25kRewards Checking

Florence Bank CD Rates

4.85%$500-10 Month CD
4.85%$500-Business 10 Month CD
4.00%$5k$1m7 Month Easy-Out CD
4.00%$5k$1mBusiness 7 Month Easy-Out CD
4.00%$500-Business 14 Month CD
4.00%$500-14 Month CD
3.00%$500-15 Month Bump Up CD
3.00%$500-Business 15 Month Bump Up CD
1.50%$500$1m6 Month CD
1.50%$500$1mBusiness 6 Month CD
1.00%$500$1m3 Month CD
1.00%$500$1mBusiness 3 Month CD
1.00%$500$1m60 Month CD
1.00%$500$1mBusiness 60 Month CD
0.75%$500$1m48 Month CD
0.75%$500$1mBusiness 48 Month CD
0.40%$500$1m36 Month CD
0.40%$500$1mBusiness 36 Month CD
0.35%$500$1m30 Month CD
0.35%$500$1mBusiness 30 Month CD
0.30%$500$1m24 Month CD
0.30%$500$1mBusiness 24 Month CD
0.20%$500$1m12 Month CD
0.20%$500$1m18 Month CD
0.20%$500$1mBusiness 12 Month CD
0.20%$500$1mBusiness 18 Month CD
0.15%$5k$1m17 Month Easy-Out CD
0.15%$5k$1mBusiness 17 Month Easy-Out CD

Florence Bank IRA Rates

4.00%$500-14 Month IRA
3.00%$500-15 Month Bump Up IRA
1.00%$500$1m60 Month IRA
0.75%$500$1m48 Month IRA
0.40%$500$1m36 Month IRA
0.35%$500$1m30 Month IRA
0.30%$500$1m24 Month IRA
0.20%$500$1m12 Month IRA
0.20%$500$1m18 Month IRA


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.