Greenfield Co-operative Bank (MA) Offers 8-Month One-Up CD Special - Local


Greenfield Co-operative Bank (MA) has introduced an 8-month "One-Up" Special CD (1.00% APY). This CD has no minimum deposit and no maximum balance.

The "One-Up" feature guarantees that if a higher APY becomes available on a new Greenfield Co-operative Bank (GCB) 8-month "One-Up" Special CD during the term of this CD, you may elect in writing to increase the rate (one time only) to the higher APY with no penalty. If you choose to do so, the CD will be renewed at the higher APY for a new 8 month term. Withdrawals and/or deposits are NOT allowed at the time of your rate increase.

As stated in GCB’s Disclosure, the Early Withdrawal Penalty is as follows:

If the maturity date is one (1) year or less from the date of issuance or renewal, the penalty is an amount equal to ninety-one (91) days of interest.
0.30%$500-Greenfield Co-operative Bank8 Month One Up CD
Accounts mentioned in this post. Rates as of October 24, 2016.


Greenfield Co-operative Bank is headquartered in Greenfield, MA, and at this time, offers its services and products to U.S. citizens and alien residents who reside in GCB’s deposit area of Franklin and Hampshire Counties in Massachusetts; parts of Southern Vermont; and parts of Southern New Hampshire.

Opening a GCB account can be done online or at any of 7 branches located in Greenfield (2), Northfield, Shelburne, Shelburne Falls, Sunderland, and Turners Falls.

Bank Overview

Greenfield Co-operative Bank has an overall health grade of "B+" at, with a Texas ratio of 11.11% (above average) based on June 30, 2014 data. In the past year, GCB has increased its total deposits by $20.26 Million, an excellent annual growth rate of 7.16%. Please refer to our financial overview of Greenfield Co-operative Bank for more details.

Locally owned and operated, Greenfield Co-operative Bank (FDIC Certificate # 26397) has been serving customers in Franklin and Hampshire Counties since1905, and will soon be expanding its customer base. The planned merger of Greenfield Co-operative Bank and Northampton Cooperative Bank moved a step closer to completion in September 2014, with Northampton Cooperative depositors’ approval of the consolidation plan.

The merger is expected to occur in the first quarter of 2015, subject to approvals by the Massachusetts Division of Banks and the Federal Reserve Bank of Boston. The banks would become separate divisions operating under the charter of Greenfield Co-operative Bank, which is owned by the mutual holding company Greenfield Bancorp MHC, created in 2008.

How the Rate Compares

When compared to similar length-of-term CDs tracked by, with no or low minimum deposits and available to Massachusetts residents, Greenfield Co-operative Bank’s 8-month "One-Up" Special CD is competitive.

Interest Rate CD Length Institution
1.07% APY 7-month CD Anniversary Special Chicopee Savings Bank
1.00% APY 8-month "One-Up" Special CD Greenfield Co-operative Bank
0.91% APY 9-month CD Doral Direct

These rates are accurate as of 10/11/2014.

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