HarborOne Bank Adds 20-Month CD Special


Deal Summary: 20-month CD Special, 2.30% APY, $1k minimum deposit, new money.

Availability: Market area includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

At the end of February, HarborOne Bank (HarborOne) offered a 13-month Remarkable CD (2.75% APY) that was only available for two days. Barely two weeks later, HarborOne has added two limited-time CD Specials: 11-month (1.75% APY) and 20-month (2.30% APY). Of the two, the 20-month is the more competitive CD.

2.30%-$250kHarborOne Bank20 Month CD Special (New Money)
2.30%-$250kHarborOne Bank20 Month IRA Special (New Money) (Traditional, Roth, CESA)
1.75%-$250kHarborOne Bank11 Month CD Special (New Money)
1.75%-$250kHarborOne Bank11 Month IRA Special (New Money) (Traditional, Roth, CESA)
Rates as of April 22, 2018.

The minimum deposit is $1k of new money, with a $250k maximum deposit. The definition of new money is slightly different than what I’m used to seeing. According to the Deposit Rates page,

Available for New Money to HarborOne Bank, monies cannot be transferred
from an existing HarborOne account, except for maturing CDs through April 30.

The CD Specials are also available as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

HarborOne was originally a credit union, with a history of offering good CD deals. Since becoming a state chartered cooperative bank in 2015, HarborOne’s selection of CDs just hasn’t been that impressive. Two offerings in two weeks can hardly be called a trend, so I’ll just say it may be a good beginning of a trend.

As stated on the Important Account Information page, the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of one year but less than twenty four months:

The penalty we may impose will equal nine months interest on the amount withdrawn subject to penalty.

Thanks to the long-time DA reader, Jimb, who let me know about this latest deal.


Headquartered in Brockton, Massachusetts, HarborOne Bank offers its product line to individuals who have a valid mailing address in New England, including Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

A CD Special can be opened online, or at any of 14 Massachusetts branches located in Abington, Attleboro, Bridgewater, Brockton (4), Canton, Mansfield, Middleboro, North Easton, Plymouth, Randolph, and Raynham.

Bank Overview

HarborOne Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 6.18% (excellent) based on December 31, 2017 data. HarborOne has an above average capitalization level of 10.60%, the result of holding $2.65 billion in assets with $280.99 million in equity. Please refer to our financial overview of HarborOne Bank (FDIC Certificate #59070) for more details.

HarborOne Bank is currently the 17th largest bank in Massachusetts, with assets in excess of $2.6 billion and more than 154,000 customer accounts. Established in 1918 as Brockton Credit Union, the name was changed to HarborOne Credit Union in 2004 to reflect an expanded field of membership, which included four east Massachusetts counties. In 2013, HarborOne converted to a bank to “provide more opportunities for growth and better meet the needs of those who wanted to do business” with HarborOne.

How the CD Special Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the market area, HarborOne Bank’s 20-month CD Special currently ranks fourth.

The above rates are accurate as of 3/14/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Boston CD rates, Providence CD rates, 1-year CD rates, 5-year CD rates

Roubaixgirl   |     |   Comment #1
I opened a Remarkable CD during the prior 2-day special at the end of February 2018. When I logged in to the email link provided, it stated that my application was approved and that I would be contacted within 2 days, after it was "processed." After two WEEKS, I called and asked about my application.

"Did you do the trial deposits?" the customer service rep asked.

"What trial deposits?" I replied, since I had received no emails nor had there been any indication during the application process that there would be trial deposits.

"Oh," she said. "Let me investigate."

After investigation, I was informed that the trial deposits had been "refused" by my funding bank, PurePoint Financial and that I should contact Purepoint, which I did. Purepoint very professionally handled my inquiry and contacted me 3 times during their investigation, confirming with absolute certainty that no trial deposits into my account had been attempted.

I called back HarborOne and asked them to resend the trial deposits. They said it was snowing and they were operating with a skeleton staff but would forward my request to the staff the following day. One week later (just now), I received a voice mail telling me that the trial deposits had been refused 3 weeks ago (which I already knew) and that any applications still unfunded would be deleted at 5 pm (in one hour.) . I called back and asked if they had resent the trial deposits. They said no, and that they could not do that by 5pm. I said okay, let me give you a different funding account then. They said no, they could not do that by 5pm and my application would be deleted. I pointed out that if they had managed to call me at any point prior to ONE HOUR BEFORE THEIR DEADLINE, we could have resolved this.

What a waste of time with such an incompetent bank. NOT WORTH THE 2.75%, I suspect that the fact that they were unable to manage to fund an account in 3 weeks time is probably a blessing in disguise!!!!
HarborOne Bank Offers 13-Month CD On February 27 And 28
Deal Summary: 13-month Remarkable CD, 2.75% APY, $1k minimum deposit, $250k maximum deposit per household, new money, only available February 27 and 28.

Availability: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont

On February 27 and 28, HarborOne Bank (HarborOne) is offering a 13-month Remarkable CD, earning 2.75% APY. The minimum deposit is $1k of new money, with a $250k maximum deposit per household.

The Remarkable CD is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, but only requiring a $500...

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HarborOne Bank Promotes 7- and 13-Month Special CDs
Availability: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont

When I last wrote about HarborOne Bank (HarborOne) in 2013, it had recently changed from a credit union to a bank. As a credit union, HarborOne had a history of offering good CD deals, but since its conversion three years ago, that hasn’t been the case. That changed last week when HarborOne began promoting two Special CDs: 7-month (1.00% APY) and 13-month (1.30% APY).

The minimum opening deposit is for either Special...

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Top 4-Year and 7-Month CD Rates at HarborOne Bank - New England Only

HarborOne in Massachusetts just recently changed from a credit union to a bank. When it was a credit union, it had offered several good CD deals. I’m glad to see the deals haven’t stopped now that it’s a bank. HarborOne Bank currently has two good CD deals: a 2.00% APY 4-year CD and a 1.05% APY 7-month CD. Minimum deposit is $1,000 ($500 in an IRA). These rates are listed in the bank’s deposit rates page as of 8/9/2013.

One downside with the 4-year CD is a large early withdrawal penalty....

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Competitive 14-Month CD Rate at HarborOne Credit Union in MA

HarborOne Credit Union is offering a 14-month CD special. It has a 1.15% APY with a minimum deposit of $1,000 ($500 for IRAs). Maximum deposit is $1 million. This special is listed in the credit union's deposit rates page as of 8/28/2012. It's a limited time summer special.

Credit union membership is open to those living or working in Bristol, Norfolk, Plymouth, or Barnstable counties. Please refer to the credit union's About Page for more details.

Credit Union Overview

Branches are located in the Massachusetts cities of Abington, Bridgewater, Brockton, Canton, Easton, Middleborough,...

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Top Short-Term and Long-Term CD Rates at HarborOne Credit Union in MA - Local Only

HarborOne Credit Union is offering two short-term CD specials: 1.25% APY for a 7-month term and 1.30% APY for a 10-month term. Minimum deposit is $1,000 for a regular CD and $500 for an IRA. The credit union also has competitive rates on its regular long-term CDs. This includes a 2.70% APY 5-year CD, 2.40% APY 4-year CD and a 2.00% APY 3-year CD. You can get a rate that's 15 basis points higher if you have the Advantage Gold Checking Account. This requires a $15K combined balance to avoid...

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