HarborOne Bank Promotes 7- and 13-Month Special CDs

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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).

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.30%--HarborOne Bank13 Month CD Special - New Money Only
1.30%--HarborOne Bank13 Month IRA Special - New Money Only (Traditional, Roth, CESA)
1.00%--HarborOne Bank7 Month CD Special - New Money Only
1.00%--HarborOne Bank7 Month IRA Special - New Money Only (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of September 30, 2016.

The minimum opening deposit is for either Special CD is $1k of new money, and there is no stated balance cap. They are also available as IRAs (Traditional, Roth, and CESA) earning the same APYs, with the same funding requirements.

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

  • If your account has an original maturity of less than one year: The penalty we may impose will equal three months interest on the amount withdrawn subject to penalty.
  • 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of one year but less than twenty four months: The penalty we may impose will equal nine months interest on the amount withdrawn subject to penalty.
  • Availability

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

    Opening a Special CD can be done online, or with an in-person visit to 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 (FDIC Certificate #59070) has an overall health grade of "A" at DepositAccounts.com, with an excellent Texas ratio of 10.31%, based on June 30, 2016 data. In the past year, HarborOne has increased its total deposits by $117.63 million, an excellent annual growth rate of 7.06%. Please refer to our financial overview of HarborOne Bank for more details.

    HarborOne Bank is currently the 15th largest bank in Massachusetts, with assets in excess of $2.2 billion. Established in 1918 as Brockton Credit Union, the name was changed to HarborOne Credit Union in 2004 to reflect an expanded field of membership that 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 Special CDs Compare

    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 7-month Special CD currently ranks first.

    Interest RateCD Length of TermCredit Union/Bank
    1.00% APY7-Month Special CDHarborOne Bank
    0.96% APY9-Month Yield Pledge CDEverBank
    0.90% APY9-Month CDCapital One 360

    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 13-month Special CD currently ranks second.

    Interest RateCD Length of TermCredit Union/Bank
    1.31% APY1-Year Yield Pledge CDEverBank
    1.30% APY13-Month Special CDHarborOne Bank
    1.29% APY1-Year CDState Bank of India

    The above rates are accurate as of 9/14/2016.

    To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of DepositAccounts.com or our Rates Map page.

    Comments
    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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    4.00% 7-Month CD at HarborOne Credit Union in MA
    HarborOne Credit Union is offering a special 7-month CD with a yield of 4.00% APY. Minimum deposit is $1,000 ($500 for an IRA). The special is listed at the credit union's rate table as of 11/16/08.

    Membership is open to people living or working in Bristol, Norfolk, Plymouth, or Barnstable counties. Please refer to the credit union's Welcome Page for more details.

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

    HarborOne Credit Union is federally insured by the NCUA (Charter #...





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