3.00% 18-Month CD at Holbrook Cooperative Bank in MA - Local Only


Update 5/23/09: The CD rates have fallen. Please check the bank's website for the latest rates.

Holbrook Cooperative Bank is offering a very competitive rate of 3.00% APY on its 18-month and 24-month CD. Minimum deposit is $1,000. Early withdrawal penalty is 6 months of interest. This rate is listed at the bank's CD rates page as of 5/19/09.

It appears that a branch visit is required to open an account. It's a small bank with one office located in Holbrook, Massachusetts which is about 10 miles south of Boston.

The bank's ratings for safety and soundness are fair: 3.5 stars (good) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The bank has been FDIC insured since 1986 (FDIC Certificate # 26600).

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