Blue Hills Bank (MA) Adds 22-Month Flexible CD


Deal Summary: 22-month Flexible CD (2.25% APY), $500 min/$3 million max deposit, new money, add-on deposits in $5k increments allowed in the first twelve months.

Availability: Eastern Massachusetts

Blue Hills Bank (Blue Hills) has added a 22-month Flexible CD (2.25% APY). The minimum deposit is $500 and “Total deposits, including the account opening deposit, may not exceed $3 million.”

2.25%-$3mBlue Hills Bank22 Month Flexible CD Promo - New Money
2.25%-$3mBlue Hills Bank22 Month Flexible IRA Promo - New Money (Traditional, Roth)
Rates as of May 22, 2018.

The Flexible CD is also offered as an IRA (Traditional and Roth), earning the same APY and with the same funding requirements.

As stated in the fine print on the promotion page,

Deposits may be added to the 22 Month Flexible CD in
$5,000 increments for the first 12 months of the initial term.

According to CSR, the Early Withdrawal Penalty for the 22-month Flexible CD is six months interest.

Deposits at Blue Hills are not only insured by the FDIC, but are also covered by the Depositors Insurance Fund (DIF).

All DIF member banks are also members of the FDIC. Each depositor is
insured by the FDIC to at least $250,000. All deposits above the FDIC
insurance amount are insured by the Depositors Insurance Fund (DIF).

Thanks to DA reader, scottj, for his Forum post about Blue Hills’ Flexible CD.


Headquartered in Boston, Blue Hills Bank’s market area is described as “Eastern Massachusetts through branch network and eCommerce channels.”

Opening the 22-month Flexible CD can be done online,* or at any of the eight full-service Massachusetts branches, located in Boston (3), Dedham, Milton, Norwood, Westwood, and West Roxbury. The IRA and Business versions of the 22-month Flexible CD cannot be opened online.

Bank Overview

Blue Hills Bank has an overall health grade of "A+" at, with a Texas Ratio of 3.34% (excellent) based on September 30, 2017 data. In the past year, Blue Hills has increased its total non-brokered deposits by $225.73 million, an excellent annual growth rate of 14.64%. Please refer to our financial overview of Blue Hills Bank (FDIC Certificate # 90160) for more details.

Established in 1871 as the Hyde Park Savings Bank, the Bank rebranded in 2011 as it sought “to transform itself from a sleepy 140-year-old institution with six branches to a growing bank with a broader line of offerings.” (Collateral trivia – seen from the coastline, the mountains in Norfolk County have a bluish hue. This distinctive coloring is caused by the presence of riebeckite, a type of silicate mineral.) Blue Hills Bank is currently Massachusetts’ 16th largest bank with assets in excess of $2.5 billion and with nearly 59,000 customer accounts.

How the Flexible CD Compares

When compared to the 378 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available within the Bank’s market area, Blue Hills Bank's 22-month Flexible CD APY currently ranks second. The ability to add funds during the first twelve months only increases the 22-month Flexible CD’s competitiveness.

The above rates are accurate as of 1/11/2018.

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

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

Blue Hills Bank (MA) Adds Two Limited-Time Bump Up CDs
Deal Summary: 23-month Bump Up CD (2.00% APY), 59-month Bump Up CD (2.47% APY), $500 minimum deposit.

Availability: Eastern Massachusetts

Now through August 18, 2017, Blue Hills Bank (Blue Hills) is offering a 23-month Bump Up CD (2.00% APY) and a 59-month Bump Up CD (2.47% APY). The minimum deposit is $500, with no stated balance cap.

The Bump Up feature allows for a one-time rate increase that must be initiated by the CD's owner.

According to CSR, the Early Withdrawal Penalty for the 23-month Bump Up CD...

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Blue Hills Bank (MA) Offers Very Competitive Premier MMA Promotion

In late August, I wrote about Blue Hills Bank’s two new Bump Rate CD promotions:

5-Year Bump Rate CD (2.10% APY)

3-Year Bump Rate CD (1.35% APY)

Both Bump Rate CDs are still available at the above rates.

Last week, the Massachusetts based Blue Hills Bank added a new Premier Money Market Account promotion, which earns 1.10% APY on balances of $10K+, with no maximum balance cap; balances under $10K earn 0.10% APY.

Account Requirements

According to Blue Hills Bank’s Special Offers Disclosure Page,


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Blue Hills Bank (MA) Introduces New 5-Year Bump Rate CD

Last week, Blue Hills Bank (Massachusetts) introduced a 5-Year Bump Rate CD (2.10% APY) and a 3-Year Bump Rate CD (1.35% APY). While the 3-Year Bump Rate CD is not that competitive, the 5-Year Bump Rate CD is definitely worth consideration. A $500 minimum deposit opens this 5-Year Bump Rate CD, with interest compounded monthly.

The Early Withdrawal Penalty is six months interest on the amount withdrawn.

According to Blue Hills Bank's Disclosure Page, the Bump Rate feature is as follows:


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Massachusetts Savings Account and CD Deal at Blue Hills Bank

Blue Hills Bank continues to offer a very competitive rate on its Triangle Statement Savings Account. This rate is 1.10% APY, and it has been at this level for the last year. A balance of at least $10,000 is required to qualify for this rate. Also, a Triangle Checking Account is required to open this savings account. A monthly service charge of $5 will be waived if you maintain an average daily balance of $2,500 in the savings account or a $5,000 minimum combined average daily balance in the savings...

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Top 16-Month Internet CD Rate Continues at Hyde Park Savings Bank - MA Only

Hyde Park Savings Bank continues to offer a competitive 16-month internet CD for residents of Massachusetts. The rate is down since my May post, but it remains competitive at 1.70% APY. Minimum deposit is $1,000. This rate is listed at the bank's rate table as of the morning of 9/28/2010.

The bank provides an online application that allows electronic funding via ACH, but the application specifically restricts accounts to Massachusetts residents. In this previous post a reader commented that the CD rate locks as soon as you submit the online application...

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More Past Offers

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