Competitive Long-Term CD Rates at Randolph Savings Bank in MA & RI - Local Only

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.15%$1k-Randolph Savings Bank60 Month CD
Accounts mentioned in this post. Rates as of September 27, 2016.

Randolph Savings Bank is offering several good deals on its CDs and IRA CDs. The most competitive is a 3.15% APY 60-month CD. The other ones include a 2.00% APY 30-month CD special and a 2.50% APY 48-month CD special with a bump option. For the bank's Rhode Island customers, there's a very competitive 10-month CD with a 1.50% APY. Minimum deposit is $1,000. These rates are listed in the bank's Rhode Island rate sheet and the Massachusetts rate sheet as of 7/23/2010.

The bank has an online application, but it states that "new Accounts are opened for existing customers and those who live or work within our defined market area."

Branches are located in the Massachusetts cities of Randolph, Stoughton, Holbrook and in the Rhode Island cities of Coventry and Cranston.

The bank's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our financial overview for Randolph Savings Bank). The bank has been a FDIC member since 1986 (FDIC Certificate # 90270).

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Comments
Anonymous
Anonymous   |     |   Comment #1
Thanks for this; its my hometown bank.  I did the 5 year CD @ 3.15% apy.  FYI: early closure can be done; the penalty is 180 days.  Partial early withdrawal is also OK - the penalty would only apply to the amount of $ withdrawn from the CD.  Besides FDIC insurance they also carry additional insurance and the bank has very good ratings.  The CSR was extremely helpful as well.
I could have put this money (from a CD just closed) into my NWFCU 3.75% add-on but since that ends in February I decided to go for this one as it will last a lot longer in case rates don't go up -- and I truly don't believe rates are going to go up for a very long time.