5.50% 6-Month / 5.50% 12-Month CD at a Massachusetts Bank (Bank of Canton).


Update 7/28/07: These CD rates have dropped to 5.30% APY.

Bank of Canton is offering 5.50% APY on its 3, 6 and 12-month certificates of deposit. The 3 and 6 month CD have a $2,500 minimum, and the 1-year CD has a $1,000 minimum. There's also a 1-year IRA with a 5.50% APY (see rate table).

Branches are located in the Boston metro area in the towns of Brookline, Canton, Hyannis, Randolph and Quincy, MA. The bank is FDIC insured (FDIC Certificate # 90175). As a Massachusetts bank, deposits above the FDIC limits are insured by the Depositors Insurance Fund (DIF).
Related Pages: CD rates, IRA rates

Anonymous   |     |   Comment #1
Just went to their website and the rates are 5.30% for the 3,6, and 12 CD.(7-27-07). Must have had the higher rate (5.50%) for just acouple days
Banking Guy
Banking Guy   |     |   Comment #2
Thanks for the comment. It sure didn't last long. I've updated the post with the rate update.