Massachusetts-based UniBank for Savings (UniBank) is currently offering a 14-month CD Special, which earn 3.00% APY. The minimum opening deposit is only $500, and the maximum is capped at $1 million. There is also a limit of “one 14-month CD account per customer holding the position of primary account holder.”
In December, I wrote about two CD Specials at UniBank that had new rates: 8-month (2.75% APY) and 6-month (2.50% APY). Both CD Specials are still available, but require a higher $2.5k minimum deposit.
CSR stated that the Early Withdrawal Penalty (EWP) for the 14-month CD Special is six months of dividends, with partial withdrawals permitted. The 8-month CD Special has an EWP of three months of dividends.
Headquartered in Whitinsville, Massachusetts, UniBank offers its services and product line to residents of Connecticut, Massachusetts, and Rhode Island through its online banking platform.
Opening a CD Special can be opened online, or at any of the 14 Massachusetts branches, located in Blackstone, East Douglas, Hopkinton, Milford, North Grafton, Shrewsbury, Sutton (2), Upton, Uxbridge, Whitinsville (2), and Worcester.
UniBank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 8.46% (excellent) based on September 30, 2018 data. In the past year, UniBank has increased its total non-brokered deposits by $40.15 million, an above average annual growth rate of 2.77%. Please refer to our financial overview of UniBank (FDIC Certificate # 90290) for more details.
UniBank was established in 1988 when Uxbridge Savings Bank and Whitinsville Savings Bank merged, with the two Massachusetts banks bringing a combined 293 years of banking experience. UniBank is currently the 25th largest bank in Massachusetts, with assets in excess of $1.6 billion and nearly 44,000 customer accounts.
How the CD Special Compares
When compared to the similar length-of-term CDs tracked by DepositAccounts.com, which are available within the Bank’s online market area and require a similar minimum deposit, UniBank's 14-month CD Special APY currently shares the top spot with INOVA Federal Credit Union’s 14-month CD.
The above rates are accurate as of 1/14/2019.
To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.