UniBank (MA/CT/RI) Offers 14-Month CD Special, 3.00% APY


Deal Summary: 14-month CD Special, 3.00% APY, $500 min/$1m max deposit, limit of one.

Availability: Online market area includes Connecticut, Massachusetts, and Rhode Island.

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.”

4.57%$500$1mUniBank for Savings14 Month CD Special
Rates as of May 25, 2024.

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.

5.00%$2.5k-UniBank for Savings8 Month CD Special
Rates as of May 25, 2024.

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.

Bank Overview

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.

Related Pages: Boston CD rates, 1-year CD rates

  |     |   Comment #1
Opened this account and was pretty easy and wanted to give a quick review for anyone interested in opening. First no hard credit check, they did send me a link on phone to take a picture of my license and that was it for verifying. Then they use edocument for signature. Funding account by ACH has a very low Max, $3k, was easy to work around it though. When I applied for CD I also applied for free checking account and was emailed the Certificate and Checking account info. I then went into my EBSB account to link, the only thing that makes it a little harder is you don't have online access until account is funded so I had to call the next day and they gave me the trial deposit amounts. Then I verified on EBSB and made the transfer. The next day I had access to Unibank online and the CD and checking account had the correct amounts in them. What was nice was I started this on 1/14 and that is opening date on CD, but money didnt leave my account till 1/17, so a few days of double interest :). On the couple times I did talk with someone there they were very friendly and helpful
UniBank for Savings Boosts 8-Month CD Special
Deal Summary: 8-month CD Special, 2.75% APY, $2.5k minimum deposit

Availability: Online market area includes Connecticut, Massachusetts, and Rhode Island.

Massachusetts-based UniBank for Savings (UniBank) has raised the rate on two of its CD Specials: 8-month (2.75% APY) and 6-month (2.50% APY). Of the two, the 8-month has the more competitive rate. Either CD Special can be opened with a $2.5k minimum deposit.

Prior to last week’s 150 bps increase, the 8-month CD Special’s APY was regulated to rate oblivion, with APYs...

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New Reward Checking Account at UniBank for Savings in MA, CT & RI

Most reward checking accounts are free checking accounts. You don't have to worry about a monthly maintenance fee even if you don't meet the monthly debit card requirements. However, there are a few reward checking accounts that do have potential monthly fees, and that's the case with UniBank for Savings and its new reward checking account called eChecking. If you're careful, you can avoid the monthly fee and be rewarded with a reward checking rate that's quite competitive in today's environment.

The following eChecking rates and requirements are listed at UniBank's...

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Top 4-Year CD Rate at UniBank in Massachusetts - Local Only

UniBank is again offering a very competitive 4-year CD. It has a 3.00% APY with a maximum deposit of $250,000. The rate is subject to change at anytime. It's listed at the bank's rates page as of 6/27/2011.

I first reported on this special in March, but I just learned this special hasn't been available for that entire time. It just came back about a month ago. I was told the early withdrawal penalty is 6 months of interest.

I also learned that it's a branch-only special that is not available from...

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Top 4-Year CD Special at UniBank in MA - Local Only

UniBank is offering a very competitive rate of 3.00% APY on a 4-year CD special. Minimum deposit is $500. The CD specials with shorter terms are not nearly as competitive. These include a 1.50% APY 2-year CD and a 1.00% APY 1-year CD. On the plus side, these two shorter term CDs give you the option to step up to a higher rate once during the life of the account. These rates are listed in the bank's deposit rates page as of the morning of 3/14/2011.

As a comparison to CDs...

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