Winter Hill Bank's 20-Month CD Puts Sizzle In Your Summer


Deal Summary: 20-month CD Special, 1.70% APY, $500 minimum deposit.

Availability: Market area includes Massachusetts and New Hampshire.

Massachusetts-based Winter Hill Bank (Winter Hill) is putting some “sizzle in your summer” with a 20-month CD Special (1.70% APY). This limited-time offer requires a minimum $500 opening deposit, with no stated balance cap.

As stated in the Truth-In-Savings document, the Early Withdrawal Penalty reads as follows:

If your Certificate of Deposit has a maturity of more than 12 months, the penalty will be equal
to 6 months interest, which would have been earned on the amount of principal withdrawn.


Headquartered in Somerville, Massachusetts (five miles north of Boston), Winter Hill Bank’s market area includes all of Massachusetts and New Hampshire.

Opening the CD Special can be done online, or in person at any of three Massachusetts branches located in North Reading and Somerville (2).

If you are naming a beneficiary, a Social Security Number is required in addition to the usual name, address, and date of birth.

If you use the online application to open a CD Special, you can fund it by transferring funds from another financial institution, by mailing a check, or by making an in-branch deposit.

Bank Overview

Winter Hill Bank has an overall health grade of "B+" at, with a Texas Ratio of 0.00% (excellent, and not a typo) based on March 31, 2017 data. In the past year, Winter Hill has increased its total non-brokered deposits by $368k, an above average annual growth rate of 0.15%. Please refer to our financial overview of Winter Hill Bank (FDIC Certificate # 28213) for more details.

Founded in 1906 by a group of local businessmen, Winter Hill Bank was originally known as Winter Hill Federal Savings and Loan Association. (The Winter Hill neighborhood in Somerville takes its name from the 120-foot hill upon which it sits.) The Bank changed its name in 1987, following its conversion to a mutual savings bank. Winter Hill Bank is one of the few independent, mutual, and community banks still in operation in Massachusetts. To quote Sandra McGoldrick, President/CEO of Winter Hill Bank,

Some banks that prospered in our area no longer exist as the contraction of the banking industry continues. There simply are not many of us left but I am proud to say that Winter Hill Bank has not only survived, but is thriving. Simply put: To remain competitive in this evolution of the banking industry, we must be doing something right.

How the CD Special Compares

When compared to the 301 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to within the Bank’s market area, Winter Hill Bank’s 20-month CD Special APY currently ranks first.

The above rates are accurate as of 6/29/2017.

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

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


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.