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2.33% 9-Month CD at S-Bank in MA on Feb 12-13, 2010 - Local Only


S-Bank is having a grand opening 9-month CD special with a very competitive rate of 2.33% APY. Minimum deposit is $1,000, and the maximum is $250,000. It's only available on February 12 and 13, 2010. This special doesn't appear to be listed at the bank's website. It was recently advertised in a Boston newspaper. The ad is available online here.

Even though it's a grand opening special, the special CD is available at all three of the bank's branches which are located in Weymouth, Quincy and East Bridgewater.

The bank also has a competitive yield on the top tier of its money market account: 2.00% APY on balances from $75K to $2M as of 2/07/2010.

S-Bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1986 (FDIC Certificate # 26575).

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Scott (anonymous)   |     |   Comment #1
Went this morning to open this, Got there just before 10:00am and place was already packed. They took down my name and said help yourself to donuts and coffee. Had a pretty good time and they were very friendly and just kept coming out with more chairs as more people showed up and everybody was joking around. Was told same was happening at all branches. After almost 2 hours it was my turn and took about a half an hour to open because I did in my trust. So if anyone is opening Saturday be prepared for probably even a longer wait. Oh and they also gave us big wrapped Valentines  cookies to take home so my V-day shopping all done. With dealing with so many big banks you forget how friendly the little ones can be.
scottj   |     |   Comment #2
Got notice of maturity coming up, Offering a decent renewal rate for people who got in. Can renew for 9, 12, or 24 month at 1.53%