South Coastal Bank has a very competitive 4-year CD with a rate of 3.25% APY. Minimum deposit is $1,000. There is no 5-year term listed, and the shorter term CDs are much less competitive. This 3.25% APY is shown in the bank's CD rate table as of 6/25/2010.
It appears that a branch visit is required to open an account. Branches are located in the Massachusetts cities of Rockland, Scituate, Quincy and Braintree.
The bank's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial and an overall health score of 3 out of 5 at DepositAccounts.com (see our South Coastal Bank financial overview page). Note, the Bankrate rating for this bank wasn't accessible at this time. These ratings are based on 3/31/10 data. The bank has been a FDIC member since 1981 (FDIC Certificate # 23345).
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