Banking Rates & News

Boston Metro Area

Including Boston, Worcester, Cambridge, Manchester, Quincy, Nashua, Concord, Salem, Brockton, Dorchester, and 333 other towns.

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Banking in the Boston Area

The Boston area is a strong, deep and growing economy. It is one of the oldest large cities in the United States and has a very well established banking sector. However, banks in the area still continue to grow and add additional services. The cities of Boston, Worchester, Cambridge, Manchester, and Nashua continue to add new branches. The economy is driven by its numerous educational institutions, the pharmaceutical sector, technology, real estate, finance and trade. It also has a moderately sized manufacturing, tourism and entertainment sector.

The Boston region has about 150 banks and 160 credit unions that are headquartered in the city, including Rockland Trust Company, East Boston Savings Bank, Eastern Bank, Metro Credit Union, and Hanscom Federal Credit Union. State Street Bank, which was established all the way back in 1792, especially has proven to be a multi-national bank and financial services provider.

Overall, there are approximately 3,510 branches from nearly 200 banks and 185 credit unions. Many of the major banks, including Bank of America, JP Morgan Chase, Citibank, and Wells Fargo have a presence in the region. As the economy continues to expand, the banking sector will continue to thrive.

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Local Deals & News

MutualOne Bank Boosts 30-Month Online CD To 2.53% APY
Deal Summary: 30-Month CD, 2.53% APY, $500 minimum deposit Availability: Nationwide In the two plus years since it began tendering nationally available products, MutualOne Bank has offered several competitive CDs.
Premier Money Market Special, 1.51% APY
Special rate of 1.51% APY applies to accounts with balances between $10,000 and $1 million. Minimum of $10,000 not currently on deposit with Eastern Bank required to open. An Eastern
First Republic Banks Ups 22-Month CD Special Rate
Deal Summary: 22-month CD Special, 2.40% APY, $10k min/$1m max Availability: Market area includes California, Connecticut, Florida, Massachusetts, New York, and Oregon First Republic Bank (First Republic) was fairly active
St. Mary's Bank Has Nationally Available 24-Month Flex CD
Deal Summary: 24-month Flex CD, 2.00% APY, one-time partial penalty-free withdrawal, one-time rate bump, and one-time additional deposit. Availability: Easy membership requirement Two facts about St. Mary’s Bank (St.MB) before
13 Months At 2.00% APY; 37 Months At 2.50% APY
Limited time certificate specials with $500 minimum to open. Link to the details here:
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