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 Hikes Online Savings To 2.02% APY
Deal Summary: Online Savings, 2.02% APY on balances up to $1 million. Availability: Nationwide In early February, MutualOne Bank introduced a new nationally available Online Savings account, with an initial
Radius Bank Ups High-Yield Savings Rate, 1.96% APY ($25k)
Deal Summary: Radius High-Yield Savings, 1.96% APY ($25k+), 1.50% APY ($2.5k+), 0.05% APY ($10+). Availability: Nationwide Massachusetts-based Radius Bank (Radius) ended the week by adding 10 bps to the top
St. Jean's Credit Union (MA) Ups 25-Month CD Special (3.00% APY)
Deal Summary: 25-month CD Special, 3.00% APY, $500 min/$250k max deposit, new money. Availability: Residents of Essex, Middlesex, and Suffolk Counties, Massachusetts. Last week, St. Jean’s Credit Union (St. Jean’s
Cathay Bank 36-Month, 24-Month And 12-Month CD Specials
36-Month CD, 2.75% APY $100,000, 2.65% APY $10,000 24-Month CD, 2.50% APY $100,000, 2.40% APY $10,000 12-Month CD, 2.25% APY $100,000, 2.15% APY $10,000 Personal or Business CD $10,000 new
USALLIANCE Adds Promo Rate On 12-Month CD
Deal Summary: Promotional Rate Certificates – 12-month (2.75% APY), 36-month (3.25% APY), $500 minimum deposit, new money. Availability: Easy membership requirement. Less than three weeks ago, I wrote about how
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