Banking Rates & News

Boston Metro Area

Including Boston, Worcester, Cambridge, Manchester, Quincy, Nashua, Concord, Salem, Brockton, Dorchester, and 332 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

Taunton Federal Credit Union (MA/RI) Hikes 11-Month CD To 3.11% APY
Deal Summary: 11-month Term Share Certificate, 3.11% APY, $250 minimum deposit. Availability: Residents of Bristol County, Massachusetts and most of Rhode Island. Massachusetts-based Taunton Federal Credit Union (TFCU) has raised
Connexus Credit Union Ups 60-Month CD Rate to 3.40% APY
Deal Summary: Share Certificates – 60-month (3.40% APY), 36-month (3.10% APY), $5k minimum deposit Availability: Easy membership requirement Connexus Credit Union (Connexus) raised the rates on its Share Certificates (SC)
Colonial Federal Savings Bank (MA) Ups 4-Year CD To 3.25% APY
Deal Summary: CDs – 4-year (3.25% APY), 27-month (3.00% APY), 17-month (2.75% APY), $1k minimum deposit. Availability: Market area is primarily Norfolk County, Massachusetts. For a limited time, Colonial Federal
Connexus New Rates
I saw Connexus has new rates 36 month 3.10 APY 60 month 3.40 APY
Usalliance Drops Out Of 3% Club Again
The USAlliance 18-month rate special is now down to 2.85%.
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