Banking Rates & News

Boston Metro Area

Including Abington, Acton, Allston, Alton, Amesbury, Amherst, Andover, Antrim, Arlington, Ashburnham, and 331 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

USALLIANCE Reduces Rate On Mylife Savings
For years, the USAlliance MyLife Savings account had an APY of 3.05% on the first $500 in the account. That has been reduced to 2.00%. (Balances above $500 will continue
Connexus Credit Union - Opening CD Rates 3/16/20
Amount                   Term                APY $5,000 and over      12 months      0.51% $5,000 and
Big Rate Drop On High Yield Savings
I just checked my EBSB account and discovered the rate had dropped to 1.09% . Yikes!
Wakefield Co-operative Bank Offers Limited-Time 20-Month CD Special
Deal Summary: 20-month CD Special, 2.20% APY, $500 minimum, new money. Availability: Market area includes Essex and Middlesex Counties, Massachusetts For a limited time, Wakefield Co-operative Bank is offering a
Connexus CU Cuts CD Rates By 0.25%
12 month to 1.76% from 2.01% 24 month to 1.96% from 2.21% 36 month to 2.06% from 2.31% 42 month to 2.06% from 2.31% 60 month to 2.16% from 2.41%
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