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

Salem Five Ups Gold Star Money Market To 1.75% APY
Deal Summary: Gold Star Money Market, 1.75% APY, minimum opening deposit of $10 (in-branch) or $100 (online), $1 million maximum balance. Availability: Nationwide Salem Five has raised the rate on
Institution For Savings (MA) Ups 40-Month CD (3.00% APY)
Deal Summary: 40-month CD (3.00% APY), $500 minimum deposit Availability: Market area is Massachusetts’ North Shore region, with Zip Code as the determinant. Institution for Savings has just raised the
Scient FCU (CT/MA/NY/RI) Has Limited-Time 50-Month CD (3.00% APY)
Deal Summary: 50-month Special Rate Share Certificate, 3.00% APY, $500 minimum, $10k maximum existing money, $250k maximum new money, through May 31, 2018. Availability: Easy membership requirement for residents of
2-Year CD, 2.50% APY
For residents of Connecticut, New York, Massachusetts, and Rhode Island. 2-year CD, 2.50% APY, $1,000 minimum deposit. Checking account required.
EBSB Direct Introduces 20-Month CD (2.69% APY)
Deal Summary: 20-month CD, 2.69% APY, $1k minimum deposit, limited-time offer Availability: Nationwide (internet bank) EBSB Direct’s ever-changing product line has introduced a new CD: a limited-time 20-month CD, earning
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