Banking Rates & News

Boston Metro Area

Including Boston, Worcester, Cambridge, Manchester, Concord, Nashua, Quincy, Brockton, Salem, Woburn, and 334 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

High Yield Savings 1.20% $50K Min *Annual Percentage Yield (APY) as of 6/13/16. but may vary after account opening, is subject to change and is based on daily balances. Rates may change throughout the month
$400 Checking Bonus After 120 Days, Through 8/31/16
30 Days of $15K; then reduce to $10K while awaiting $400 reward; then downgrade to $1,500 min account -- for another month -- to avoid closing fee hassles. Details /Analysis
1.08% Money Market
ESBS Direct has a Money Market that is .92%, they are now offering "Money Market Special 2" that is 1.08% for balances over $10k, $1,999,999 max. It says new money
12-Month, 1.36% APY CD. Quick Look.
Country Bank - Massachusetts, is offering a nationally available 12-month, 1.36% APY CD, $25,000 minimum. Credit for find: Bankaholic's Sabrina Karl
Connexus 1.33%/1.43%/1.53% APY 12Mo/18Mo/24 month CDs
Connexus Credit Union got back in the game today with three competitive short term CD's:      1.33% APY for 12 months      1.43%    "     "   18