Banking Rates & News

Boston Metro Area

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

East Boston Savings Bank (MA) Hikes 48-Month CD Rate
Availability: Market area is Greater Boston metropolitan area. East Boston Savings Bank (EBSB) has raised the rate on its 48-month CD (2.13% APY). The minimum opening deposit is $1k, with
15-Month CD Special In San Diego
Saw this First Republic Bank ad in Sunday's San Diego Union Tribune: 1.25% APY 15-month CD Special $10,000 minimum balance $1,000,000 maximum deposit
Rockland Federal Credit Union (MA) Hikes 18-Month CD Rate
Availability: Residents of the Massachusetts Counties of Barnstable, Bristol, Middlesex, Norfolk, Plymouth, and Suffolk. Rockland Federal Credit Union (RFCU) ended 2016 by raising the rate on its 18-month Share Certificate
Bellwether Community Credit Union (NH) Adds Three CD Specials
Availability: Residents of New Hampshire; employees of the communications industry who work in Maine, Massachusetts, or Vermont. Earlier this month, Bellwether Community Credit Union (BCCU) added three Share Certificate Specials
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