Banking Rates & News

Boston Metro Area

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

1-Year IRA CD, 2.25% APY
Earn a rate of 2.23% with a yield of 2.25% Annual Percentage Yield (APY) when you make your contributions into an IC IRA Share Certificate of Deposit (CD). Minimum deposit
USALLIANCE Financial Ups 18-Month CD Special Rate
Deal Summary: 18-month Certificate Special, 1.55% APY, $500 minimum deposit, checking or savings relationship. Availability: Easy membership requirement. USALLIANCE Financial (USALLIANCE) recently raised the rates on two of its Certificate
Rate Drop To 2.%
2.00% APY on balances up to $15,0001 and 0.01% APY on balances over $15,0001. (See below to maximize earnings on balances over $15,000)
Santander Waiving Early Withdrawal Fees For CDs
For our Retail Bank Customers: We are providing assistance in a number of ways including: helping those experiencing difficulties with loan payments; waiving fees associated with early CD withdrawals; and
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
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