Banking Rates & News

Boston Metro Area

Including Abington, Acton, Allston, Alstead, Alton, Amesbury, Amherst, Andover, Antrim, Arlington, and 329 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's High Dividend Savings Now At 3.50%
https://www.usalliance.org/banking-products/high-dividend-savings?hsCtaTracking=cbf96032-e502-445f-9...
Savings Accounts Discontinued
CSR I spoke to says the rate will stay the same at 3.75%. They have no immediate plans to open a new account.
Metro Credit Union (MA/NH) Ups Competitive CD/IRA Special Rates
Deal Summary: 15-month CD Special, 4.75% APY and 15-month IRA CD Special, 4.80% APY. $500 minimum deposit, new money required. Availability: Eleven Massachusetts counties and three New Hampshire counties. Massachusetts-based
Workers Credit Union Adds Nationally Available 16-Month No Penalty CD
Deal Summary: Holiday Dash 16-Month No Penalty CD Special, 4.60% APY, $500 minimum deposit, one penalty-free withdrawal, available through December 31, 2022. Availability: Nationwide Massachusetts-based Workers Credit Union (WCU) has
PNC Bank Joins The 4% Club
PNC High Yield Savings 3.93% comes to 4% APY
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