Banking Rates & News

Boston Metro Area

Including Malden, Boston, Worcester, Cambridge, Manchester, Concord, Quincy, Nashua, Brockton, Salem, and 331 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

4 Year - 2.5% CD With Premier Checking
https://www.hfcu.org/checking-and-savings/certificates.html
USALLIANCE Adds Cooperative Rewards CD Specials - 24-month, 2.02% APY
Deal Summary: Cooperative Rewards CD Specials: 15-month, 1.51% APY; 24-month, 2.02% APY; 36-month, 2.28% APY, $500 minimum deposit, promo code COOPCD , e-Statements required. Availability: Easy membership requirement. Now through
MutualOne Bank Again Offers Nationwide 61-Month CD (2.53% APY)
Deal Summary: 61-Month CD, 2.53% APY, $5k minimum, $1 million maximum opening deposit. Availability: Nationwide In April, I wrote about MutualOne Bank’s new 61-month CD, which was initially offered at
2.28% APY 36 Mth, 2.02% 24 Mth, 1.51% 15 Mth. $500 Minimum
According to e-mail I received, this suite of CDs make up their unadvertised specials called “Cooperative Rewards.” Offer is available through August 31 w/promo code “COOPCD”. Enrollment in e-statements required.
Primary Bank (New England) Adds 2-Year Anniversary CD, 2.00% APY
Deal Summary: 2-Year Anniversary CD, 2.00% APY; 3-Year CD, 2.25% APY; no minimum deposit. Availability: Market area now includes New Hampshire, Connecticut, Maine, Massachusetts, Rhode Island, and Vermont. New Hampshire-based
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