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

Leominster Credit Union (MA) 9-Month CD Special Earns 2.40% APY
Deal Summary: 9-month Term Share CD Special, 2.40% APY, $1k minimum deposit, offer ends September 30, 2019. Availability: Residents of Franklin, Hampden, Hampshire, Middlesex, Norfolk, and Worcester Counties, Massachusetts. Now
Taunton Federal Credit Union (MA/RI) Adds 9-Month eCD, 2.40% APY
Deal Summary: 9-month eCertificate Special, 2.40% APY, $250 minimum deposit. Availability: Residents of Bristol County, Massachusetts and most of Rhode Island. Massachusetts-based Taunton Federal Credit Union (TFCU) recently added two
Bank of New England Offers 3.04% APY On 48-59 Month CD
Deal Summary: CDs – 48-59 month (3.04% APY), and 60-month (3.04% APY), $500 minimum deposit. Availability: Market area is primarily southeastern New Hampshire and nearby Massachusetts, but any New England
Another Rate Drop
I just checked my High Yield Savings account at East Boston Savings and the rate is now 2.15%. When I opened the account in October 2018, it was paying 2.50%
Transportation Federal Credit Union Has Top 2-Year CD, 2.86% APY
Deal Summary : 80 th Anniversary Certificates (new money): 2-year Share Certificate, 2.83% APY, $1k min deposit. 2-year Jumbo Certificate, 2.86% APY, $100k min deposit. Availability: Easy membership through American
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