Banking Rates & News

Boston Metro Area

Including Boston, Worcester, Cambridge, Manchester, Concord, Nashua, Quincy, Salem, Brockton, Woburn, and 333 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 Financial's MyChoice CD Option Adds 0.50%
Availability: Easy membership requirement. Yesterday, DA reader and contributor, ChasR, forwarded an email from USALLIANCE Financial (USALLIANCE) announcing that the Golden Anniversary 9-month CD (1.55% APY) was being re-opened. On
TD Bank Has Online $150/$300 Checking Bonuses
Availability: Checking bonuses are available only online to residents of CT, DC, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, and VT. In the past
First Republic Bank Raises Rates On Long Term CDs
Availability: Market area includes California, Connecticut, Florida, Massachusetts, New York, and Oregon I have written several times about First Republic Bank’s CD Specials and competitive long-term CD rates over the
United Bank (CT/MA) Introduces Online Advantage MMA
Availability: Market area for the online Advantage Money Market is New England and the upper East Coast States. Earlier this month, United Bank introduced its Advantage Money Market, which is
CD Rate Increases
First Republic Bank has just posted some meaningful CD rate increases--2.25% APY for 6 years and 2.00% APY for 5 years.  Although by themselves these are not all that exciting, some