Banking Rates & News

Boston Metro Area

Including Boston, Worcester, Cambridge, Manchester, Concord, Nashua, Quincy, Salem, Brockton, Dorchester, and 335 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

Institution for Savings (MA) Adds 18-Month CD (2.00% APY)
Deal Summary: 18-month CD (2.00% APY), $500 minimum deposit Availability: Market area is Massachusetts’ North Shore region, with Zip Code as the determinant. Winter is coming. According to Institution for
MountainOne Bank (MA) Has Limited Time 8-Month CD Special
Deal Summary: 8-month CD Special, 1.50% APY, $10k minimum deposit, $250k limit per customer, in-branch only. Availability: Massachusetts residents For a limited time, MountainOne Bank (MountainOne) is offering an 8-month
8-Month CD Special, 1.50% APY
8-month CD Special, 1.50% APY, $10,000 minimum deposit https://www.mountainone.com/rates/certificates-deposit Limited to $250,000 per customer. Limited time offer. Personal accounts only. Must be opened in any MountainOne Bank lobby.
20- And 30-Month CD Specials
20-month CD Special, 2.00% APY 30-month CD Special, 2.15% APY $500 minimum/$250k maximum deposit https://www.beverlybank.com/personal/savings-cds-and-iras/19-month-cd-special.aspx
USALLIANCE Ups 24-Month Certificate Rate
Deal Summary: 24-month Fixed Rate Certificate, 2.02% APY, $500 minimum deposit Availability: Easy membership requirement USALLIANCE Financial (USALLIANCE) is continuing to offer a variety of competitive CDs. In late October,
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