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

Metro Credit Union (MA) Boosts 36-Month CD Rate By 135 bps
Deal Summary: 36-month CD, 2.25% APY, $500 minimum deposit. Availability: Residents of the eastern Massachusetts counties of Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester. At the beginning of
18-Month CD,1.75% APY
If you happen to live in the town of Tewksbury, Massachusetts, you can open the 18-month CD (1.75% APY) with a $500 minimum deposit.
First Ipswich Bank's (MA) 19-Month CD Earns 1.80% APY
Deal Summary: 19-month CD Special, 1.80% APY, $2.5k minimum deposit. Availability: Market area is Massachusetts’ North Shore and Cape Ann region. Last month, I wrote about First Ipswich Bank’s 30-month
DCU 5.12% Promo Now At $1000
Got an e-mail from DCU just now. They have stepped up the savings balance on which they will pay 5.12% APY from $750 to $1000. I was already in back
Competitive Rates on Money Market and 30-Month CD at EBSB Direct
Deal Summary: Money Market Direct, 1.39% APY ($50k+), 0.20% APY ($5k-$50k), minimum $5k opening deposit of new money. 30-month CD, 2.21% APY, $1k minimum deposit, new money, limited-time offer. Availability:
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