Banking Rates & News

Boston Metro Area

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

High Yield Savings, 2.00% APY, $25,000 Minimum
Hanscom FCU's High Yield Savings rate has been increased to 2.00% APY.  Minimum opening deposit and minimum balance to earn the 2.00% APY is $25,000.
Special 2.75% APY - 15 Month CD
Just received the offer via post card. New money only, checking not required for this 15 month special offer at 2.75% APY. Available at local branch or online.
Connexus Lowers Rates
Got an alert from another website. Connexus lowered 5-yr rate to 3.00%? My apologies if this is old news, or has already been posted.
High Yield Statement Savings 2.50 APY 5K To 1 Million
https://www.ebsb.com/personal/savings/savings-cds
Rewards Money Market, 2.15% APY, Rate Guarantee
2.15% APY on balances between $25,000 and $250,000 guaranteed through 9/30/2019. Requires new money. "You must have a residential address in either MA, NH, ME, CT, VT, or RI to
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