Banking Rates & News

Boston Metro Area

Including Abington, Acton, Allston, Alstead, Alton, Amesbury, Amherst, Andover, Antrim, Arlington, and 329 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 Increases Rate of 12-Month CD Special
Deal Summary: 12-month Certificate Special, 5.40% APY, $500 minimum deposit. Availability: Easy membership requirement At the start of March, New-York based USALLIANCE Financial (USALLIANCE) increased the rate of the 12-month
CD Specials With So-So Rates
Service Credit Union hasn't had a really good rate in a long time. The current CD Special APYs are just okay. 12-Month Share Certificate at 5.15% APY 15-Month Share Certificate
DCU Unveils Competitive 13-Month Promotional CD
Deal Summary: 13-Month Promotional CD, 5.39% APY, $500 minimum deposit, limited-time offer. Availability: Easy membership requirement. Massachusetts-based DCU has added a 13-month Promotional CD (5.39% APY) to its product line.
Salem Five Direct Unveils Competitive 12-Month eCD Special
Deal Summary: 12-month eCD Special, 5.55% APY, $10k minimum/$500k maximum deposit. Availability: Nationwide (internet bank) Massachusetts-based Salem Five Direct has introduced five “promotional Certificate of Deposits with very competitive rates.”
12 Month CD Special
Just posted today for a limited time a rate of 5.5%
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