Danvers Bank of Boston, Massachusetts has an online bank CD (certificate of deposit) yielding a 3.30% APY with a maturity date of only 4 months! This bank CD became available yesterday Feb, 17, 2009 and is subject to change without notice. This product is available nationwide for a limited time and a $500 minimum deposit is required. Danvers Bank offers a large variety of bank deposit products but with rates substantially lower than their 4 month promotional online CD. (Compare high interest CD rates)
Danvers Bank CD Rates
- 1 year CD (certificate of deposit) yielding 1.75% APY with a $500.00 minimum deposit
- 3 year CD (certificate of deposit) yielding 2.50% APY with a $500.00 minimum deposit
- 5 year CD (certificate of deposit) yielding 3.25% APY with a $500.00 minimum deposit
- 12 month CD Special yielding 2.50% APY with a $500.00 minimum deposit
About Danvers Bank: (as seen on website)
Danvers Bank was founded in 1850 with a mission of providing banking services to consumers and residents in the town of Danvers. These services primarily included savings accounts and home mortgage loans. More than 155 years later, they remain committed to the financial needs of individuals and families, and have expanded that promise to include businesses both large and small in and around the Greater Boston area.
Terms and Conditions for obtaining the 4 month Online CD
Annual Percentage Yields (APYs) accurate as of Tuesday, February 17, 2009; rates are subject to change without notice; fees and withdrawals could reduce earnings on accounts. A penalty may be imposed for early withdrawal from a Certificate of Deposit (CD) account. All accounts except CDs are variable interest rate accounts and the interest rate may change at any time. The minimum balance tiers to earn the APY stated on this rate sheet reflect the full tier balance ranges for each appropriate tier. All accounts compound monthly. Please see your local banker or consult the “Terms and Conditions of Your Account” document for additional information.