Best 1 Year CD Rates in Massachusetts Offered by Community Bank

November 5, 2011 No Comments »

We stumbled across a small community bank in Woburn, Massachusetts, which is featuring a 12 month CD yielding interest rates that are 0.10% higher than the top 1 year CD’s offered by the top national banks. During our weekly survey of top interest rates on certificates of deposit from locally based banks and credit unions we were notified of the 12 month 1.25% APY CD from Patriot Community Bank. Patriot Community Bank has just one location in Wolburn, MA (on 237 Lexington Street).

Patriot Community Bank is a rather newly established institution founded in 2006 by a group of local investors spear headed by John M. O’Donnell. They attribute their young success to immersing themselves in local community events and adding a personal touch to banking.

Below are other noteworthy 12 month CD rates in Massachusetts (Local Only):

(Rates accurate as of November 2011.)

- Patriot Community Bank offering a 12 month CD yielding 1.25% APY with a minimum deposit requirement of $1,000.

- Beacon Federal Credit Union offering a 11 month CD yielding 1.11% APY with a minimum deposit requirement of $10,000.

- Service Credit Union offering a 12 month CD yielding 1.05% APY with a minimum deposit requirement of $1,000.

- City of Boston Credit Union offering a 12 month CD yielding 1.05% APY with a minimum deposit requirement of $500.

Top 12 month CD rates from Nationally Available Banks:

- Popular Community Bank has a 1.15% APY 12 month CD with a minimum deposit requirement of $10,000.

- CiT Bank has a 1.15% APY 12 month CD with a minimum deposit requirement of $25,000.

- Doral Bank has a 1.15% APY 12 month CD with a minimum deposit requirement of $1,000.

- AloStar Bank of Commerce has a 1.12% APY 12 month CD with a minimum deposit requirement of $1,000.

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