S-Bank’s Grand Opening 9 month CD special – Locals Only
S-Bank, based out of Massachusetts, is offering a phenomenal 9 month CD rate of 2.33% APY to their local customers. To put this offer in perspective the national average for 6 month CDs sits at 0.90% APY and the national average for 12 month CDs is around 1.30% APY.
Many thanks to BankVibe reader Mark for sending us this offer!
Although S-Bank is calling this a “grand opening special offer” it’s available at all of their local branches (not just the new one). This product is not being shown on their website, you must stop by one of their local branches in Weymouth, Quincy or Bridgewater to take advantage of it. You can view the ad online here.
As a side note S-Bank also has some very competitive rates associated with their money market accounts. Currently if you are to maintain a balance of above $75,000, you will earn 2.0% APY. The national average for money market rates sits at roughly 1.15% APY.
About S-Bank:
S Bank is governed by a Board of Directors. They are a fully owned subsidiary of South Shore Mutual Holding Company, which is governed by a Board of Corporators. S-Bank is member FDIC and your deposits will be federally insured up to $250,000.
You may want to compare this offer with other Massachusetts CD rates.
February 9th, 2010 at 8:52 am
It looks like the 9 month CD is only available for two days. February 12 and February 13.
February 25th, 2010 at 10:48 am
Please mail information and telephone numbers.