Massachusetts

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Massachusetts CD Rates – 2-Year

You are viewing rates from banks across Massachusetts

 

Below are two-year Certificates of Deposit (CD) rates from banks in Massachusetts. Two-year CDs generally offer a higher rate than 1-year CDs but require a longer commitment. Depending on the economy, longer term CDs may or may not offer more premium as the term increases. If you expect rates on bank products to drop, can afford to lock the money away, and feel you are receiving enough premium for the time commitment, then longer-term CDs may be appropriate.

MA - November 21, 2024

2 Year CD National Average : 0.66% ?

Banks APY MIN MILES ?

Rate History: 0.25% → 4.50% → 4.25%

| Jan 8, 2018

Another bad bank! Did a hard pull just to open a checking account with no overdraft and denied me. Never even bothered to send a letter or e-mail. Now I have another inquiry on my credit report for nothin... Read More

Rate History: 2.25% → 5.00% → 4.75% → 4.50% → 4.25%

Rate History: 4.30% → 4.20% → 4.15%

| Feb 9, 2021

The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More

Rate History: 4.35% → 4.15%

| Mar 25, 2020

I was told on the phone by a bank rep that my present money market acct interest rate would continue at 2.25% until June 30, 2020 and would be FDIC covered up to $250,000. Please verify if this is true???... Read More

Early Withdrawal Penalty is 180 days interest.
Rate History: 4.75% → 4.75% → 4.40% → 4.30% → 4.05%

| Nov 21, 2023

A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More

Rate History: 2.00% → 4.00%

| Jan 9, 2021

Used to be a good bank!! Taking money out of my account for something I did not purchase. This is the second time they did this. They do it on Fridays knowing that no one from the Fraud Department isn't th... Read More

Rate History: 0.60% → 0.55% → 4.00%

Rate History: 4.25% → 4.50% → 4.25% → 4.00%

Rate History: 4.05% → 3.90%

3.87%

$1,000

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Early Withdrawal Penalty is 180 days interest.
Rate History: 0.55% → 0.50% → 3.80% → 3.75%

| Dec 27, 2022

They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More

Rate History: 4.50% → 4.40% → 4.25% → 4.00% → 3.75%

| Mar 20, 2016

Good solid bank. Read More

Rate History: 4.30% → 4.20% → 4.00% → 3.70% → 3.60%

| Jan 2, 2024

Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More

Rate History: 2.00% → 3.50% → 4.00% → 3.75% → 3.60%

| Jan 30, 2020

Find branch personnel are genuinely interested in my business. Read More

Rate History: 4.10% → 4.00% → 3.58%

| Feb 14, 2022

I had a personal checking account and a business account. All went well until I sent a polite letter pointing out that it is improper, and not good practice, to make online passwords expire. Why should ... Read More

Rate History: 1.01% → 3.75% → 3.50%

| Mar 27, 2019

Still waiting for a call back from Liz over a long standing,annoying account problem Read More

Rate History: 3.92% → 4.18% → 3.82% → 4.08% → 3.35%

| Aug 16, 2019

Deceptive Sales Practices: Huge Penalties What an awakening! Without any clear statement, and nothing at all on its website, Avidia charged us 50% of the CD’s FULL TERM interest, including both paid... Read More

Rate History: 1.25% → 3.50% → 3.25%

Rate History: 1.00% → 4.00% → 3.75% → 3.60% → 3.25%

Rate History: 3.00% → 3.75% → 4.25% → 3.50% → 3.25%

| Apr 18, 2017

Village Bank currently has a 15 mo. CD special at 1.50% Read More

Rate History: 3.50% → 3.25%

Rate History: 1.00% → 0.75% → 4.07% → 3.30% → 3.04%

Rate History: 3.75% → 3.00%

Rate History: 1.00% → 3.00%

Rate History: 3.75% → 3.50% → 3.75% → 3.50% → 3.00%

Rate History: 1.00% → 2.75%

Rate History: 5.00% → 4.40% → 4.00% → 3.85% → 2.60%

| Nov 28, 2022

While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More

Rate History: 3.00% → 2.75% → 2.50%

| Sep 14, 2023

Used them my whole life! Great little bank! Read More

Rate History: 2.25% → 0.75% → 2.50% → 2.25%

| Jan 23, 2017

2.50 Read More

Rate History: 2.53% → 2.02%

| May 11, 2023

They made mistakes twice and would not correct them Read More

Rate History: 1.75% → 2.00%

Rate History: 1.00% → 2.00%

| Feb 25, 2022

I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More

Rate History: 3.00% → 2.50% → 2.00%

| Jan 2, 2023

Terrible customer service by investment side. Fees too high , too full of themselves Read More

Rate History: 1.75% → 1.31% → 1.75%

| Aug 28, 2022

Rates are totally uncompetitive now. Read More

Rate History: 1.25% → 1.31%

Rate History: 4.00% → 1.00% → 4.00% → 1.00%

| May 19, 2018

Experience Read More

0.90%

$10,000

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| Jun 13, 2016

I'm interested in your special sav send info Read More

| Apr 18, 2016

No 2% 12 month CD unless IRA. Misleading at best. Read More

| Nov 5, 2020

Appalling customer service! Don't answer the phone, a simple credit line takes days & a mountain of paperwork - absolutely not worth the trouble! Read More

0.75%

$10,000

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Rate History: 1.00% → 0.75%

0.70%

$10,000

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0.70%

$10,000

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0.65%

$500

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0.65%

$10

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0.65%

$10,000

-

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0.65%

$10,000

-

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Rate History: 1.00% → 0.65%

| Apr 21, 2020

Expect to not have e-mails responded to properly or phone calls returned. this is the type of institution that you will be dealing with if you go here Read More

0.60%

$10,000

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0.60%

$10,000

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0.60%

$10,000

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0.60%

$1,000

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Rate History: 0.50% → 0.55%

0.55%

$10,000

-

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| Feb 21, 2015

Interesting. Is there an approximate Texas ratio for a bank at which other banks may become very interested in an acquisition. Read More

| Jan 12, 2021

They put paychecks on hold for a day so don’t expect your paycheck right away and they don’t answer their phones Read More

Rate History: 1.00% → 0.50%

0.50%

$10,000

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Rate History: 2.75% → 0.50%

Rate History: 0.40% → 0.50%

| Sep 3, 2020

Went in to open accounts in Middleboro foy my husband and myself as well as one for my grandson. Without being invited into an office I was asked from across the room if I was opening accounts for the chi... Read More

Rate History: 0.35% → 0.45%

0.45%

$10,000

-

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0.45%

$10,000

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Rate History: 1.00% → 0.45%

Rate History: 0.35% → 0.20% → 0.30%

Rate History: 0.30% → 0.35% → 0.30%

0.20%

$10,000

-

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| Nov 1, 2021

worst bank ever and they racist ruth bitchell and the rest of them ban frontline workers that complain about their mistakes this only happens to blacks Read More

0.15%

$100,000

-

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Rate History: 0.20% → 4.50% → 4.75% → 0.20% → 0.15%

0.10%

$10,000

-

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| Jan 1, 2016

I very much prefer banking here. Everyone is so friendly and know who is calling by voice. Your help getting me through this year where I did as much as possible to launch my business, CryoRain Inc., is ... Read More

Rate History: 1.00% → 0.13% → 0.10%

| Nov 13, 2019

My favorite bank in South Dennis MA. There are always sufficient enough staff so that there is never a long waiting line. And the staff is always pleasant and efficient. Read More

Rate History: 0.01% → 0.05%

| Mar 28, 2023

On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More

Rate History: 4.14% → 0.05%

| Jun 12, 2023

US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More

| May 18, 2019

Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More

| Jul 24, 2023

BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Two Year CDs - Branch Banks 2024

Two year CDs, also know as 24 month CDs are an intermediate term product that commits a depositor to keeping their money in the bank for 24 months in return for a fixed rate of return during that period. All two year CDs shown on BestCashCow are FDIC insured.

While two year CDs commit a person to locking their money in for double the time of a 12 month CD, the rate is not double. As a result, a depositor should think about whether the extra rate is worth the extra time commitment.

In general, if rates are rising, it makes sense not to lock up money for an extended period of time.

If rates are falling, then it makes sense to put money into a longer-term instrument to lock-in a higher rate.

Many find opening CDs at local bank is often easier than online. In a branch, a depositor can sign CD documents and initiate a CD in person, and can often get it done faster than mailing a check or initiating a wire transfer in order to get their money to an online bank. Many also appreciate the opportunity to interact face to face with a real human being as opposed to by phone or instant messaging.

The advantages of a two year branch CD are:

  • A higher rate than 12 month CDs in return for leaving the money in the bank longer.
  • A fixed rate during the 24 month period.
  • A generally higher rate for the same term than what can be found in a branch-based bank.
  • FDIC insurance.
  • Convenience of opening and managing the CD online.

The disadvantages of a two year branch CDs are:

  • Rates are generally lower than on the top online savings and CD accounts.
  • Money is tied up for two years. Removing it early results in significant penalties.
  • Opening online can often take several days. Problems must be handled online or via the phone as there is no branch.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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