Best 6-Month CD Rates in Massachusetts, MA

You are viewing rates from banks across Massachusetts

Below are the best six-month CD Rates from banks with branches in Massachusetts. Six-month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

MA - November 4, 2024

6 Month CD National Average : 0.41% ^?

Banks	APY	MIN	MILES ^?
Colonial Federal Savings Bank	5.32%	$1,000	-	Learn More Add Review
Rate History: 0.25% → 5.32%
TrustCo Bank	5.13%	$500	-	Learn More
Mark Fitzpatrick \| Apr 4, 2016 I been with trustco for years and it is well run. They really are a home town bank. As a small business person i appreciate the business card stand they have in the branches for there customers. I was w... Read More Reviews (1)
Northern Bank & Trust Company	5.00%	$500	-	Learn More Add Review
Wrentham Co-operative Bank	5.00%	$1,000	-	Learn More Add Review
Rate History: 0.25% → 5.25% → 5.00%
Leader Bank, National Association	5.00%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 5.30% → 5.25% → 5.00%
Pentucket Bank	4.85%	$500	-	Learn More Add Review
Rate History: 4.75% → 4.85%
Beal Bank USA	4.75%	$1,000	-	Learn More
Rate History: 4.45% → 5.15% → 5.25% → 5.15% → 4.75%
george \| 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 Reviews (3)
Reading Co-operative Bank	4.75%	$500	-	Learn More Add Review
Rate History: 3.75% → 4.75%
OneLocal Bank	4.75%	$2,500	-	Learn More Add Review
Rate History: 0.50% → 4.75%
Bask Bank, a division of Texas Capital Bank	4.70%	$1,000	-	Learn More Add Review
Early Withdrawal Penalty is 90 days interest. Rate History: 5.30% → 5.10% → 5.00% → 4.80% → 4.70%
smithy1968 \| Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More
My e-Banc, a division of Bradesco BAC Florida Bank	4.50%	$5,000	-	Learn More Add Review
Rate History: 5.30% → 5.40% → 5.20% → 5.05% → 4.50%
Matty H \| Sep 22, 2023 Terrible bank. Terrible service. Not equipped to service customers outside Florida. Plays games with your taxes by issuing 1090s whenever. Really shouldn't be on this list or your radar. Avoid. Read More
TD Bank, National Association	4.50% 1.00%	$10,001 $10,000	-	Learn More
Rate History: 5.00% → 4.50%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
The National Grand Bank of Marblehead	4.50%	$1,000	-	Learn More Add Review
Rate History: 3.75% → 4.50%
Santander Bank, N.A.	4.50% 4.00%	$500 $501	-	Learn More
Rate History: 4.75% → 5.15% → 5.00% → 4.75% → 4.50%
Maggie \| May 11, 2023 They made mistakes twice and would not correct them Read More Reviews (6)
Banesco USA	4.50%	$1,000	-	Learn More
Early Withdrawal Penalty is 90 days interest. Rate History: 5.10% → 5.25% → 5.20% → 5.00% → 4.50%
Dkplan \| 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 Reviews (8)
Seamen's Bank	4.50%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 5.00% → 4.50%
Winchester Co-operative Bank	4.50%	$500	-	Learn More Add Review
Rate History: 5.00% → 4.65% → 4.20% → 4.50%
Needham Bank	4.50%	$1,000	-	Learn More
Shawn \| 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 Reviews (2)
Haverhill Bank	4.50%	$500	-	Learn More Add Review
Rate History: 5.25% → 5.00% → 4.75% → 4.50%
North Shore Bank, a Co-operative Bank	4.50%	$1,000	-	Learn More Add Review
Rate History: 4.50% → 4.75% → 4.50%
Methuen Co-operative Bank	4.50%	$1,000	-	Learn More Add Review
Rate History: 4.00% → 3.00% → 5.00% → 4.75% → 4.50%
Bank of Easton	4.50%	$2,500	-	Learn More Add Review
Rate History: 0.75% → 4.75% → 4.50%
Fall River Five Cents Savings Bank	4.50%	$500	-	Learn More Add Review
Rate History: 2.50% → 5.00% → 4.75% → 4.50%
Bluestone Bank	4.50%	$2,000	-	Learn More Add Review
Rate History: 0.10% → 4.65% → 4.50%
BankGloucester	4.50%	$2,500	-	Learn More Add Review
Rate History: 5.15% → 5.00% → 4.85% → 4.65% → 4.50%
Savers Co-operative Bank	4.40%	$2,500	-	Learn More Add Review
Rate History: 0.66% → 4.25% → 4.40%
Bristol County Savings Bank	4.30%	$5,000	-	Learn More Add Review
Rate History: 4.81% → 4.55% → 4.45% → 4.30%
Hingham Institution for Savings	4.30%	$1,000	-	Learn More Add Review
Rate History: 4.85% → 4.80% → 4.50% → 4.39% → 4.30%
Westfield Bank	4.25% 0.10%	$1,001 $1,000	-	Learn More Add Review
Rate History: 4.75% → 4.59% → 4.49% → 4.30% → 4.25%
Salem Five Cents Savings Bank	4.25%	$2,500	-	Learn More
Rate History: 0.05% → 5.00% → 4.50% → 4.25%
DMuessig \| 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 Reviews (2)
Middlesex Savings Bank	4.25%	$10	-	Learn More
Rate History: 5.00% → 4.75% → 4.25%
Stephen Clinton \| 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 Reviews (1)
The Village Bank	4.25%	$20	-	Learn More
Rate History: 0.75% → 5.00% → 4.50% → 4.25%
Andrea \| Apr 18, 2017 Village Bank currently has a 15 mo. CD special at 1.50% Read More Reviews (1)
Marblehead Bank	4.25%	$500	-	Learn More Add Review
Rate History: 0.10% → 4.75% → 4.25%
Mechanics Cooperative Bank	4.25%	$500	-	Learn More Add Review
Rate History: 4.00% → 4.25%
Capital One, National Association	4.20%	$0	-	Learn More
Rate History: 4.30% → 4.35% → 4.25% → 4.20%
highstream \| 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 Reviews (14)
HarborOne Bank	4.15%	$1,000	-	Learn More
Rate History: 0.50% → 4.50% → 3.25% → 4.15%
Jacob \| Jan 30, 2020 Find branch personnel are genuinely interested in my business. Read More Reviews (2)
Martha's Vineyard Bank	4.08%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 2.17% → 4.08%
Eagle Bank	4.00%	$500	-	Learn More Add Review
Rate History: 4.45% → 4.25% → 4.10% → 3.71% → 4.00%
Bank of America, National Association	4.00%	$10,000	-	Learn More
Treasure \| 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 Reviews (7)
Rockland Trust Company	3.75%	$1,000	-	Learn More
Rate History: 4.00% → 3.75% → 4.00% → 3.75%
Sanshir \| Sep 14, 2023 Used them my whole life! Great little bank! Read More Reviews (3)
City National Bank	3.61%	$10,000	-	Learn More Add Review
Rate History: 4.07% → 3.61%
Citibank, National Association	3.50%	$500	-	Learn More
Rate History: 0.05% → 4.75% → 4.65% → 3.75% → 3.50%
Azoic \| 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 Reviews (11)
USAA Federal Savings Bank	3.45%	$1,000	-	Learn More
Rate History: 5.25% → 4.65% → 4.55% → 3.45%
RYAN S \| 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 Reviews (2)
Bank of Whittier, National Association	3.33%	$1,000	-	Learn More Add Review
Newburyport Five Cents Savings Bank	3.28%	$2,500	-	Learn More
Richard Cushing \| Mar 27, 2019 Still waiting for a call back from Liz over a long standing,annoying account problem Read More Reviews (1)
Avidia Bank	3.00%	$1,000	-	Learn More
Rate History: 0.75% → 4.34% → 4.50% → 0.75% → 3.00%
sur \| 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 Reviews (1)
South Shore Bank	2.50%	$1,000	-	Learn More Add Review
Charles River Bank	2.50%	$1,000	-	Learn More Add Review
Wells Fargo Bank, National Association	2.01% 2.00%	$100,000 $25,000	-	Learn More
Rate History: 2.50% → 2.51% → 2.01%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Lee Bank	2.00%	$500	-	Learn More Add Review
JPMorgan Chase Bank, National Association	1.50%	$10,000	-	Learn More
Rate History: 3.00% → 2.00% → 1.50%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
Florence Bank	1.49%	$500	-	Learn More Add Review
Walpole Co-operative Bank	1.05%	$0	-	Learn More Add Review
Dedham Institution for Savings	1.00%	$1,000	-	Learn More Add Review
Bay State Savings Bank	0.75%	$1,000	-	Learn More Add Review
Fidelity Co-operative Bank	0.75%	$500	-	Learn More
burtlaman@verizon.net \| Jun 13, 2016 I'm interested in your special sav send info Read More Reviews (1)
Rollstone Bank & Trust	0.50%	$500	-	Learn More Add Review
Cornerstone Bank	0.50%	$10,000	-	Learn More Add Review
UniBank for Savings	0.50%	$2,500	-	Learn More Add Review
Dean Co-operative Bank	0.50%	$500	-	Learn More Add Review
Winter Hill Bank, FSB	0.50%	$10,000	-	Learn More Add Review
Winchester Savings Bank	0.50%	$10,000	-	Learn More Add Review
North Easton Savings Bank	0.50%	$500	-	Learn More
CS \| 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 Reviews (2)
Coastal Heritage Bank	0.45%	$10,000	-	Learn More Add Review
MutualOne Bank	0.40%	$500	-	Learn More
Thomas DeMauro \| Aug 28, 2022 Rates are totally uncompetitive now. Read More Reviews (11)
Greenfield Savings Bank	0.35%	$10	-	Learn More Add Review
Main Street Bank	0.35%	$10,000	-	Learn More Add Review
Enterprise Bank and Trust Company	0.35%	$10,000	-	Learn More Add Review
Canton Co-operative Bank	0.35%	$10,000	-	Learn More Add Review
StonehamBank, A Co-operative Bank	0.35%	$1,000	-	Learn More Add Review
Cape Ann Savings Bank	0.35%	$500	-	Learn More Add Review
Rate History: 1.00% → 0.35%
Salem Co-operative Bank	0.35%	$10,000	-	Learn More Add Review
Adams Community Bank	0.30%	$10	-	Learn More Add Review
The Provident Bank	0.30%	$500	-	Learn More Add Review
Milford Federal Bank	0.30%	$10,000	-	Learn More
cfcbjm \| 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 Reviews (1)
Middlesex Federal Savings, F.A.	0.30%	$500	-	Learn More Add Review
Cathay Bank	0.25%	$50,000	-	Learn More Add Review
Millbury National Bank	0.25%	$500	-	Learn More Add Review
Rate History: 1.51% → 0.25%
MountainOne Bank	0.25%	$10,000	-	Learn More Add Review
NBT Bank, National Association	0.25%	$10,000	-	Learn More Add Review
Cambridge Savings Bank	0.25%	$10,000	-	Learn More
rand \| Apr 18, 2016 No 2% 12 month CD unless IRA. Misleading at best. Read More Reviews (2)
Athol Savings Bank	0.25%	$500	-	Learn More Add Review
Institution for Savings in Newburyport and Its Vicinity	0.25%	$500	-	Learn More
Karen nicoli \| Jan 23, 2017 2.50 Read More Reviews (1)
The Bank of Canton	0.25%	$2,500	-	Learn More Add Review
Rate History: 0.20% → 0.25%
The Pittsfield Co-operative Bank	0.20%	$10,000	-	Learn More Add Review
Greenfield Co-operative Bank	0.20%	$10,000	-	Learn More Add Review
East Cambridge Savings Bank	0.20%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 0.20%
Everett Co-operative Bank	0.20%	$500	-	Learn More Add Review
Wakefield Co-operative Bank	0.20%	$500	-	Learn More Add Review
Stoughton Co-operative Bank	0.20%	$500	-	Learn More Add Review
Commonwealth Co-operative Bank	0.20%	$1,000	-	Learn More Add Review
Rate History: 1.00% → 0.20%
BayCoast Bank	0.20%	$10	-	Learn More Add Review
Clinton Savings Bank	0.15%	$10	-	Learn More Add Review
Bank Hometown	0.10%	$1,000	-	Learn More Add Review
Brookline Bank	0.10%	$10,000	-	Learn More
Bill Quinn \| 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 Reviews (1)
Berkshire Bank	0.10%	$10,000	-	Learn More
Run \| 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 Reviews (2)
Webster Bank, National Association	0.10%	$10,000	-	Learn More Add Review
Monson Savings Bank	0.10%	$1,000	-	Learn More Add Review
Country Bank for Savings	0.10%	$500	-	Learn More Add Review
Rate History: 0.10% → 0.40% → 0.10%
Easthampton Savings Bank	0.10%	$1,000	-	Learn More Add Review
Watertown Savings Bank	0.10%	$10,000	-	Learn More
Denyse DuBrucq \| 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 Reviews (1)
Washington Savings Bank	0.10%	$500	-	Learn More Add Review
Rate History: 0.20% → 0.10%
The Savings Bank	0.10%	$1,000	-	Learn More Add Review
Bank of New England	0.10%	$10,000	-	Learn More Add Review
Community Bank, National Association	0.08%	$100,000	-	Learn More Add Review
The Cape Cod Five Cents Savings Bank	0.08%	$1,000	-	Learn More
Rate History: 1.00% → 0.08%
John Darretta \| 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 Reviews (2)
PeoplesBank	0.05%	$1,000	-	Learn More Add Review
KeyBank National Association	0.05%	$2,500	-	Learn More
Seeko \| 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 Reviews (2)
Eastern Bank	0.05%	$10,000	-	Learn More
marcus \| 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 Reviews (1)
Webster Five Cents Savings Bank	0.05%	$10	-	Learn More Add Review
Rate History: 0.50% → 4.07% → 0.05%
OceanFirst Bank, National Association	0.05%	$500	-	Learn More Add Review
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| 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 Reviews (2)
Community Bank, National Association	0.03%	$10,000	-	Learn More Add Review
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| 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 Reviews (1)

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

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PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2024

Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

The advantages of six month CDs opened via a traditional bank are:

Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
CDs provide a predictable, set rate of return.
Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of six month CDs are:

Six month CDs currently pay interest rates significantly below many online and branch-based savings and money market accounts.
The deposited money is committed for six months.
Six month CDs from traditional banks often pay less interest than from online banks.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

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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Massachusetts CD Rates – 6-Month

PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2024

The advantages of six month CDs opened via a traditional bank are:

The disadvantages of six month CDs are:

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