{"id":3471,"date":"2024-12-23T09:39:57","date_gmt":"2024-12-23T17:39:57","guid":{"rendered":"https:\/\/www.cdvalet.com\/blog\/?p=3471"},"modified":"2026-08-25T11:03:01","modified_gmt":"2026-08-25T18:03:01","slug":"best-cd-rates-in-massachusetts","status":"publish","type":"post","link":"https:\/\/www.cdvalet.com\/insights\/best-cd-rates-in-massachusetts\/","title":{"rendered":"Best CD Rates in Massachusetts"},"content":{"rendered":"\t\t\t\t
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\n\t\t\t\t\t\t\tTable Of Contents\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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  1. Top CD Rates in Massachusetts<\/a>
  2. Banks and Credit Unions Offering CDs in Massachusetts<\/a>
  3. How to Choose The Right CD Term<\/a>
  4. Best CD Rates By State Map, Updated Daily<\/a>
  5. What is a CD?<\/a>
  6. What is CD Valet?<\/a>
  7. FAQs about CDs in Massachusetts<\/a>
  8. Best CD Rates By State<\/a><\/ol>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\n\n\n

    The highest CD rate available in Massachusetts right now is 4.75% Annual Percentage Yield (APY) on a 84-month term ($1,000 minimum deposit) from Gerber Federal Credit Union (Insured by NCUA). CD Valet compares live rates from FDIC insured banks and NCUA insured credit unions serving Massachusetts, verified as often as daily.<\/p>\n\n\n\n

    Top CD Rates in Massachusetts<\/h2>\n\n\n\n
    Financial Institution<\/strong><\/td>Term<\/strong><\/td>APY*<\/strong><\/td>Minimum Deposit<\/strong><\/td>Insurance<\/strong><\/td><\/tr>
    Direct Federal Credit Union<\/a><\/span><\/td>3-Month<\/td>4.30%<\/td>$100,000<\/td>NCUA Insured<\/td><\/tr>
    Rockland Federal Credit Union<\/a><\/span><\/td>11-Month<\/td>4.25%<\/td>$500<\/td>NCUA Insured<\/td><\/tr>
    National Grand Bank of Marblehead<\/a><\/span><\/td>25-Month<\/td>4.25%<\/td>$500<\/td>NCUA Insured<\/td><\/tr>
    Usalliance Federal Credit Union<\/a><\/span><\/td>24-Month<\/td>4.25%<\/td>$500<\/td>NCUA Insured<\/td><\/tr>
    Institution for Savings in Newburyport<\/a><\/span><\/td>30-Month<\/td>4.20%<\/td>$500<\/td>FDIC Insured<\/td><\/tr>
    Eastern Bank<\/a><\/span><\/td>14-Month<\/td>4.11%<\/td>$2,500<\/td>FDIC Insured<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    The table below lists the highest APYs currently offered by banks and credit unions that are available in Massachusetts, sorted highest to lowest. Credit union products appear as share certificates, which work the same way as CDs and carry federal insurance.<\/p>\n\n\n\n

    Note: *Annual Percentage Yields (APYs) not offered by CD Valet but based on data from various institutions as of 8\/12\/26 and subject to change. Early withdrawal penalty may apply. Fees may reduce earnings. Additional restrictions may apply. Rates are subject to change. Please verify with the institution before opening an account.<\/p>\n\n\n\n

    Banks and Credit Unions Offering CDs in Massachusetts<\/h2>\n\n\n\n

    Around 170 FDIC-insured banks and NCUA-insured credit unions are based in Massachusetts and offer CD accounts, according to CD Valet\u2019s database. CD Valet tracks published CD and share certificate rates from thousands of federally insured financial institutions nationwide.<\/p>\n\n\n\n

    Credit unions do not issue CDs. They issue share certificates, which function identically: a fixed deposit held for a fixed term at a fixed rate. Share certificates are insured by the NCUA up to $250,000 per member, per institution, per ownership category, which is the same coverage the FDIC provides on bank CDs. Most credit unions require membership, usually based on where you live, where you work, or a small one-time contribution to an affiliated organization.<\/p>\n\n\n\n

    Rates from online financial institutions can often be higher. If you do not need in-person service, compare nationally available CDs alongside the Massachusetts options above.<\/p>\n\n\n\n

    How to Choose The Right CD Term<\/h2>\n\n\n\n

    The right CD term depends on when you will need the money, not just which term pays the most. <\/p>\n\n\n\n

    Beyond the term itself, four factors can help you determine which CD is right for you. APY determines what you earn, and a difference of half a percentage point on a large balance is meaningful over five years. Minimum deposit rules out some offers entirely. Early withdrawal penalties are typically quoted as a number of days of interest, commonly 90 days on terms under a year and 180 days on longer terms, so a penalty can erase more than you have earned if you withdraw early in the term. Compounding frequency has a smaller effect but is already reflected in the APY, which is why comparing APY rather than interest rate is the correct comparison.<\/p>\n\n\n\n

    If you are not sure which term to pick, a CD ladder spreads your deposit across several terms so that part of it matures every year.<\/p>\n\n\n\n

    Best CD Rates By State Map, Updated Daily<\/h2>\n\n\n\n

    Use CD Valet\u2019s Best CD Rates By State Map to compare statewide APYs at a glance. Rates shown are real-time offers, updated and verified as often as daily.<\/p>\n\n\n\n