Looking for 9 Month CD Rates. Look no further.
Good 9-month CD Rates are actually hard to find. The 9-month CD term is considered an odd term CD and not many banks offer it. Often times, those that do, have a lower 9-month interest rate than the 6-month CD.
But here are some bank certificate of deposit specials that I found.
Ally Bank -- 1.55% APY (and they don't have any annoying small print or disclaimers or so they claim). 2-star Rating.
Discover Bank -- 1.50% APY (Yes, this is the bank for the Discover Credit Card). 3-stars.
Christian Community Credit Union has an awesome rate for a 9-month CD. 2.25% APY (Nice! They call it the Kingdom Builder Certificate, I like it.) 3-stars. But, please note. They are not federally insured by the NCUA. They carry private ASI insurance.
Umbrella Bank -- 1.85% APY. 1-star. They may need an Umbrella. Looks like a storm is coming their way.
So that is a pretty good round-up. I would probably skip making a deposit with Umbrella Bank. Even though your deposits are FDIC insured, if the bank is closed you do have to go through the hassle of finding a new CD. Before investing in Christian Community CDs, investigate ASI. Your money's protection is based on the company's health. They might also have restrictions on membership such as having to be a Christian.
For ease, Ally Bank and Discover are probably the best bets for your bank CDs, but keep in mind that on-line set-ups usually require you to answer a set of questions that only you should know. I've read some horror stories lately, where the information the banks were working from was incorrect.
9-month CD Rates may be good way to go. There is just no way to know when the Fed is going to raise interest rates.
Let me know if you find some good CD, savings, checking account deals.
Check-out CD Rates MA
Thursday, September 24, 2009
On-Line CD Rates MA (Massachusetts)
Sorry, I haven't posted in a bit. But time to get back to CD Rates MA, don't ya know.
CD rates all over the US have just been pummeled since I last posted. It can be extremely difficult to find a 2% at 1-year, especially CD Rates in MA. But let's search Massachusetts and see what we find.
First we find probably one of the oldest banks in the nation, State Street Bank & Trust Company, Boston. They were established in 1792. That is amazing. As of March they had a 4-star rating from Bankrate, but the June numbers are a little concerning. They have a $150 Billion in Assets, but show a loss of $2 Billion. March had a $455 Million profit. Boy, I hope they plug the leak. I went to their site, but couldn't find any CD rates. So not very helpful for our first MA Bank. FDIC# 14. Couldn't find an earlier one.
Our second bank is Boston Trust & Investment Management Company also in Boston. Boston Trust was established in 1960. Also no rates. Geez, what is up with Massachusetts.
Okay, finally some CD Rates for MA. Rockland Trust Company, Rockland. They aren't that good, but it is something. They have 6-months at 1.25% APY and a 2-year CD for 1.75% APY. I've seen worse. They were founded in 1907. They lasted through the Depression. They deserve credit for that. FDIC# is 9712. They even have a profit. Wohoo!!! They have a 3-star rating.
Salem Five Cents Savings Bank, Salem. Founded in 1855. I guess having all of these old banks in one of the original 13 colonies isn't that weird. Sadly, their CD rates aren't too impressive; 1-year 1.25% APY and 2-year 1.50%. Bankrate gives them 3-stars. Those rates require $10,000. Ouch.
United Bank, Westfield. Established in 1882. The best rate they have is a 5-year CD at 3.00%. Not bad for the times, just awful to think about locking your money up for so long at such a low rate. I wonder what their Early Withdrawal Penalty is. They do have a 4-star rating.
Westfield Bank (also in Westfield) actually has some good CD rates. Here is their link. Founded in 1853. They have a 4-star rating. For $500,000 you can earn 2.00% or 1.60% APY for $100,000 in a checking account. The CD Rates: 11 Month Special -- 1.75%, 16 Month Special -- 2.00% APY, 30 Month Special -- 2.20% APY and 48 Months -- 2.90%.
That about does it for MA CD Rates. Let me know if you find some good deals.
Check-out: FL CD Rates
Disclaimer: Rates can and do change at anytime. Ratings are not a guarantee of future bank health. Matter of fact, they are based on data that is about 6-months old. Lots can (and does) change in 6-months.
CD rates all over the US have just been pummeled since I last posted. It can be extremely difficult to find a 2% at 1-year, especially CD Rates in MA. But let's search Massachusetts and see what we find.
First we find probably one of the oldest banks in the nation, State Street Bank & Trust Company, Boston. They were established in 1792. That is amazing. As of March they had a 4-star rating from Bankrate, but the June numbers are a little concerning. They have a $150 Billion in Assets, but show a loss of $2 Billion. March had a $455 Million profit. Boy, I hope they plug the leak. I went to their site, but couldn't find any CD rates. So not very helpful for our first MA Bank. FDIC# 14. Couldn't find an earlier one.
Our second bank is Boston Trust & Investment Management Company also in Boston. Boston Trust was established in 1960. Also no rates. Geez, what is up with Massachusetts.
Okay, finally some CD Rates for MA. Rockland Trust Company, Rockland. They aren't that good, but it is something. They have 6-months at 1.25% APY and a 2-year CD for 1.75% APY. I've seen worse. They were founded in 1907. They lasted through the Depression. They deserve credit for that. FDIC# is 9712. They even have a profit. Wohoo!!! They have a 3-star rating.
Salem Five Cents Savings Bank, Salem. Founded in 1855. I guess having all of these old banks in one of the original 13 colonies isn't that weird. Sadly, their CD rates aren't too impressive; 1-year 1.25% APY and 2-year 1.50%. Bankrate gives them 3-stars. Those rates require $10,000. Ouch.
United Bank, Westfield. Established in 1882. The best rate they have is a 5-year CD at 3.00%. Not bad for the times, just awful to think about locking your money up for so long at such a low rate. I wonder what their Early Withdrawal Penalty is. They do have a 4-star rating.
Westfield Bank (also in Westfield) actually has some good CD rates. Here is their link. Founded in 1853. They have a 4-star rating. For $500,000 you can earn 2.00% or 1.60% APY for $100,000 in a checking account. The CD Rates: 11 Month Special -- 1.75%, 16 Month Special -- 2.00% APY, 30 Month Special -- 2.20% APY and 48 Months -- 2.90%.
That about does it for MA CD Rates. Let me know if you find some good deals.
Check-out: FL CD Rates
Disclaimer: Rates can and do change at anytime. Ratings are not a guarantee of future bank health. Matter of fact, they are based on data that is about 6-months old. Lots can (and does) change in 6-months.
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