Clinton savings bank offers good cd rates

A 3% APY is being offered by the Clinton Savings Bank in order to be more competitive in the 5 year CD and the IRA CD segment. However, the same attractive rates are not on offer in the shorter term, although the 3 year CD notches up an interest of 2% with 2.15% APY and 2.5% APY is offered on the 4 year CD. The minimum amount of deposit required for each of these CDs as listed in the bank rates page is 500 dollars. The penalty that would be levied on the clients for early withdrawal is half year interest on the principal withdrawn for all CD maturities which are older than a year. However a period of 10 calendar days is offered once it is past the maturity date.

For balances of up to 25000 dollars, the bank offers a checking account which pays a good interest of 2.51% APY. The same rate, however, was 6.01% APY couple of years back. Andera offers an online application to permit ACH funding although, the permission to apply is given only to Massachusetts residents. There are branches in Massachusetts cities of Bolton, Bolyston, Sterling, Berlin and West Bolyston. The bank has an overall health score of 3 out of 5.