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Certificates of deposit are insured by the FDIC up to $250,000 per depositor, making them a very low-risk investment. If you bank at a credit union, the NCUA insures your account up to the same amount. Better-than-average CD rates in Cambridge, MA, can be tough to locate. If you're looking for CD rates in your area of Massachusetts, our research can help.
Create a budget before you invest in a CD. Many institutions have penalties for early withdrawal that can eat away at your interest and sometimes the principal. Look for CD rates in Cambridge, MA, and in cities across the nation.
CD rates in Cambridge, Massachusetts
Here are the 6-month CD rates in Cambridge, MA, as of 5:30 p.m on Thursday.
| Institution | APY | Min Deposit |
| Ally | 0.94% | $0 |
| Cambridge Trust Company | 0.35% | $1,000 |
| Bank of America | 0.2% | $1,000 |
| Cambridge Savings Bank | 0.05% | $1,000 |
| Citizens Bank of MA | 0.05% | $1,000 |
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