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Insured by the FDIC up to $250,000 per depositor, certificates of deposit are considered to be low-risk investments. The NCUA backs your money up to the same amount if you bank at a credit union. CD rates in Springfield, MA, that are better-than-average can be somewhat difficult to locate. To find the best CD rates in your area of Massachusetts, use our research.
CDs offer a better yield than money market accounts, but make sure you don't withdraw your money before its maturity date. Institutions often have steep fines for taking your money out early. Look for CD rates in Springfield, MA, and in cities across the nation.
CD rates in Springfield, MA
Here are the 6-month CD rates in Springfield, MA, as of 2 p.m Friday.
| Institution | APY | Min Deposit |
| Ally | 0.94% | $0 |
| Florence Savings Bank | 0.40% | $500 |
| United Bank | 0.40% | $500 |
| Bank of America | 0.20% | $1,000 |
| PeoplesBank | 0.15% | $1,000 |
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