CD Rates in Massachusetts for June 2026
Updated June 9, 2026
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Massachusetts is among the most expensive places to live in the U.S. If you’re a resident, you’ll want to grow your nest egg with a balanced investment strategy.
One way to add stability to your portfolio is certificates of deposit (CDs), which earn a guaranteed rate. When shopping for CDs, Massachusetts residents can choose from numerous banks that offer high yields. Find the best CD rates in Massachusetts with term lengths and minimum deposits that suit your financial needs.
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See savings and CD rates from different banks and credit unions in one place, so you can quickly compare your options.
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How to compare the best CD rates in Massachusetts
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Term
This is the length of time your money is locked into the account. Unless you're opening a no-penalty CD, you'll pay a penalty for withdrawing your money before the term ends. Common term lengths range from three months to 10 years, and it’s important to choose one based on when you’ll need access to the funds.
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Yield
It pays to shop around for the best annual percentage yield. Big banks such as Chase Bank typically offer lower APYs, whereas online banks like Marcus by Goldman Sachs often pay more competitive ones.
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Minimum deposit
Some banks, such as Ally Bank and Synchrony Bank, don’t require any set minimum deposit, while others may require $1,000, $5,000 or even more. It’s important only to commit funds to a CD that you can afford to part with until the CD matures.
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Early withdrawal penalties
Only commit funds to a CD that you can afford to part with until the CD matures. Accessing the money sooner will likely result in an early withdrawal penalty that can eat into your interest — and possibly even your principal.
Don’t forget about credit unions
Credit unions are not-for-profit institutions, and many share profits with their members in the form of higher APYs. You can search for local credit unions in Massachusetts via a search engine, or visit the National Credit Union Administration (NCUA's) finder tool to find one.
Some credit unions in Massachusetts with large member bases include:
- Digital Federal Credit Union (DCU): With more than a million members, DCU operates nearly two dozen branches in Massachusetts and New Hampshire. Accounts can also be opened online — including nine terms of regular CDs, which earn above-average APYs.
- Metro Credit Union: Metro Credit Union operates 18 branches in Massachusetts, and accounts can also be opened online. Its CDs are offered in term lengths between three months and five years, and all earn solid rates.
How to decide whether you want a long- or short-term CD
The best CD term length for you depends on when you’ll need access to the funds, as well as where rates are likely to head in coming months or years. When rates are high or the federal funds rate is likely to decrease soon, longer terms make more sense.
Next steps to take out a CD in Massachusetts
Compare top rates
Compare the highest nationally available CD rates.
Start saving
A versatile 1-year term can lock in a high rate while freeing up your funds relatively soon.
Calculate your yield
Determine up front how much your CD will be worth when it matures.
Start investing in CDs
Benefit from a guaranteed rate.
Research methodology
Since 1976, Bankrate has been a leading publisher of rates and personal finance articles. We help our readers make smarter financial decisions, adhering to strict principles of editorial integrity and transparency.
Part of Bankrate’s editorial team is made up of a group of banking experts. These experts have collectively researched over 100 banks and review current details at least monthly to make sure readers stay up to date on the latest rates and bank products. If you see a star rating next to a product, that has been established by one of our banking experts, and is not influenced by partner status.
Note: Bankrate doesn’t include callable CDs or brokered CDs on this page and compares regular CDs and no-penalty CDs separately.