If you are a resident of Massachusetts or Rhode Island and currently looking for great savings rates, then make sure you keep reading. Mechanics Cooperative Bank has wide array of products to meet your individual needs. They are proud to be a financial institution that is big enough to serve all your financial needs, yet small enough to care about how those needs are met. They currently offer standard CD rates from 3-months to 60-months with 0.25% to 3.00% APY Rates. They also have a special 27-Month CD term with 2.75% APY on $2,500 balances or more. By joining Mechanics Cooperative Bank, you get to enjoy earning higher rate of interest than regular savings account.Make sure you visit your nearest local branch to sign up today!
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Table of Contents
Mechanics Cooperative Bank CDs:
CDs are a certificate issued by a bank to a person depositing money for a specified length of time, and usually the longer of a term is, the higher APY rate you make! Mechanics Cooperative Bank’s Best CD Offer pays the highest APY rate with a 3.00% APY rate for their 60-month term. They currently offer standard CD rates from 3-months to 60-months. If you’re interested in making a higher rate than a traditional savings account then make sure to check out Mechanics Cooperative Bank’s CDs and their rates listed below.
CD Special:
| Term | APY Rate | Minimum Deposit | Specific Term |
| 27-Month CD | 2.75% | $2,500 | Best 24-Month CD Rates |
| 14-Month CD | 2.00% | $500 | Best 12-Month CD Rates |
Standard CD Rates:
| Term | APY Rate | Minimum Deposit |
| 3-Month | 0.25% | $500 |
| 6-Month | 0.30% | $500 |
| 9-Month | 0.45% | $500 |
| 12-Month | 0.60% | $500 |
| 18-Month | 0.70% | $500 |
| 24-Month | 1.00% | $500 |
| 30-Month | 1.10% | $500 |
| 36-Month | 1.30% | $500 |
| 48-Month | 1.50% | $500 |
| 60-Month | 3.00% | $500 |
*The above rates are accurate as of 06/11/2018
CD Features:
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
Bottom Line:
Looking for a short term or long term CD? Then look no further as Mechanics Cooperative Bank offers you various CD terms from 3 to 60 months. Make sure to take advantage of their current 27-Month CD Special 2.75% APY. You will be able to fully take control of your funds through their products and services and also maximize your saving potential. Sign up for a CD with Mechanics Cooperative Bank and the enjoy their high APY rates today. Check out our Best CD Rates at HMB!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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