Massachusetts based Country Bank for Savings invites consumers to take advantage of their money in the bank deals through their competitive relationship certificate of deposit and regular CDs.

They offer their top cd rates through the relationship certificates of deposit which has the following current interest rates:

• 6-month relationship CD 1.85% APY
• 15-month relationship CD 2.25% APY
• 24-month relationship CD 2.50% APY

These highest interest rates can be enjoyed if the account holder can maintain a monthly average balance of $1,000 in a CBS checking account. A direct deposit must also be set up to come in every month. The bank does not offer checking accounts outside state so it seems that these relationship CDs are only offered to Massachusetts consumers.

They also offer their best cd rates for their regular certificates of deposits which earns the following interest rates

• 6 months 1.60% APY
• 15 months 2.00% APY
• 2 years 2.25% APY

These cd interest rates are still listed on the bank’s website as of February 8 but they can be changed any time without notice. These certificates require a minimum funding of $500. These are offered nationwide.

Country Bank for Savings has branches spread between the cities of Springfield and Worcester. If you have any questions with regard to their products and services, you can call their toll free hotline at 800-322-8233.

The bank has some excellent financial ratings. BauerFinancial gave it 5 stars for soundness and safety while Bankrate.com tagged it with 4 stars for performance. These were based on their Septmber and June 2009 data, respectively.

Country Bank for Savings has a long history of business being established in 1850. They are indexed with the FDIC under certificate number 23992. They are also accredited by the DIF so any fund which is beyond the FDIC limit will still be covered.