Institution for Savings Bank is still pushing for their best interest rate certificate of deposit. The bank is offering best CD rates with their long term CD. This money in the bank has the following certificate of deposit rates:

• 30 and 36 months    2.47% APY
• 48 months                2.715% APY
• 60 months                2.96% APY

The minimum deposit to open an account is $500. In case you decide to withdraw some funds before the maturity date, you will have to shoulder the penalty that will be applied on your CD account. For instance, if your CD is 25 to 47 month term then the equivalent of your penalty will be 9 months worth of earnings. For 48 month term and above the penalty will be equivalent to 12 months worth of interest. Please be reminded also that interest rates listed above are subject to change anytime without prior notice.

Consumers who want to take advantage of this top certificate of deposit rate may visit one of the bank’s branch near your location to apply. You may also call their customer service line to inquire more about certificate of deposit, current interest rates, or how to open an account thru 800-437-6703.

The bank has offices located in the cities of Salisbury, Newburyport, Rowley, Ipswich, and Byfield in the state of Massachusetts.

Institution for Savings Bank was established in 1820. They currently have over $1.2 billion in declared assets and considered as one of the largest bank in the state of Massachusetts. They are also a member of the Federal Deposit Insurance Corporation with certificate number 90250.