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  Century Bank Massachusetts Certificates Deposit
Century Bank Massachusetts Certificates Deposit
in CD Accounts from Century Bank of Massachusetts · Member FDIC
Unaffiliated

Century Bank Massachusetts Certificates Deposit

Unaffiliated
in CD Accounts from Century Bank of Massachusetts · Member FDIC
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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 19 months
  • 2 years
  • 25 months
  • 27 months
  • 28 months
  • 30 months
  • 31 months
  • 3 years
  • 37 months
  • 39 months
  • 42 months
  • 43 months
  • 4 years
  • 49 months
  • 55 months
  • 58 months
  • 59 months
  • 5 years
APY (Annual Percentage Yield) 0.1% - 0.5%

Century Bank Massachusetts Certificates Deposit Review

Century Bank Massachusetts Certificates Deposit is offered by Century Bank of Massachusetts, a bank founded in 1969 and based in Somerville, MA. Century Bank Massachusetts Certificates Deposit is available in 1 state across the USA.

Key Takeaways

  • Only one CD account type available. Century Bank Massachusetts Certificates Deposit only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.5%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Century Bank Massachusetts Certificates Deposit allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Century Bank Massachusetts Certificates Deposit

Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • High-interest yield.
  • Only available in one state.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.

Century Bank Massachusetts Certificates Deposit FAQ

Are cd accounts from Century Bank of Massachusetts federally insured?

Yes, your Century Bank of Massachusetts cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #19943). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Century Bank of Massachusetts offer?

Century Bank Massachusetts Certificates Deposit provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.

What CD rates does Century Bank of Massachusetts offer on its CDs?

Century Bank Massachusetts Certificates Deposit offers an APY starting at 0.1% and ranging up to 0.5%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Century Bank Massachusetts Certificates Deposit offer?

Century Bank of Massachusetts offers CD terms of the following lengths:
Century Bank Massachusetts Certificates Deposit Rates & Terms
Description
APY (Annual Percentage Yield) 0.1% - 0.5%
3-Month APY 0.1%
6-Month APY 0.15%
11-Month APY 0.20%
12-Month APY 0.25%
2-Year APY 0.35% - 0.40%
3-Year APY 0.40% - 0.45%
4-Year APY 0.4% - 0.5%
5-Year APY 0.4% - 0.5%

What is the minimum deposit to open a CD account with Century Bank of Massachusetts?

Century Bank Massachusetts Certificates Deposit requires a minimum deposit of $500 to open an account.

What is the grace period for Century Bank Massachusetts Certificates Deposit?

Century Bank Massachusetts Certificates Deposit does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Century Bank Massachusetts Certificates Deposit charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Century Bank of Massachusetts does not charge an early withdrawal fee.

Century Bank of Massachusetts does not seem to charge any of the fees we track.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 4:00pm
  • Tuesday 8:00am - 4:00pm
  • Wednesday 8:00am - 4:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday 8:00am - 1:00pm

Other Services by Century Bank of Massachusetts

Availability

  Available in 1 state
Massachusetts
Availabile in all of Massachusetts

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.1% - 0.5%
3-Month APY 0.1%
6-Month APY 0.15%
11-Month APY 0.20%
12-Month APY 0.25%
2-Year APY 0.35% - 0.40%
3-Year APY 0.40% - 0.45%
4-Year APY 0.4% - 0.5%
5-Year APY 0.4% - 0.5%
CD Accounts Traditional
Certificate Term
  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 19 months
  • 2 years
  • 25 months
  • 27 months
  • 28 months
  • 30 months
  • 31 months
  • 3 years
  • 37 months
  • 39 months
  • 42 months
  • 43 months
  • 4 years
  • 49 months
  • 55 months
  • 58 months
  • 59 months
  • 5 years

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