Last Updated: 04/18/2025
Century Bank Massachusetts Certificates Deposit
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All CD Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.1% - 0.5%(Verified 06/21/2024)
Disclaimer popup with additional information
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
Century Bank Massachusetts Certificates Deposit Review
Century Bank Massachusetts Certificates Deposit are offered by Century Bank of Massachusetts, a bank founded in 1969 and based in Somerville, MA. Century Bank Massachusetts Certificates Deposit are available in 1 state.
Key Takeaways
- Only one CD type available. Century Bank Massachusetts Certificates Deposit only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.5%.
- $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 |
|
|
Century Bank Massachusetts Certificates Deposit FAQ
Are CD from Century Bank of Massachusetts federally insured?
Yes, your Century Bank of Massachusetts CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What 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:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11-Month APY | 0.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.1% - 0.5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 require 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 of Massachusetts 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 term ends.
Century Bank of Massachusetts charges an early withdrawal fee.
Century Bank of Massachusetts does charge any of the fees we track.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.
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