Average August CD Rates for Waltham, MA

The hardest part about saving money is often just doing it, but doing more than just putting some cash away in a savings account will help you reach your goals even faster. Depositing in a higher earning account like a certificate of deposit will take your savings to the next level, but only if you take the time to find the highest Waltham CD rates first. By knowing what’s presently available in your city, you’ll be able to pinpoint the best offers and make your money work for you.

For example, just knowing what kind of range of interest rates to expect from the financial institutions in your area will give you a better understanding of a “good” rate versus a less competitive one. Below is a look at the highest and lowest interest rates, as well as averages, across a few different CD terms.

Average CD Interest Rates in Waltham, MA

Waltham 2-Year CDs

There are currently 31 CDs offered in and around Waltham for a term of 2 years. Of those accounts the highest rate is 1.61% APY, while the very lowest is 0.65% APY. The average 2-year CD rate in the city today is 1.17% APY.

1-Year CDs in Waltham

Out of a total 31 accounts available, the highest Waltham 1-year CD rate is 1.15% APY and the lowest is 0.25% APY. The average rate among these accounts is 0.79% APY.

Waltham 6-Month CDs

Banks and credit unions in and around Waltham currently have 29 certificates of deposit available for a 6-month term. The lowest rate you’ll find today 0.05% APY and the highest is 0.85% APY. The average 6-month CD rate in Waltham today is 0.52% APY.

The above rates are accurate as of August 12, 2011, but are subject to change at any time at the discretion of the individual financial institutions.