Winter Hill Bank is offering savers in Boston 2.25% APY on CDs for the 60 month term. The rate can be availed on a deposit of $1,000 (minimum).
To qualify to purchase the certificate of deposit, savers should be residents of Massachusetts. Also, they should be within the footprint of the bank.
The areas that are included in this are North Reading, Somerville and communities surrounding the latter. Savers will have to buy the certificates of deposit in person from one of the five branches of the bank located in these areas.