Certificates of Deposit

Rate effective as of 6/5/2020

Certificates of Deposit

Minimum to Open
& Earn APY

Interest Rate

Annual Percentage
Rate (APY)

3 Months $1,000.15%.15%Contact Us
6 Months$1,000.30%.30%Contact Us
9 Months$1,000.65%.65%Contact Us
12 Months
$1,000.80%.80%Open Account
18 Months
$1,000.90%.90%Open Account
24 Months$1,0001.09%1.10%Open Account
36 Months$1,0001.19%1.20%Contact Us
36 Month Home Buyer CD
$5001.19%1.20%Learn More
36 Month Education CD$5001.19%1.20%Learn More
48 Months
$1,0001.29%1.30%Contact Us
60 Months
$1,0001.34%1.35%Open Account
1-1/2 Year IRA*$25.30%.30%Contact Us

*Rate may change after account is opened. Fees may reduce earnings on account. **Fees may reduce earnings on account. Penalty for early withdrawal. Interest is compounded daily. All CD types are available for IRA accounts. 

Deposits are accepted from residents of Massachusetts, Rhode Island and Windham County Connecticut only. All accounts are subject to approval, and MFB reserves the right for any reason to refuse a deposit or to return all or any part thereof. Each depositor insured to at least $250,000 by the Federal Deposit Insurance Corporation.


Funds Availability Policy Disclosure

Important Information About Procedures for Opening a New Account