Machias Savings Bank is offering a limited-time promotional rate for those wondering where to open a certificate of deposit, giving savers and small businesses a fixed-rate option to grow funds securely.
MACHIAS, Maine, Oct. 3, 2026 /PRNewswire-PRWeb/ -- Savers looking for a certificate of deposit with a strong fixed return now have a timely option throughMachias Savings Bank, which is running a limited-time promotional rate on select terms. The bank's certificate of deposit special gives savers and small business owners a way to lock in predictable growth amid shifting interest rates. The promotion pairs a fixed return with a broader push to help customers move their financial goals forward with confidence.
How Can Savers Open a Certificate of Deposit With Machias Savings Bank?
Opening a certificate of deposit with Machias Savings Bank starts with choosing a term that matches a saver's timeline, then completing an application either online or at a branch. The bank's current special includes a24-month CD at 3.50% APY and a 36-month CD at 3.75% APY, both requiring a $500 minimum deposit to open.
For those who want to open a CD account online, Machias Savings Bank requires applicants to be at least 18 years old and either a Maine resident or an existing customer. Applicants must also provide a physical address, a valid driver's license or state-issued identification, a Social Security number, an email address and a mobile phone number. Interest can be withdrawn as it accrues or left to compound, and account holders may pledge the certificate as collateral on a future loan.
What Sets Machias Savings Bank Apart Among Certificate of Deposit Providers?
Machias Savings Bank distinguishes itself less through marketing and more through how it treats customers once they walk through the door, whether that door is a branch or a mobile app. Business clients are paired with a relationship banker and benefit from local decision-making, meaning account decisions come from people familiar with the surrounding communities rather than a distant call center.
Among the best banks for certificate of deposit accounts in the region, Machias Savings Bank has also built a reputation as an employer, recognized as one of the Best Banks to Work for in the Nation by American Banker Magazine and named among the Best Places to Work in Maine.
That recognition reflects a culture the bank sums up in its own shorthand, "MachiYES!" The phrase captures an approach built around finding solutions rather than closing doors, extending from hiring practices to how deposit products like this certificate of deposit special are structured for everyday savers.
About Machias Savings Bank
Machias Savings Bank is a financial institution serving individual and business customers with checking, savings, lending and deposit products, including certificates of deposit. The bank emphasizes community-focused, relationship-based banking, pairing business customers with local relationship bankers. It has been recognized as one of the Best Banks to Work for in the Nation by American Banker Magazine and among the Best Places to Work in Maine.
Media Contact
Shane Jones, Machias Savings Bank, 1 (717) 928-0683, [email protected], https://www.machiassavings.bank/
SOURCE Machias Savings Bank
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