Danvers Bank is a strong and stable financial institution and even during times of economic turbulence, their operations have remain largely unaffected because of their strong financial resources, asset quality, commitment to customers and liquidity levels. They cater to the needs of their diversified customers with the quality products and services. They have many lending services like mortgage, refinancing, auto loans and personal loans. Their savings products include CDs, IRAs, savings account and money market accounts. We will take a closer look into the Danvers Bank Certificate of Deposit rates and its features.

The Danvers Bank CD rates for a period of 91 days are .25% APY and the minimum balance required is $500. For a 6 months period, the interest is 0.50% APY. In the case of a 1 year term, the Danvers Bank CD rates are 0.75% APY and for 1 ½ years, the interest rate is 1.25% APY. The Danvers Bank Certificate of Deposit rates for a period of 2 years are 2.00% APY, for a period of 3 years, the CD interest rates are 2.50% and for a 5-year term, the interest rates are 2.75% APY.

Besides these regular rates, they have some special schemes from time to time. Currently, there is a limited time offer for the special CD scheme that has a term period of 9 to 12 months and the interest rate offered is 1%. The minimum balance required to open an account is $500. These accounts are easy to open and manage. Also, these rates make it an attractive option for investment and this is one of the reasons for its popularity.