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Boston, MA Bank Facts, Financials, News and Rates

  • About Boston, MA:
    Boston, MA is home to the headquarters of 16 banks, which employ a total of 29,444 people full-time.
  • Boston, MA is home to 148 bank branches. These 148 bank branches hold $61 Billion in deposits. The average in deposits per branch is $411 Million at the 148 bank branches in Boston, MA.
  • With $1,880 Billion in assets, the largest bank with a branch in Boston is Bank Of America. By contrast, the smallest bank (by asset size) with a branch in Boston is Putnam Fiduciary Trust, with $16 Million in assets.
  • The bank assets in Boston, MA can be measured on a state and national level. The percentage of statewide bank assets is 65.65 %. 65.65 % is 1.16 % of all national bank assets.
  • Compare the rates you can get on bank CDs and High-Yield Savings accounts in Boston, MA with the rates offered on MoneyAisle. The average CD rate offered in Boston for a 12 month CD is 0.73 % - MoneyAisle's overnight 12 month CD auction rate was 1.80 %. Compare for yourself - Run a live auction now!

Boston, MA Banks - Fast Facts

  • Banks HQ in Boston: 16
  • Number of Boston Branches: 148
  • Average Branch Deposit Size: $411 Million
  • Boston HQ Banks Employ : 29,444 full-time employees
  • Boston HQ Banks Assets: $157 Billion
  • Biggest Bank HQ in Boston (Assets): State Street Bank And Trust
  • Smallest Bank HQ in Boston (Assets): Putnam Fiduciary Trust
  • % of MA Bank Assets: 65.65 %
  • % of US Bank Assets: 1.16 %

Data from FDIC as of 3/31/2009

Banks Headquartered in Boston, MA

(Largest Banks by Asset Size)

Banks with Branches in Boston, MA

(Largest Banks by Asset Size)

Recent National Live Auction CD Rates
for March 16, 2010

Term National Avg APY* Overnight
Auction APY
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.31%
1 Year CD Rates 0.69% 1.74%
2 Year CD Rates 1.16% 2.11%

More National CD Rates

Show me CD Rates offered to people from my state:

*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")