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Boston, MA Bank Facts, Financials, News and Rates

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  • 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)

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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")