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Danvers Bank 3% Internet Savings Account

February 18th, 2009

Danvers Bank is offering a 3% APY internet high yield savings account with only a $1 minimum deposit. They also have a 3.3% APY 4 month CD with a minimum deposit of $500. These accounts are available nationwide.

You can apply for both accounts online but there is a $25,000 initial limit on ACH transfers. If you’d like to open a larger certificate of deposit you can mail in a check.

Danvers Bank also has a decent reward checking account with a 4.01% APY for balances up to $25,000. Branches of Danvers Bank are located in several Massachusetts cities including Boston, Danvers, Salem and Wilmington. Danvers Bank is a FDIC insured bank.

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