CD's

Mayflower Bank is proud to offer some of the most competitive CD and IRA rates in the area. Low minimum deposits, high interest rates, and varying terms make our CD's great places to make your money work for you.

Maturities of our CD's range from 91 days to 5 years. The minimum required balance to open a CD of one year or longer is $500.00 (Terms under one year have a $2,500.00 minimum). Interest, compounded and credited monthly*, can be automatically transferred to another Mayflower account or sent directly to you.

* Interest on 91-day certificates is not compounded and is credited at maturity.

IRA's

We offer Traditional and Roth IRA's. A Traditional IRA allows you to defer taxes on your earnings until they are withdrawn. Additionally, contributions to a Traditional IRA may be tax deductible in the tax year for which they are made. A Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.

No fees are required to open or maintain a Mayflower IRA. Please consult your tax professional to determine which IRA is right for you.