A certificate of deposit (CD) is a low-risk deposit account that earns a fixed rate of return. In exchange for this guaranteed yield, you agree to lock up your money until the CD’s term expires. CDs ...
It requires a low minimum deposit of $500. However, the criteria you need to meet in order to open the certificate are steep. First of all, you can only put a maximum of $3,000 in the CD.
We highlight the best CD rates in Massachusetts, how much you can earn and a few alternative savings accounts to consider.
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