Certificates of Deposit
Short Term Certificate of Deposit
At Leader Bank, we offer a variety of certificates, designed to accommodate your
particular investment goals. Short term certificates are from one to eleven months.
Interest is posted at maturity.
Term Balance Required to Open Account Interest Charges
1 - 11 months $1000 Simple interest paid at maturity Penalty for early withdrawal
  • A penalty will be charged for early withdrawal of principal.
  • You have the option to borrow against your certificate of deposit (CD). For more information regarding the interest rates for such a loan, please contact Ken Masterson, Vice President at 781-646-3900 or kmasterson@leaderbank.com.
  • Collateral loans are written on demand basis with payments of interest only due monthly.
Long Term Certificate of Deposit
A longer term certificate of deposit from Leader Bank offers you high interest earning
power, with the added benefits of liquidity and safety. Depending on your needs,
you can choose a term from one to five years. Interest is posted at month-end and
at maturity.
Term Balance Required to Open Account Interest Charges
1 - 5 years $1000 Accrues daily; Compounded monthly Penalty for early withdrawal
  • Interest payments may be transferred to another account, left to accumulate in the CD or sent to you by check monthly. A penalty will be charged for early withdrawal of principal.
  • You have the option to borrow against your certificate of deposit (CD). For more information regarding the interest rates for such a loan, please contact Ken Masterson, Vice President at 781-646-3900 or kmasterson@leaderbank.com.
  • Collateral loans are written on demand basis with payments of interest only due monthly.
 
 
 
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