Nest Egg CD Requires LowBalance

April 20, 2006, 1:00 a.m. EDT 1 Min Read

LOWELL, Mass. - (04/20/06) Seeking to encourage membersavings, M/A-COM FCU here has introduced a share certificate with alow $100 opening balance that it reports attracted $100,000 duringits first week of availability. Called the ³Build Your NestEgg² certificate of deposit, the credit union is targetingyoung savers who may want to start putting money aside for futuremilestones such as a college education, first home, or new baby.The CD has a term of 13 months.

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