Bank of Boston Corp. is offering a citizenship lesson that pays.

In New England's grand electioneering tradition, the bank's lead subsidiary unveiled a two-year certificate of deposit Monday that pays 5% interest - up from 4.35% - and jumps 25 basis points the month after Election Day.

The increase is good no matter who takes the White House.

Various Initial Rates

The promotion will run in the five New England states where the banking company has subsidiaries, with introductory rates ranging from 4.75% to 5.25%.

For extra excitement, 10 more basis points will be added Dec. 3 if the turnout of eligible voters in the depositor's state exceeds that of the 1988 presidential election.

Getting that bonus, however, may be tough. The 1988 election drew a high percentage of New England voters because Massachusetts Gov. Michael Dukakis was on the ballot.

In Massachusetts, 82.1% of registered voters went to the polls, followed by 81.4% in Connecticut. The estimated turnout of registered voters nationally was 78%, said the Committee for the Study of the American Electorate.

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