Institution for Savings is offering a 5.50% APY 7-month certificate of deposit. The minimum deposit is $500.
Institution for Savings is acquiring the Ipswich Co-operative Bank. Early in the month I posted on the 5.50% 7-month CD at Ipswich. This CD is still available.
Branches are located in the Massachusetts cities of Newburyport and Salisbury. The bank is FDIC insured (FDIC Certificate # 90250). Funds over the FDIC limit are also insured by the Deposit Insurance Fund (DIF).