5.50% 12-Month CD at a New York CU

The Fredonia Central School Federal Credit Union has some very good CD rates. For a $500 minimum deposit requirement, a 12-month CD has a rate of 5.00% APY. A jumbo certificate gets an extra 0.50% bump so the APY would be 5.50%. The minimum for a jumbo is $50K. Another good feature of these CDs is that there's only a 90 day early withdrawal penalty. The longer term CDs also have high rates. Below is a list of the current rates:

Term      $500 min  $50K min
               APY       APY
--------- -------- ---------
12 months    5.00%     5.50% 
24 months    5.10%     5.60% 
36 months    5.20%     5.70% 
48 months    5.30%     5.80%

Unfortunately, this is a small credit union with just one branch located in Fredonia, New York with a small field of membership. People who live, work, worship or attend school in the City of Dunkirk, New York and in certain other areas are eligible to join.