5.65% 5-year CD at a Virginia CU
Dec 9, 2005 - 5:47 PM by Ken Tumin
The Fort Lee Federal Credit Union has some very good rates on long-term CDs. The 5-year CD has a rate of 5.65% APY and the 3-year CD has a rate of 5.16%. There's a minimum required deposit of $2.5K.
The early withdrawal penalty for these certificates of deposit is 180 days of interest which makes these a much better deal than some CDs which charge a penalty equal to half of the term in interest.
The only problem with this credit union is its restrictive field of membership. It's primarily an employer based FOM. Its main branch is located in Prince George, Virginia.
The early withdrawal penalty for these certificates of deposit is 180 days of interest which makes these a much better deal than some CDs which charge a penalty equal to half of the term in interest.
The only problem with this credit union is its restrictive field of membership. It's primarily an employer based FOM. Its main branch is located in Prince George, Virginia.
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