5.25% 60-Month No-Penalty CD at a PA CU

The Sun East Federal Credit Union has a unique type of CD special. You can get 5.00% APY on a 60-month term. You can get 5.25% APY if you open a checking account with direct deposit. The minimum deposit requirement is $500. What's interesting about this certificate of deposit is that there's no penalty after the first 12 months.

This no-penalty feature potentially makes this 60-month CD better than a 5.25% 12-month CD. Like a 12-month CD, you can have access to the money for better investments or for other needs after 12 months. Unlike a 12-month CD, you're guaranteed the rate for 4 additional years which could be useful if rates fall.

I've mentioned this credit union in a previous post regarding its 4.50% money market account for deposits over $25K.

The credit union has a field of membership that includes all those who live, work or worship in parts of the Philadelphia area. There's also a long list of eligible companies and organizations. The main office is in Aston Pennsylvania.