5.81% 30-Month CD in a Wisconsin CU
Mar 2, 2006 - 12:03 PM by Ken Tumin
Dodge Central Credit Union is offering a 5.81% APY 30-month CD. The minimum deposit is $10K. The early withdrawal penalty is 90 days of interest. This special CD also has a bump-up feature that allows a one time bump if rates increase.
The field of membership includes all those who live and work in the Wisconsin counties of Dodge, Columbia, Fond du Lac, Jefferson and Marquette.
The credit union is a small credit union with one branch in Beaver Dam, Wisconsin. It's NCUA insured with over 7300 members and over $34M in assets.
The best 2.5 year certificate of deposit currently listed at Bankrate.com is 5.10% APY at IndyMac Bank, FSB of Pasadena, California. This rate is about the same as rates on 1-year CDs so there's not much to gain by locking in for this long. However, a 5.81% APY along with a low early-withdrawal penalty may make a 30-month term worthwhile.
The field of membership includes all those who live and work in the Wisconsin counties of Dodge, Columbia, Fond du Lac, Jefferson and Marquette.
The credit union is a small credit union with one branch in Beaver Dam, Wisconsin. It's NCUA insured with over 7300 members and over $34M in assets.
The best 2.5 year certificate of deposit currently listed at Bankrate.com is 5.10% APY at IndyMac Bank, FSB of Pasadena, California. This rate is about the same as rates on 1-year CDs so there's not much to gain by locking in for this long. However, a 5.81% APY along with a low early-withdrawal penalty may make a 30-month term worthwhile.
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Banking Guy (anonymous) - #1, Saturday, May 6, 2006 - 1:43 PM
Update on May 06, 2006: New rate for the 30-month CD is 5.87% APY. Also, the minimum now is only $5K.
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