Telcom Credit Union is offering a 6.25% APY 61-month certificate. The minimum deposit is $2.5K. This 6.25% rate requires a checking account and direct deposit. You can still get 6% without the checking account and direct deposit. The 0.25% bonus rate is available on all of the CDs with a checking account and direct deposit. The CD is also available on IRA accounts. The early withdrawal penalty equals 180 days of interest.
The field of membership is open to everyone by virture of a $2 donation to the Salvation Army Bed and Bread Program.
Branches are located in Novi, Southfield and Canton, Michigan.
The credit union is NCUA insured. It has $372 million in assets and almost 29K members.
Thanks to the reader who mentioned this special CD in the finding deals post.