7.00% 12-Month CD at a Pennsylvania CU - $2K Max (Erie FCU).

Erie FCU is offering a 7.00% APY 12-month certificate of deposit as part of its 70th anniversary celebration. It has a minimum and maximum deposit of $2,000. Only one CD allowed per member. It's also available in IRA accounts. The offer ends on September 30, 2006 (pdf of promo).

The $2K max is low but at least it doesn't require a checking account. Also, it's not restricted to one per household, but one per member. So your spouse can open one also. Compared to a 5% savings account, two $2K CDs at 7% would earn about $80 more.

The field of membership includes those who live, work or attend school in Erie County, PA.

The credit union is NCUA insured. It has $229 million in assets and 30,000 members.

Thanks goes to the reader who mentioned this promo in the finding deals post.