8.00% 7-Month CD at a Michigan CU - $2.5K Max (Consumers).

Consumers Credit Union is offering a special 7-month certificate with an APY of 8.00% for deposits between $500 and $2.5K. An APY of 6.00% is available for deposits between $2.5K and $10K, and an APY of 5.75% is available for deposits between $10K and $100K. A new checking account is required. This special applies to both regular and IRA CDs.

You can consider this like a checking account bonus. They do have a Free Checking Account. The extra amount you would earn over a market leading CD of 5.50% would be: $36 for $2.5K, $29 for $10K and $146 for $100K. I would assume they would not allow you to open multiple 8% CDs.

The field of membership includes those who live, work, worship or attend school in Michigan counties of Allegan, Barry, Branch, Calhoun, Kalamazoo, Ottawa, St. Joseph, Van Buren, Kent, Cass or Berrien. A $25 minimum deposit into a share savings account is required for membership.

The credit union is NCUA insured. It has $186 million in assets and 24.5K members.

Credit for this find goes to this SlickDeals thread.