5.85% 6-Month CD at a Tennessee CU (Eastman)

Eastman Credit Union is offering a special investment certificate with an APY of between 5.50% and 5.85%. The term is 6 months, and the minimum deposit is $2.5K. 5.75% APY requires a new or existing checking account with direct deposit or direct debit. 5.85% APY requires the above and opening the CD online. Without either, the APY is 5.50%.

The credit union had recently been offering a 6.35% 7-month CD, but this seems to have ended.

The field of membership includes those who live, work or attend school in several counties in the northeast part of Tennessee. Counties in southwest Virginia and Harrison and Gregg Counties in Texas are also included. There's also a long list of Select Employer Groups.

Branches are located in Tennessee, Virginia, Texas, South Carolina and Arkansas.

The credit union is NCUA insured. It's a large credit union with $1.6 billion in assets and over 81K members.

Thanks to the reader who emailed me this special.