6.00% 11-Month CD at a Massachusetts CU (MIT FCU)

MIT Federal Credit Union is offering a special 6.00% APY 11-month Jumbo share certificate. The minimum deposit is $50K. A regular 11-month CD is also available with a rate of 5.75% APY and a minimum of $1K. To qualify for these rates, you must be a Smart Money Rewards member which requires an active checking account and direct deposit. Without this, the APY is 0.25% lower.

In addition to MIT students and staff, the field of membership includes several other select employee groups.

The credit union is NCUA insured. It has $199 million in assets and 21,482 members.