5.85% 40-Month / 5.90% 60-Month CD at a Michigan CU (Schools and Government)

Michigan Schools and Government CU has competitive CD rates on all of its regular CD terms in addition to two CD specials. The CD specials include a 5.85% APY 40-month CD and a 5.65% APY 16-month CD. These require money new to the credit union. The regular certificates have APY's that range from 5.30% for the 6-month term to 5.90% for the 5-year term. The long term rates are especially competitive: 5.90% APY 5-year, 5.80% APY 4-year and 5.70% APY 3-year. All of the certificates have a minimum deposit of $500. The IRA CD's have the same rates and minimum requirements.

The field of membership includes employees, students, former students, alumni, and retirees of educational institutions in the Michigan counties of Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, Washtenaw and Wayne. The FOM also includes members of several organizations, and retirees located in the areas of the credit union. Also, you can qualify via relatives by blood or marriage. Relatives don't have to already be a member. They only have to be eligible to join. See site for more details.

The credit union is NCUA insured. It has $730 million in assets and 61,109 members.