6.00% 12-Month CD at a New Jersey CU (Rutgers).

Jan 31, 2007 - 5:44 PM by Ken Tumin

Rutgers University Student and Alumni FCU is offering a special 6.00% APY 1-year certificate of deposit. The minimum deposit is $5K and the maximum is $99K.

The field of membership includes all students and alumnus of Rutgers University. Branches are located in New Brunswick and Newark, New Jersey.

The credit union is federally insured by the NCUA. It's a small credit union with $3.4 million in assets and 2,382 members.

[Update: CD special is no longer being offered as of 1/31/07]

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Anonymous - #1, Wednesday, January 10, 2007 - 3:12 PM

I contacted them and was told minimum deposit for 6% 12 mo. CD was $10,000 (as opposed to $5,000).

Banking Guy (anonymous) - #2, Wednesday, January 10, 2007 - 7:34 PM

Thanks for the note. You're right, it's listed as $10K in the rates table. Also, the APY is 6.136%.

Anonymous - #3, Wednesday, January 31, 2007 - 3:42 PM

I called today, and this is no longer being offered, even though it's listed on their website as still beihng available, the customer rep said. But she said that it'll be available again sometime within the next couple of months. Disappointed I missed this one.

Banking Guy (anonymous) - #4, Wednesday, January 31, 2007 - 5:44 PM

Thanks for the update. I update the post with this info.

6.00% 12-Month CD at a New Jersey CU (Rutgers).

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