6.00% 60-Month CD at a New Jersey CU (Paragon).
Dec 30, 2006 - 1:43 PM by Ken Tumin
Paragon FCU is still listing a 6.00% APY 60-month certificate of deposit. The minimum deposit for this rate is $10k. I had last posted on this in October. The 6.00% CD is also available in a Roth or Traditional IRA.
Paragon also has a checking account bonus. Open a checking account with direct deposit of $100 or add direct deposit to an existing checking account and receive a $50 Toys R Us gift card. An initial $100 deposit is required. This offer expires on 12/31/06.
The field of membership includes those who live, work, worship, or attend school in Bergen or Passaic County, New Jersey. There are additional communities in New Jersey and Pennsylvania that are included. Also, there's a long list of schools, companies and organizations which can qualify you for membership. Membership requires a $25 deposit into a Share account.
The credit union is NCUA insured. It has $376 million in assets and 56,744 members.
[Edit 12/30/06: The rate has gone up to 6.25%. See new post for more info.]
Paragon also has a checking account bonus. Open a checking account with direct deposit of $100 or add direct deposit to an existing checking account and receive a $50 Toys R Us gift card. An initial $100 deposit is required. This offer expires on 12/31/06.
The field of membership includes those who live, work, worship, or attend school in Bergen or Passaic County, New Jersey. There are additional communities in New Jersey and Pennsylvania that are included. Also, there's a long list of schools, companies and organizations which can qualify you for membership. Membership requires a $25 deposit into a Share account.
The credit union is NCUA insured. It has $376 million in assets and 56,744 members.
[Edit 12/30/06: The rate has gone up to 6.25%. See new post for more info.]
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Anonymous - #1, Wednesday, December 13, 2006 - 9:17 AM
Does anyone know of a way for someone to become eligible from out of state? (ie, what orginization/association to join?)
Anonymous - #2, Wednesday, December 13, 2006 - 5:13 PM
is it a good deal now?
Anonymous - #3, Sunday, December 17, 2006 - 5:25 PM
Looking at specials and promotions part of the rate page, the *** says to get 6% you need 50k. Also there is a 15 mth 5.4% rate.
Banking Guy (anonymous) - #4, Monday, December 18, 2006 - 6:47 AM
Thanks for the note. I should have mentioned the rate table at the bottom which also lists a 6% APY 60-month CD but with only a $10K minimum. The table has an effective date of 12/11/06 so I hope this is still available.
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