5.50% 13-Month CD at an Alabama CU (Redstone)

Redstone FCU is having an Anniversary Share Certificate special with a yield of 5.50% APY and a term of 55 weeks. The minimum deposit is $5,000, and the maximum balance is $100K. Only one CD per member is allowd. The offer expires on 2/20/07.

Field of membership is primarily based on select groups. There's a long list of companies and associations. See site for details. Membership requires a minimum $5 deposit in the regular share savings account.

Branches are located in the Alabama cities of Huntsville, Arab, Ardmore, Big Cove, Decatur, Madison, Meridianville, Redstone Arsenal, Scottsboro. There's also a branch in Fayetteville, Tennessee.

The credit union is federally insured by the NCUA. It's a large credit union with $1.9 billion in assets and 271,743 members.

Tags: Alabama, CD rates