Dedicated to Deposits: Deals, Data, and Discussion

5.57% 11-Month / 5.51% 16-Month CD at a Maryland CU (MCT)

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MCT Federal Credit Union recently lowered the rates on its certificates. However, the Jumbo certificates remain competitive. The two best rates are a 11-month CD with an APY of 5.57% and a 16-month CD with an APY of 5.51%. The minimum deposit requirement for these Jumbo CDs is $50K. All of the longer term Jumbo CDs now have yields of 5.42% APY. This is a big drop from rates as high as 6.37% APY last month.

The field of membership includes students, employees and volunteers in accredited schools in Montgomery County and their families. The FOM also includes a long list of select employee groups and associations. See site for the details.

Branches are located in Silver Spring, Clarkburg, Germantown, Kensington and Rockville, Maryland.

The credit union is NCUA insured. It has $373 million in assets and almost 58,000 members.
  Tags: CD rates

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