6.15% 13-Month CD at a MI/OH/AR Credit Union - lower rates for $5K+ (United).

United FCU is offering a special 13-month share certificate which can earn 6.15% APY for a $5K deposit. No more than one-half of the money earns 7% APY (up to a maximum $2,500). The remaining percentage earns 5.30% APY. So the maximum yield that you can earn would be 6.15% for a $5K or smaller deposit. Higher deposits will have rates closer to 5.30%. A $10K deposit would yield about 5.73% APY and a $20K deposit would earn about 5.51% APY.

Field of membership includes those who live, work, worship, volunteer or attend school in designated areas near the credit union branches in Southwest Michigan, Marion, Ohio, and Fort Smith, Arkansas. You can also be eligible to join via Select Employer Groups and via immediate family. See site for details. Membership requires a minimum $5 deposit into the savings account.

Branches are located in Michigan, Ohio, Arkansas, North Dakota and North Carolina. The credit union is federally insured by the NCUA (Charter # 6288). It has $711.0 million in assets and 73,423 members.

[Update 4/21/07: The special CD is no longer listed on the website.]

Tags: Michigan, CD rates, Arkansas, Ohio