10% 12-Month CD at a New York CU - $2K Max (Palisades) - Update

Palisades Federal Credit Union has brought back its 10% certificate special. You can get 10% APY for 12-months. The website doesn't seem to list the details, so I called yesterday. I confirmed it had the same conditions as it did when I first reported on it in September. The minimum is $500 and the maximum deposit is $2,000. It requires a checking account with direct deposit. The $2K at 10% for 1 year will result in about $90 over what you would earn in a typical high yield CD.

The credit union use to have some additional competitive certificate specials, but currently the best rates besides this 10% special is only 5.25%.

The field of membership includes anyone who lives, works, worships or attends school in Rockland County, New York. A $5 deposit into a savings account is required for membership.

Branches are located in New City and Pearl River, New York. The credit union is federally insured by the NCUA (Charter # 4480). It has $135 million in assets and 8,534 members.

Thanks to the reader who mentioned finding this at bankingMyway.

Tags: New York, CD rates