10% Junior CD at a Utah Credit Union - $1K Max (Mountain High)
Apr 26, 2007 - 8:34 AM by Ken Tumin
Mountain High FCU is offering a special certificate called the 10% Junior CD. It has a 10% APY for a maximum initial deposit of $1,000. The minimum deposit is $100. The CD matures on the 18th birthday. So if your child is 10 years old, the CD would earn 10% for the next 8 years.
The credit union also has competitive rates on its standard CDs that range from 5.70% APY for a 60-month term to 5.60% APY for a 36-month term to 5.35% APY for a 12-month term. The minimum deposit is $500.
Field of membership includes those who live in Utah County. Membership requires a minimum $5 deposit into the savings account. Branches are located in the Utah County cities of Spanish Fork, Lehi, Eureka, Provo, Nephi, Payson and Springville. The credit union is federally insured by the NCUA (Charter # 24678). It has $38.8 million in assets and 6,302 members.
Credit for this find goes to SlickDeals member ansonyuhas who posted on this SlickDeals thread.
The credit union also has competitive rates on its standard CDs that range from 5.70% APY for a 60-month term to 5.60% APY for a 36-month term to 5.35% APY for a 12-month term. The minimum deposit is $500.
Field of membership includes those who live in Utah County. Membership requires a minimum $5 deposit into the savings account. Branches are located in the Utah County cities of Spanish Fork, Lehi, Eureka, Provo, Nephi, Payson and Springville. The credit union is federally insured by the NCUA (Charter # 24678). It has $38.8 million in assets and 6,302 members.
Credit for this find goes to SlickDeals member ansonyuhas who posted on this SlickDeals thread.
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Anonymous - #1, Thursday, April 26, 2007 - 11:55 AM
This cd has been around for awhile. I remember seeing it on the credituniondeals blog site earlier this year. This is a GREAT Deal if you have a lot of kids. Too bad membership isn't open to more people :(.
Anonymous - #2, Thursday, April 26, 2007 - 12:14 PM
Anon: Affinity bank has a 10% savings account open to all kids everywhere :)
http://www.affinitybank.com/pb/rates.asp
Anonymous - #3, Thursday, April 26, 2007 - 2:06 PM
I just checked out that credituniondeals.blogspot.com site mentioned above. They also have a 10% 7 month cd from Wescom Credit Union. It's only available at one branch though.
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