Expired: 7.00% 7-Month CD at a Maryland CU - $7K Max (NIH).

NIH Federal Credit Union is offering a 7% APY 7-month certificate. The minimum deposit is $1,000, and the maximum is $7,000. The offer is only available from July 1 to July 7, 2007. The CD can be opened by mail.

The $7K cap isn't too bad for these types of CDs. With a $7K deposit, you'll earn about $81 over what you would earn in a 5% account.

Field of membership is primarily based on select employer groups with the main one being the National Institutes of Health. See site for a list of other organizations. You can also be eligible to join via family members (and not just immediate family). Membership requires a minimum deposit of $25 into the regular share savings account.

Branches are located in the Maryland cities of Annapolis, Baltimore, Bethesda and Rockville, and in Washington, DC. The credit union is federally insured by the NCUA (Charter # 3601). It has $356.9 million in assets and 40,193 members.

Tags: Maryland, CD rates, NIH Federal Credit Union