Dedicated to Deposits: Deals, Data, and Discussion

6.00% 24-Month / 6.00% 60-Month CD at a Minnesota CU (SMW)

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SMW Federal Credit Union continues to offer high rates on its certificates. A 6% APY is available on terms from 24 to 60 months for a $100K minimum deposit, 36 to 60 months for a $75K minimum, 48 to 60 months for a $50K minimum and 60 months for a $25K minimum. See rate table. The 12-month CD rate is also competitive for balances over $25K with yields ranging from 5.60% APY to 5.90% APY. The rates drop off sifnificantly for deposits under $25K.

My last report on this credit union was in March. The credit union has been offering high CD yields all year.

Field of membership includes those who live, work, worship, volunteer or attend school in Anoka County. Also, anyone related to a current member is eligible to join. Branches are located in Maplewood and Fridley, MN.

The credit union is federally insured by the NCUA (Charter # 24363). It has $55.7 million in assets and 4,934 members.
  Tags: CD rates

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