Dedicated to Deposits: Deals, Data, and Discussion

5.64% 5-Month CD at a Connecticut CU - w/DD (First New England)

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First New England Federal Credit Union
First New England FCU is offering a special 5.64% APY 5-month certificate of deposit. The minimum deposit is $1,000. A checking account is required with direct deposit. Without direct deposit and the checking, the yield is 5.378% APY.

Membership is open to residents of Vernon, CT. You can also be eligible via immediate family and via Select Employer Groups and associations. The online application allows you to select the option to join the Newington Friends of the Library. It looks like you can fund the membership fee into this library association and fund your opening deposit through this application with an electronic funds transfer. However, the special CD is not listed as an account option. Please refer to the credit union's who can join page for more details on eligibility and a link to the online application. Credit union membership requires a minimum deposit of $10 into the savings account.

Branches are located in the Connecticut cities of East Hartford, Vernon and Newington. The credit union is federally insured by the NCUA (Charter # 2601). It has $61.2 million in assets and 9,324 members.

Thanks to the reader who emailed me info on this CD.
  Tags: First New England Federal Credit Union, CD rates, Connecticut

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