6.00% 5-Month / 5.75% 36-Month CD at a Connecticut CU - $16K Max/Variable (CorePlus)

Update 11/03/07: The 36-month Variable CD rate has decreased from 5.75% to 5.25% APY.

CorePlus Federal Credit Union has a Small Savers Share Certificate Special with a 6.00% APY and a 5 month term. The minimum deposit is $600, and the maximum is $16,000 per member. A new or existing checking account is required.

The credit union also has a special 5.75% APY 36-month variable rate certificate with the rate based on the Prime Rate minus 2.50%. The rate will not go below 3% or above 8% regardless of Prime.

Membership is open to anyone who lives, works, worships, or attends school in New London County or Windham County, Connecticut. Please see their how-to-join page for the full details. Membership requires a $5 minimum deposit into the savings account.

Branches are located in Norwich, Groton, East Lyme, New London and Plainfield, CT. The credit union is federally insured by the NCUA (Charter # 1148). It has $167.4 million in assets and 19,567 members.

Tags: CD rates, Connecticut