Dedicated to Deposits: Deals, Data, and Discussion

6.00% 7-Month CD at a New Jersey/New York CU (McGraw-Hill Employees)


McGraw-Hill Employees FCU is offering a 6.00% APY 7-month share certificate. The minimum deposit is $1,000. Deposits greater than $20K must be new money. The special is scheduled to last through 8/31/07.

Unfortunately, the field of membership is narrow. It's based on Select Employee Groups and family members. See their how-to-join page for more details. Membership requires an initial $5 deposit into the share savings account.

Branches are located in East Windsor, New Jersey and in New Yor, New York. The credit union is federally insured by the NCUA (Charter # 861). It has $214.1 million in assets and 14,695 members.

Thanks to the reader who emailed me info on this special

  Tags: New York, CD rates, New Jersey

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Comment #1 by Banking Guy (anonymous) posted on
Banking Guy
The reader who emailed me this special mentioned that the Select Employer Groups includes the sub-companies of McGraw-Hill which include: Standard & Poor's, BusinessWeek and J.D.
Powers and Associates.