MCT Federal Credit Union is offering a 5.42% APY 16-month and a 5.37% APY 11-month certificate (see rate table). These yields apply to their Jumbo CDs which have a minimum deposit of $50K. The yields for CDs with a $1K minimum are 37 basis points lower. These same rates are also available in an IRA certificate. An additional 0.50% may be available on the 16-month CD for those who qualify for member rewards.

In January this credit union had been offering several CD terms with yields over 6%.

Field of membership includes students, employees and volunteers in accredited schools in Montgomery County and their families. The FOM also includes a long list of select employee groups and associations. See site for the details.

Branches are located in Silver Spring, Clarkburg, Germantown, Kensington and Rockville, Maryland. The credit union is federally insured by the NCUA (Charter # 6808). It has $440.5 million in assets and 60,666 members.