5.25% 6-Month / 5.25% 60-Month CD at a Michigan CU - and all terms in between (Consumers)

Update 1/4/08: This CD special has ended. Please check the credit union's website for the latest specials and rates.

Consumers Credit Union is having a CD special with a yield of 5.25% APY available on terms from 6 to 60 months. The minimum deposit is $1,000, and the maximum is $250,000. It's available as both a regular and IRA certificate.

The 5.25% yield isn't great, but it's competitive in today's rate environment. As you can see in my last week's rate summary, it's getting hard to find CDs with yields of 5.25% or higher.

Membership is open to anyone who lives, works, worships or attends school in any one of 12 counties in Michigan. Please refer to the credit union's membership page for the full details. Membership requires a minimum deposit of $25 into your share savings account.

Branches are located in Kalamazoo, Portage, South Haven, Holland, Lawton and Coldwater. The credit union is federally insured by the NCUA (Charter # 62172). It has $214.3 million in assets and 27,491 members.

Thanks to the reader who emailed me info on this CD special.