5.25% 61-Month / 5.25% 18-Month CD at a Michigan CU - Easy Membership (Telcom)

Telcom Credit Union has two special CDs both with a yield of 5.25% APY. One has a term of 18 months and a minimum deposit of $2,500, and the other has a term of 61 months and a minimum deposit of $5,000.

This 61-month special CD has had higher rates in the past (6% in July 2007 and 6.25% in September 2006). Nevertheless, the current 5.25% APY is still very competitive in today's rate environment.

Membership is open to everyone by virtue of a $2 donation to the Salvation Army Bed and Bread Program. Please refer to the credit uinon's how-to-join page for details. Membership requies a minimum $5 deposit in the share savings account. Also, there's a $2 monthly fee if your combined average monthly balance of all deposit accounts is under $500.

Branches are located in Novi, Southfield and Canton, Michigan. The credit union is federally insured by the NCUA (Charter # 62236). It has $451.7 million in assets and 41,547 members.

Tags: Telcom Credit Union, Michigan, CD rates