Dedicated to Deposits: Deals, Data, and Discussion

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


Vibe Credit Union
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: Vibe Credit Union, Michigan, CD rates

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Comment #1 by Best CD Rate (anonymous) posted on
Best CD Rate
One thing they want is a color copy of your driver's license.

Also, the last round they had for their 6% special was only open to existing members or Michigan residents. It was not offered for new out-of-state deposits.

Since they routinely come out with good specials, opening a CD or savings account now could make you eligible the next time if they are restrictive again.

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. That's a good point about joining this credit union now. You'll more likely be able to take advantage of the next good CD special.

Comment #3 by Hans (anonymous) posted on
Telcom did an Equifax inquiry on me, just for buying their CD.