Dedicated to Deposits: Deals, Data, and Discussion

5.90% 50-Month / 5.38% 20-Month CD at a New York CU (CFCU Community)

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CFCU Community Credit Union continues to offer a certificate special with some very competitive rates. There's a 5.90% APY 50-month CD and a 5.38% APY CD with terms of 10 and 20 months. These require a $100K minimum deposit. Lower rates are available with minimum deposits of $25K and $500. Below is a summary of the rates:

APY APY APY
Term $100K Min $25K Min $500 Min
50-month 5.90% 5.64% 5.38%
10/20-month 5.38% 5.25% 5.12%

These same certificates are also available in an IRA. Premier Checking is required for these rates. The Premier Checking has a $500 minimum to avoid fees, but it does require direct deposit. This promotion is available through 12/31/07.

The credit union has been having this promotion for all of this year, however, the rates have gone down since my July post when the top rate was 6.17% APY.

Field of membership includes anyone who lives, works or attends school in Tompkins or Cortland Counties. See the how-to-join page for more details. Membership requires a $10 fee and a minimum deposit of $5 into the share savings account.

Branches are located in Ithaca and Cortland, New York. The credit union is federally insured by the NCUA (Charter # 68322). It has $466.7 million in assets and 57,517 members.

  Tags: New York, CD rates, IRA rates

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