Dedicated to Deposits: Deals, Data, and Discussion

5.13% 24-Month / 5.13% 12-Month CD at a DC Credit Union (Signal Financial).

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Update 1/19/08: The yield has fallen to 5.13% APY for both terms. The title has been changed with these new yield. Please refer to the credit union's website for the latest rates.

Signal Financial FCU is still offering promotional rates on 24 and 12 month share certificate. The rates have gone down once again, but they're still very competitive. The 24-month term has a yield of 5.28% APY and the 12-month term has a yield 5.18% APY. The 24-month term has a minimum deposit of $5,000, and the 12-month term has a minimum of $2,500. These require money new to the credit union. My last report on these CDs was on November 5th.

They also have longer term CDs with yields over 5% which are competitive in today's rate environment. The yields for terms of 48, 60 and 72 months are 5.07%, 5.13% and 5.18% APY. The minimum deposit is $500.

The credit union is still advertising on its home page a $101 bonus for opening a checking account with direct deposit.

Membership is open to anyone who lives, works, worships or attends school in Washington, DC or inside the Beltway in Prince George's County, Maryland. Membership is also available to members of Artemis Racing. Please refer to the credit union's membership page for more details. An application to Artemis Racing is available at this page. Artemis Racing membership costs $25. Credit union membership requires a $5 deposit into the main savings account.

Branches are located in Maryland, Virginia and Washington DC. The credit union is federally insured by the NCUA (Charter # 5571). It has $245.2 million in assets and 32,761 members.

Thanks to Mark who mentioned these updated rates in the finding-the-best-deals post.
  Tags: Virginia, Maryland, CD rates

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