Dedicated to Deposits: Deals, Data, and Discussion

5.00% 60-Month / 4.85% 12-Month CD at Philadelphia Federal Credit Union.


Update 2/2/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Philadelphia FCU has several high yields on its certificates. The highest yields are for the jumbo certificates which have a minimum deposit of $25,000. The top yields range from 4.80% APY for a 6-month term to 5.00% APY for a 60-month term. The yields for CDs with a $10K minimum are 5 basis points lower. $500 minimum CDs have yields 15 basis points lower. These same yields are also available for IRA certificates. The credit union also has a promotional 12-month IRA certificate with a yield of 5.02% APY for a $25,000 minimum deposit.

I called to verify these rates today, and I was told they're still valid. The CSR didn't know how long they may last. According to the IRA certificate promo page, the 12-month IRA special should remain valid until April 15, 2008.

Membership is open to anyone who lives, works, worships or attends school in the City of Philadelphia and in parts of Columbia County. You can also be eligible via one of a long list of Select Employee Groups. Please refer to the credit union's Who-Can-Join page for the full details. Membership requires a minimum deposit of $5 in the Regular Savings Account.

Branches are located throughout Philadelphia and in Bloomsburg. The credit union is federally insured by the NCUA (Charter # 7238). It has $541 million in assets and 97,212 members.

  Tags: Pennsylvania, CD rates, IRA rates

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