5.12% 18-Month / 5.12% 36-Month CD at a New Jersey CU (Garden Savings).

Garden Savings FCU still has some high rates on its share certificates. The rates have declined recently, but they remain competitive. The top yield is 5.12% APY for terms of 18, 24 and 36 months. The minimum deposit is $500. These same rates are also available for IRA certificates.

My last report on this credit union was in December when it was offering a special 5.33% CD.

Membership is open to those who live, work, worship, or attend school in Newark, Elizabeth, or Jersey City. In addition, you can be eligible to join via Select Employer Groups and via family. Please refer to their membership page for more details. Membership requires a minimum deposit of $5 into the share savings account.

Branches are located in Parsippany, Newark, Whippany, Montville and Morristown, NJ. The credit union is federally insured by the NCUA (Charter # 18710). It has $165.4 million in assets and 16,108 members.

Tags: Garden Savings Federal Credit Union, CD rates, New Jersey, IRA rates