Dedicated to Deposits: Deals, Data, and Discussion

4.65% 15-Month / 4.50% 9-Month CD at a Utah CU - Easy Membership (Mountain America).

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Mountain America Credit Union
Update 3/1/08: The CD rates have fallen. Please check the institution's website for the latest rates.

Mountain America Credit Union is offering a special 4.65% APY 15-month certificate. There's also a special 9-month certificate with a yield of 4.50% APY. The credit union also has competitive standard CD rates with a top rate of 4.50% APY for a 5-year term. IRA CD rates are up to 4.65% APY. The minimum deposit is $1,000. Please see the credit union's rate table for the full details. Note, their name for CDs is term deposits.

I contacted the CSR using their online chat system. The CSR said that these rates should remain available until February 29th. Once your membership has been established, you should be able to open these CDs when logged into your account or by phone.

The credit union has a pretty good FAQ system. Here are some relevant ones for CDs: wire transfer info and CD early withdrawal penalties.

Credit union membership is open to members of the American Consumer Council. Council membership costs $12, and is open to anyone. This council is listed in the credit union's Select Employee Groups & Affiliated Associations page. According to the CSR, members of the Council are qualified for membership into the credit union. The CSR also stated that one could join the credit union via their online application. Membership requires a minimum deposit of $25 into the share savings account. I haven't tried applying, so if you find problems in the application process, please leave a comment.

Branches are located throughout Utah. I've also located a branch in both Phoenix, Arizona and Las Vegas, Nevada. The credit union is federally insured by the NCUA (Charter # 24692). It's a large credit union with $2.27 billion in assets and 257,282 members.
  Tags: Utah, CD rates, Mountain America Credit Union, IRA rates

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