Dedicated to Deposits: Deals, Data, and Discussion

4.00% 6-Month / 3.75% 12-Month CD at a Hawaii Credit Union (Valley Isle Community)

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Update 4/05/08: The CD rates have again fallen. Please check the credit union's website for the latest rates.

Update 3/1/08: The CD rates have fallen. The 6-month CD yield has fallen from 4.75% to 4.00% APY, and the 12-month CD yield has fallen from 4.50% to 3.75% APY. The title has been modified to reflect this change.

Valley Isle Community Federal Credit Union is offering some competitive rates on its term share certificates. These include a 4.75% APY 6-month CD, a 4.50% APY 12-month CD and a 4.00% APY 24-month CD. The minimum deposit is $1,000.

I just called the credit union today, and I was told these rates are still valid. The CSR didn't know how long these would last.

Membership is open to anyone who lives or works on the island of Maui. Please refer to their Join-Us page for the full details. Membership requires a one-time fee of $1 and a minimum deposit of $5 in the share savings account.

The credit union is located in Kahului, Hawaii. It's federally insured by the NCUA (Charter # 3574). It has $77.2 million in assets and 9,101 members.

Other CD Deals

This is one of the very few good CD deals that I've found in Hawaii. Rates in Hawaii have tended to be below average. But these rates are way above average. As a comparison, the top 6, 12 and 24-month CD rates listed at Bankrate are 4.45% APY at Countrywide, 3.65% APY at First Internet Bank of Indiana and 3.75% APY at Eastern Savings Bank. On my latest CD list, the best deal with nationwide availability for 12 and 24 month CDs continues to be at Alliant Credit Union with a 4.90% APY 12-month CD and a 4.65% APY 24-month CD with a $25K minimum. Please see some of my previous posts for other 12 and 24 month CDs with potential nationwide access that have even better rates.

  Tags: Hawaii, CD rates

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