Update 3/1/08: The CD rate has fallen. The 15-month CD yield has fallen from 4.84% to 4.58% APY. The title has been modified to reflect this change.
State Department Federal Credit Union (SDFCU) has cut the rate on its 15-month certificate special, but it's still very competitive. The new yield is 4.84% APY. The minimum deposit is $5,000. They also have a special IRA certificate with a 5.00% APY and a 14-month term. This has a minimum deposit of $500. The IRA promotion is available through April 15, 2008.
SDFCU's standard CD rates are also very competitive with yields up to 4.58% APY for $500 minimums and 5.09% APY for $100K minimums. These are for a 60-month term. The 5.09% APY is also available for CapitalClub members.
Last week this credit union had a one-day 7% 7-month CD special with a $7K cap.
SDFCU's field of membership is primarily employer-based. In addition to the US Department of State, there are about a hundred other employers listed.
SDFCU's headquarters is in Alexandria, Virginia. Branches are located in Virginia, Maryland and Washington D.C. The credit union is federally insured by the NCUA (Charter # 435). It has $879.7 million in assets and 65,712 members.