Dedicated to Deposits: Deals, Data, and Discussion

5.50% 24-Month CD at a New York CU (Buffalo Metropolitan).

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Update 3/22/08: The CD special has ended.

Buffalo Metropolitan Federal Credit Union is offering a special 5.50% APY 24-month share certificate. Minimum deposit is $500. As you might expect with this high yield, there are some catches. Checking account with Direct Deposit is required for the entire term. Initial Direct Deposit must be made within 30 days from the date opened. In the event the Direct Deposit is not maintained, the Share Certificate will be transferred to their Share Account. Dividends paid at maturity.

Membership is open to those who live, work, worship or attend school in Erie County, New York. Please refer to their Membership page for more details. Membership requires a minimum deposit of $25 in your share savings account.

The main branch is located in Buffalo, NY. The credit union is federally insured by the NCUA (Charter # 2209). It has $50.2 million in assets and 14,648 members.

  Tags: New York, CD rates

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