State Department Federal Credit Union (SDFCU) will be offering a special 7.00% APY 7-month share certificate for one day only on February 7, 2008. The minimum and maximum deposit is $7,000, and it's only for new members. Only one certificate per member is allowed.
The credit union is still listing a 5.35% APY 15-month share certificate in its rate table. Please see my December post for more details.
Since each member is allowed one certificate, a wife and husband should be able open one each for a total maximum deposit of $14K. At 7% for 7 months, that'll earn about $245 over a 4% account. Another plus with this special is that it doesn't seem to require a checking account.
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.