Update 3/22/08: The special 28-month IRA CD rate has fallen from 5.08% to 4.58% APY. The title has been modified to reflect this change.
Nassau Educators FCU is offering a special. 5.08% APY 28-month IRA term certificate. The minimum deposit is $500. There's also a bump-up feature that allows one rate bump-up during the term to the then-corresponding 2-year IRA term certificate rate. The promotion is scheduled to last through April 15, 2008, but the rate is not guaranteed to remain at 5.08% APY. The early withdrawal penalty is 90 days of interest.
Membership is open to a wide range of Nassau County professionals, school employees and students. Please refer to their Membership page for the full details. Membership requires a minimum deposit of $5 in the share savings account. An online application is provided.
Branches are located in the New York cities of Westbury, Valley Stream, Massapequa, Plainview, Syosset, Rockville Centre and Brookville. The credit union is federally insured by the NCUA (Charter # 2760). It has $1.1 billion in assets and 121,678 members.