5% 5-Month CD ($25K Max) and $50 Money Market Account Bonus at Xceed Financial Credit Union.
Xceed Federal Credit Union is still listing a 5% APY 5-month special CD. A reader in my previous post mentioned that it has been extended to 5/30/08. There are some extra details about this CD at the bottom of their rate table. One significant detail is the $25,000 maximum deposit per member.
There's also a $50 bonus for opening a money market account with a minimum of $1,000. Offer expires May 31, 2008 and is limited to one account per household. This seems to be for their Prime Money Market account which has a low rate of 0.75% so you probably won't want to keep too much more than the $1,000 minimum balance.
Membership is open to members of several organizations. One is the Friends of the Webster Public Library which anyone can join for a $8 fee ($5 for those 60 and over). Another is the Heal the Bay. Anyone can join this with a $35 fee ($10 for students).
You can also be eligible to join the credit union without joining an association if you live, work, worship or attend school in the Texas cities of Dallas, Carrollton, Farmers Branch, Irving or Lewisville, in Greater Rochester, New York, in Rosemont, Illinois, in San Jose, California or in St. Petersburg, Florida.
You can also be eligible to join based on Select Employer Groups which include Xerox and OfficeMax.
For the full details of credit union eligibility, please refer to their Membership page. Membership requires a minimum deposit of $5 in the Membership Savings account.
Branches seem to be located in or near all of the cities mentioned above in the field of membership. The credit union has recently changed it's name. The name used to be Xerox FCU. The credit union is federally insured by the NCUA (Charter # 20068). It has $771.1 million in assets and 77,486 members.
Thanks the reader who mentioned this money market bonus. If you find some good bank deals or other banking news, please leave a comment in the finding-the-best-deals post.
[Edit 4/21/08: Removed info about grace period and renewal. Fine print states that it'll automatically roll into the savings account.]