Dedicated to Deposits: Deals, Data, and Discussion

5.18% 36-Month / 4.68% 12-Month CD at a DC Credit Union (Washington Postal Employees).

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Update 4/19/08: The CD rates have fallen. Please check the credit union's website for the latest rates.

Washington Postal Employees FCU is listing some very high certificate rates. These include a 5.18% APY 36-month CD, a 4.95% APY 24-month CD and a 4.68% APY 12-month CD. The minimum deposit is $500. These are also available as IRA CDs. The rate table has a date of 3/31/08, so hopefully these rates are still available.

Unfortunately, the credit union has a small field of membership. As the name suggests, it's open to postal employees within the District of Columbia and their immediate families. I don't see any mention of other eligible groups. Please refer to their Membership page for more details. Membership requires a minimum $50 deposit in the share savings account and a $1 membership fee.

The credit union is federally insured by the NCUA (Charter # 16412). It has $18.0 million in assets and 3,332 members.
  Tags: CD rates, IRA rates

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