4.33% 36-Month / 4.59% 48-Month CD at a New Jersey CU (Garden Savings)

Garden Savings FCU still has some attractive rates on its share certificates. These include a 3.50% APY 9-month CD, a 3.81% APY 18-month CD, a 4.33% APY 36-month CD and a 4.59% APY CD with terms of 48 and 60 months. The minimum deposit is $500. These same rates are also available for the IRA CDs.

My last report on this credit union was in January when the CD rates were over 5%. So this credit union has a history of competitive rates.

Membership is open to those who live, work, worship, or attend school in Newark, Elizabeth, or Jersey City. In addition, you can be eligible to join via Select Employer Groups and via family. Please refer to their membership page for more details. Membership requires a minimum deposit of $5 into the share savings account.

Branches are located in Parsippany, Newark, Whippany, Montville and Morristown, NJ. The credit union is federally insured by the NCUA (Charter # 18710). It has $164.1 million in assets and 16,788 members.

Tags: Garden Savings Federal Credit Union, CD rates, New Jersey, IRA rates