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4.00% 15-Month CD at Digital Credit Union - Easy Membership


Digital Credit Union
Digital Credit Union (DCU) has some new certificate specials. These include a 4.00% APY 15-month CD, a 3.50% APY 9-month CD and a 3.05% APY 5-month CD. The minimum deposit is $500. These are also available as an IRA certificate.

It has been a while since DCU has offered a competitive CD special. My last post on DCU was in November 2007 when it was offering a special 5.20% 5-month CD special. Back in 2006 DCU had a long running 6% 16-month CD promotion.

For those who open a DCU CD, you might also want to consider their money market account. A reader in a previous post had recommended this. It has low interest rates, but it's a free account with no minimum balance requirements and the first order of checks is is free. This account can be used to efficiently extract your principal when your certificate matures.

Anyone can join DCU. This can be done online. In the first page of this online application, you can choose eligibility via selecting to join one of organizations. The least expensive membership is $15 for either the AAPD or the New England Chapter, PRRT&HS. Membership is only required when you join the credit union. Once you're a credit union member, you no longer have to maintain membership in the organization.

DCU is federally insured by the NCUA (Charter # 23521). It's a large credit union with $4.l billion in assets and 340,530 members.

Other High Certificate of Deposit Rates

Wachovia just started a CD promotion that includes a 4.25% APY 12-month CD (see post). For more high CD rates, please refer to my Nationwide CD rate summary.

  Tags: Digital Credit Union, CD rates, IRA rates

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Comment #1 by Anonymous posted on
Is this another credit union that does a hard pull just for opening a share account?

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
I don't know if things have changed, but in a 2006 post a reader left the following comment:

I've been a DCU CD customer for five years. Yet, when I recently added checking to my account, they did an Equifax inquiry on me.

Comment #3 by metrocard (anonymous) posted on
Another perk at DCU is the "no mail" deposit service called PC Deposit. After 30 days you can deposit $200/day, after signing up for bill pay on a checking account they'll raise that limit. Great for saving precious gas on branch visits for rebate checks and other small deposits.