Dedicated to Deposits: Deals, Data, and Discussion

4.00% 23-Month CD at an Indiana Credit Union Continues (Horizon One)

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Update 6/28/08: The special CD yield has fallen from 4.25% to 4.00% APY. The title has been modified to reflect this change.

Horizon One FCU continues to offer a special 23-month certificate with a yield of 4.25% APY. The credit union requires you to have an additional $500 on deposit in one other savings product to quality for this rate. More details are provided at the bottom of the rate table. I first reported on this CD special in April when the yield was 4%.

Membership is open to those who live, work or worship in downtown Indianapolis. This isn't listed in their Membership page. When this credit union was offering a 6% CD last July, I called the credit union and the CSR informed me of their field of membership. Relatives of members are also eligible. Membership requires a minimum deposit of $5 into the share savings account.

The credit union is federally insured by the NCUA (Charter # 6435). It has $68.0 million in assets and 11,119 members.

Other High Certificate of Deposit Rates

The highest 24-month CD rate available nationwide is currently 4.15% APY from OnBank (an internet division of M&T Bank). This can be opened and funded online. For a list of CD rates and links to the banks, please refer to my latest CD rate summary.

Related Pages: Indiana, CD rates

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