4.25% 8-Month CD at Suffolk FCU in New York (and iPod Checking Account Bonus)

Suffolk Federal Credit Union is offering a special 8-month share certificate with a yield of 4.25% APY. The minimum deposit is $500. The credit union also has a competitive rate on its 5-year certificate. The yield is 5% APY with a minimum deposit of $500. This isn't a special offer, and it's available as a regular, IRA or SEP certificate. Please refer to the credit union's rate table for more details.

The credit union also has a checking account promotion in which you can receive a free 2GB iPod Shuffle. It requires a checking account that maintains a minimum balance of $100 and a minimum direct deposit of $200.

Membership is open to anyone who lives or works in Suffolk County, New York. Please refer to the credit union's About Page for more details. Membership requires a minimum balance of $5 in the regular share savings account.

Branches are located Medford, Commack, Islandia, Miller Place, Riverside and West Babylon, NY.

Suffolk FCU has some decent financial ratings for soundness: 5 stars (superior) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both are based on 6/30/08 data. The credit union is federally insured by the NCUA (Charter # 17914).

Tags: New York, CD rates, IRA rates, Suffolk Federal Credit Union