4.54% 12-Month CD at New Horizons Credit Union in Alabama

New Horizons Credit Union is offering a very competitive 12-month certificate yield of 4.54% APY (rate of 4.45%). Minimum deposit is $500. This is also available as an IRA certificate. Since the rate table has a 10/22/08 date, I called and confirmed this is still available as of 11/20/08. It's subject to change daily.

The credit union is also offering a reward checking account that's paying 5.51% APY as of 11/20/08 (see my account review).

Membership is open to those who live, work or attend school in Mobile, Baldwin, Washington, Clarke, Monroe or Escambia County, Alabama. Please refer to the credit union's Membership Page for more details. Membership requires a minimum balance of $25 in the regular savings account.

The credit union's financial ratings for soundness appear strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 6/30/08 data.

Branches are located in Mobile and in nearby cities of Semmes, Prichard, Theodore and Daphne. New Horizons Credit Union is federally insured by the NCUA (Charter # 60799).

Tags: Alabama, New Horizons Credit Union, CD rates, IRA rates