Dedicated to Deposits: Deals, Data, and Discussion

5.00% 5-Month CD at Mississippi Federal Credit Union

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Mississippi Federal Credit Union is offering a 50th Anniversary CD special with a very competitive yield of 5.00% APY. The term is 5 months, and the minimum deposit is $500. The special is listed at the credit union's home page. I just called, and according to the CSR there's no maximum deposit and no checking account requirement. The special is scheduled to last through November 26, 2008.

Unfortunately, there doesn't seem to be any easy way to qualify for membership. Membership is limited to various select employer groups. Also, employees, students and alumni of the University of Mississippi and the University of Mississippi Medical Center are eligible. Please refer to the credit union's Who Can Join Page for the full details. Membership requires a minimum balance of $25 in the share savings account.

Branches are located in Jackson and University, MS. The credit union is federally insured by the NCUA (Charter # 24585).
  Tags: Mississippi, CD rates

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