Dedicated to Deposits: Deals, Data, and Discussion

5.00% 9-Month CD at Ledge Light FCU in Connecticut

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Update 11/28/08: The 5% CD special has ended. Please check with the credit union for the latest rates and specials.

Ledge Light Federal Credit Union has a very competitive certificate promotion listed at its website as of 11/23/08. The special certificate has a yield of 5.00% APY and a term of 9 months. The minimum deposit is $20,000. Lower rates are available for smaller deposits: 4.00% APY for $500 and 4.50% APY for $10,000.

One thing that's a little confusing is that it describes the CD as a Term Share Certificate (Traditional and IRA). I assume it's available as both a regular certificate and an IRA certificate. They do offer both Traditional and Roth IRAs so the term "Traditional" for this case is confusing.

Membership is open to those who live, work, worship or attend school in parts of New London County, Connecticut. You also can qualify via select employer groups and family. Please refer to the credit union's Membership Page for the full details. Membership requires a $25 minimum balance in the share savings account.

Branches are located in Groton and New London. The credit union is federally insured by the NCUA (Charter # 24029)

  Tags: CD rates, IRA rates, Connecticut

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Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
I see quite a few national companies on the field of membership page. Especially temp agencies like Manpower, Volt, Tek Systems and others.

1
Comment #2 by Anonymous posted on
Anonymous
I just called Ledgelight to open a CD. Apparently their 5% offer ended yesterday :(

1
Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Thanks. Sorry to see them end it so soon.

1