Bay Ridge Federal Credit Union is offering several competitive CD rates. These range from 4.00% APY for a 6-month term to 5.25% APY for a 5-year term. Minimum deposit is $20,000. These are also available in an IRA certificate with only a $500 minimum. A $500 minimum in the regular certificates result in rates 25 basis points lower. The full list of CD rates are shown below. This is based on the credit union's rate table as of 12/07/08:
Term APY for $20K min
6 months 4.00%
12 months 4.25%
24 months 4.50%
36 months 4.75%
48 months 5.00%
60 months 5.25%
A reader who mentioned these rates in the comments (thanks), also mentioned a special 4.25% APY 7-month CD that is being advertised by the credit union. It's not listed on the website.
Membership eligibility is primarily based on association membership and employer groups. Please refer to the credit union's Membership Page for details. There are some associations listed, but I'm not sure how easy it would be to join these.
The credit union is located in Brooklyn, New York. It's federally insured by the NCUA (Charter # 78).