4.04% 9-Month CD at First New England FCU - Easy Membership

Update 1/24/09: The special 9-month CD rates have gone down. Please refer to the credit union's website for the latest rates.

First New England Federal Credit Union is offering a special 4.04% APY 9-month CD. Minimum deposit is $10,000, and it requires an Advantage relationship account. Without this, the APY is 3.78%. There's also a special 18-month CD with rates 25 basis points lower. These specials are listed in the credit union's rate table as of 12/26/08.

Membership is open to Friends of the Lucy Robbins Welles Library. The online application allows you to select the option to join this library association. Refer to my September post on this credit union for details about joining this credit union and opening accounts. I recommend checking with the credit union for the latest instructions.

The Share Savings Account is required for membership, and it has a minimum deposit of $10. For more details on credit union membership, please refer to their Who-Can-Join page.

This credit union also offers a reward checking account that currently pays 5.15% APY on balances up to $25K (see post).

Branches are located in the Connecticut cities of East Hartford, Vernon and Newington. The credit union is federally insured by the NCUA (Charter # 2601).