Dedicated to Deposits: Deals, Data, and Discussion

4.50% 12-Month & 6-Month CD at CorePlus FCU in Connecticut


CorePlus Federal Credit Union is having a promotion called the Step-Back In Time Certificates. The promotion is scheduled to end on 12/31/08. The two most competititve CDs in this promotion have an APY of 4.50% for terms of 6 and 12 months. Others include a 4.35% APY 18-month CD and a 4.30% APY for terms of 2, 3 and 4 years. Minimum deposit is $500, and the maximum deposit is $75,000. Limit of one Step-Back CD per member. These rates are listed in the credit union's rate table as of 12/30/08. This promotion has additional requirements which are described in the rate and fee schedule:
Loyalty participation Step-Back rates apply to any existing or new members who meet and/or maintain any 2 of the following conditions for the life of the certificate: active share draft account with debit card (avg. 10 transactions/month, 3 using debit card), money market account with avg. bal. of at least $2,000, direct deposit or payroll deduction of at least $500, automatic funds transfer for loan payment, a loan with no delinquency in the previous 6 month period, active credit card (avg. 1 transaction per month), another certificate with CorePlus.

The reader who mentioned this promotion suggested qualifying by opening the money market account with $2,000 balance and opening a non-Step-Back CD (APY ~ 3%) with the minimum deposit of $500.

Membership is open to anyone who lives, works, worships, or attends school in New London County or Windham County, Connecticut. Please refer to their how-to-join page for the full details. Membership requires a $5 minimum balance in the savings account.

Branches are located in Norwich, Groton, East Lyme, New London and Plainfield, CT. The credit union is federally insured by the NCUA (Charter # 1148).

Thanks to the reader who mentioned this promotion in the comments.

Related Pages: CD rates, Connecticut

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