Dedicated to Deposits: Deals, Data, and Discussion

3.25% 6-Month Jumbo CD at Teachers Federal Credit Union in New York

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Teachers Federal Credit Union
Teachers Federal Credit Union is offering a special 6-month Jumbo certificate with an APY of 3.25%. Minimum deposit for Jumbos is $100,00. There's also a fairly competitive 12-month CD with an APY of 2.90%. Minimum deposit is $1,000. An extra 0.10% applies to new funds deposited into IRA certificates. These rates are listed in the credit union's rate table as of 2/2/2009. The certificate rate table has an effective date of 1/30/2009.

Membership is open to those who live, work or worship in parts of Suffolk County. Also eligible are employees, students, family members and volunteers of Suffolk County schools, colleges and other sponsor groups. Please refer to the credit union's Membership Eligibility page for the full details. Membership requires a $1 deposit in the Share Savings Account.

Teachers FCU has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The credit union federally insured by the NCUA (Charter # 8116). It's a large credit union with $2.6 billion in assets and 185,682 members.

  Tags: New York, Teachers Federal Credit Union, CD rates, IRA rates

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