Pinnacle Federal Credit Union is offering a special 4.00% APY 18-month share certificate. Minimum deposit is $500. The 4% requires a checking account with direct deposit. Otherwise the APY will be 3.75% which is still very competitive. The CD is listed at the credit union's front page with a number to call for more details. I called the credit union yesterday for the above details. The CSR didn't know how much longer it would last. This special has been listed since January 7th.
The credit union also has a reward checking account that currently pays 4.07% APY on balances up to $30K (see post).
Membership is open to employees of several Select Employer Groups. The credit union's About Page doesn't provide too many details. According to the CSR, you can also be eligible if you're a member of the American Consumer Council (ACC). I was told they can mail you the application for both the credit union and the ACC.
Branches are located in the New Jersey cities of Manchester, Edison, Fairfield and Somerset.
The credit union's ratings for saftey and soundness are mixed: 4 stars (excellent) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/08 financial data. The credit union is federally insured by the NCUA (Charter # 15095).
Other Top CD Rates
For other recent New Jersey CD deals, refer to my New Jersey CD and Deals page. For other states, refer to my index of State CD Deals. Refer to this page for recent CDs available nationwide, and my weekly rate summary for the best CD rates available nationwide.