Dedicated to Deposits: Deals, Data, and Discussion

4.00% 4-Month CD & 3.50% 15-Month CD at Highgrove Community FCU in Minnesota

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Highgrove Community Federal Credit Union has a CD promotion with two very competitive rates: 4.00% APY for 4 months and 3.50% APY for 15 months. Minimum deposit is $5,000 with new funds. This special doesn't seem to be listed on the credit union's website. A reader emailed me info on this, and I just called for additional details. According to the CSR, this promotion is scheduled to last through March 2009.

The credit union also has competitive standard rates. These include a 3.04% APY 6-month CD, a 3.30% APY 12-month CD, a 3.56% APY 2-year CD and a 3.81% APY 36-month CD. Minimum deposit is $500. I confirmed these standard rates with the CSR, and these rates are also listed in the credit union's rate table as of 2/12/09

Membership is open to those who live, work, attend school or worship in St. Paul, Minnesota. Please refer to the credit union's Who Can Join Page for the full details. Membership requires a minimum balance of $10 in the share savings account.

The credit union's ratings for safety and soundness are a little weak: 3 stars (adequate) 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 # 24364).

  Tags: Minnesota, CD rates

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