The credit union also has a CD special with competitive rates for larger balances. These rates are more inline with the current rate environment. Rates for 11-month and 17-month terms include 2.80% APY for a minimum deposit of $50K, 2.65% APY for a $25K minimum and a 2.40% APY for a $500 minimum. Maximum deposit is $250,000 per social security number. The offer is listed in this promotions page. Like the other special, it's scheduled to end on 3/31/09.
And there's another special for IRA CDs. Rates include 3.00% APY for 24 months, 3.20% APY for 36 months and 3.30% APY for 48 months. Minimum deposit is $10K. The offer is listed in this promotions page and is scheduled to end on 3/31/09.
The credit union also offers a high yield reward checking account. Its yield is 5.01% APY for balances up to $25K as of 3/29/09 (see post).
Membership is open to anyone who lives, works, worships or attends school in Fairfield, Litchfield or New Haven County Connecticut. You can also be eligible via select employer groups and family. Please refer to the credit union's Who Can Join Page for more details. Membership requires a minimum balance of $5 in the savings account.
Branches are located in the Connecticut cities of Wilton, Norwalk, Brookfield, Danbury, Stratford, Watertown, Danbury and Cheshire.
The credit union is federally insured by the NCUA (Charter # 68479).