Dedicated to Deposits: Deals, Data, and Discussion

2.65% 6-Month CD at Union Federal Savings Bank in Rhode Island

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Union Federal Savings Bank
Union Federal Savings Bank is offering a 2.65% APY 6-month CD. There's also a fairly competitive 12-month CD with a rate of 2.55% APY. Minimum deposit is only $100. These rates are listed in the bank's CD rate table as of 4/19/09.

Union Federal Savings Bank has been offering a nationwide high-yield internet money market account since the summer of 2008. The yield remains competitive at 2.25% APY as of 4/19/09.

Even though the money market account is available nationwide, these CDs appear to require a branch visit. The bank is located in North Providence, Rhode Island.

Union Federal Savings Bank was established in 2001, and is FDIC insured (FDIC Certificate # 57189). Its ratings for safety and soundness have dropped a little since last year. It now has a 3 star rating (adequate) at BauerFinancial and 2 star rating (below peer group) at Bankrate. Both ratings are based on 12/31/08 financial data.

Other High Certificate of Deposit Rates

For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.
  Tags: Union Federal Savings Bank , CD rates, Rhode Island

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