Update 6/20/09: The 60-month CD and MMA rates have fallen. Please check the credit union's website for the latest rates.
South Jersey Federal Credit Union cut their rates since my March post but they continue to offer competitive CD rates. These include a 2.63% APY for 12 months and 4.07% APY for 5 years. Minimum deposit is $50,000. Lower rates are available for a $20,000 minimum and a $1,000 minimum deposit. The same rates are also available for IRA certificates. There's also a money market account with a very competitive rate: 2.53% APY for a minimum deposit of $25,000. These rates are listed at the credit union's rate table as of 5/17/09.
Membership is open to anyone who lives, works, worships or attends school in any of the following New Jersey communities: Atlantic City, Bridgeton, Camden, Millville, Pleasantville, Salem and Vineland. You can also be eligible via select employers or via family. Please see their membership eligibility page for more details. Membership requires a one-time $10 fee and a minimum deposit of $25 into the Statement Savings account.
Branches are located in the New Jersey cities of Deptford, Camden, Pleasantville, Egg Harbor Township, Vineland and Voorhees.
The credit union is federally insured by the NCUA (Charter # 3951).
Thanks to the reader who emailed me news of these rates.
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.