LOMTO Federal Credit Union is listing several competitive certificate rates. The following rates are listed in the credit union's certificates of deposit page as of 6/02/09:
- 2.60% APY 6 months
- 3.00% APY 12 months
- 3.10% APY 24 months
- 3.25% APY 36 months
- 3.50% APY 48 months
- 3.90% APY 60 months
Membership is open to anyone who lives, works, worships, attends school in parts of the west side of Manhattan. Please see the credit union's membership page for more details. Credit union membership requires a $3 fee and a minimum deposit of $25 in your share savings account. A reader in a previous LOMTO FCU post mentioned some very high membership fees. However, according to the CSR, that would be if you wanted to qualify for membership by joining LOMTO Inc. Please refer to the LOMTO Inc. membership page for more details.
The credit union's office is located on 577 9th Avenue, New York, NY.
The credit union has solid ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 12/31/08 financial data. The credit union is federally insured by the NCUA (Charter # 1532).
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.