2.50% 18-Month CD at South Jersey Federal Credit Union - Local Only

South Jersey Federal Credit Union has an 18-month CD special with a 2.50% APY. It's available as both a regular and IRA share certificate. Minimum deposit is $10,000. This rate is listed at the credit union's rate table as of 7/02/09.

My last post on this credit union was in May when they were offering a 4.07% 60-month CD. The CD rates have fallen, but they remain competitive especially for a minimum deposit of $50K. They continue to offer a competitive rate on their SUPER Money Market account. As of 7/02/09, the rate is 2.02% APY with a $25K minimum deposit.

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. There's also a new branch at Moorestown.

The credit union is federally insured by the NCUA (Charter # 3951).

Thanks to the readers who emailed me news of the special and the new branch.

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Tags: South Jersey Federal Credit Union, CD rates, New Jersey, IRA rates