2.00% 7-Month CD & 2.50% 18-Month CD at Leominster Credit Union in MA - Local Only

Leominster Credit Union is offering a special 7-month CD with a 2.00% APY. Minimum deposit is $1,000. Some of the credit union's standard CDs are also competitive. These include a 2.50% APY 18-month CD and a 2.75% APY 2-year CD. The standard CDs are also available in an IRA. These rates are listed in the credit union's rate table as of 8/04/09.

This credit union has a history of competitive CD rates. My last CD post on this credit union was in March when it was offering a 3% 13-month special CD. The credit union also offers a reward checking account that currently pays 4.01% APY on balances up to $25,000 with the rate guaranteed to last until 11/01/09 (see post).

Membership is open to those who live, work, or have business in Worcester, Middlesex, Norfolk, Hampden, Franklin, or Hampshire Counties in Massachusetts. Refer to the credit union's Membership Eligibility Page for the full details. Membership requires maintaining a minimum $25 in a deposit account.

Branches are located in the cities of Leominster, Worcester, Clinton, Holden and Sterling.

The credit union has some decent ratings for soundness: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The credit union is federally insured by the NCUA (Charter # 66699).

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