Dedicated to Deposits: Deals, Data, and Discussion

2.75% 24-Month CD & 3.00% 36-Month CD at First Priority Credit Union in MA - Local Only

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Update 11/07/09: The 24-month CD rate has fallen to 1.80% APY.

First Priority Credit Union had been offering a hot 9-month special CD with a 3% APY, but that didn't last long. However, they continue to offer very competitive mid-term and long-term CD rates. These include a 2.75% APY 2-year CD, a 3.00% APY 3-year CD and a 3.50% APY 5-year CD. Minimum deposit is $1,000. These are also available as IRA certificates. These rates are listed in the credit union's rates page as of 9/18/09.

First Priority has a history of offering top rates on its regular and special certificates.

Membership is open to those who live and work in Massachusetts' Essex County or Suffolk County. Also eligible are employees, retirees and family members of the Postal Community. Please refer to the credit union's Membership page for more details. Membership requires a minimum deposit of $25 into your share savings account.

Branches are located in Boston, East Boston, Lowell and Waltham, MA.

The credit union has some strong ratings for soundness: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 66593).

Other Competitive Certificate of Deposit Rates

  Tags: Massachusetts, First Priority Credit Union, CD rates, IRA rates

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Comments
5 Comments.
Comment #1 by scott (anonymous) posted on
scott
Sorry, I think I helped kill the 9 month 3%, They stopped offering right after I opened and since they are a small CU, $100 Million in assets, I probably helped them reach the mark on the promo. I did open the 24 Month 2.75% this week. Was told it's only 90 days loss of interest if you close early, Not bad for a 2 year CD

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Glad at least one Bank Deals reader was able to get this deal before it ended. A 90-day early withdrawal penalty is very good for a 2-year CD. 180-day seems to be the most common. Thanks for the info.

1
Comment #3 by acemeth (anonymous) posted on
acemeth
Thank you for the information you have a great site. This is a good CU to do business with-very happy with 2 year cd

1
Comment #4 by scott (anonymous) posted on
scott
Just opened another CD, 36 month 3%.Was surprised when I saw on the paperwork that early withdrawal penalty is only 90 days for a 3 year CD

1
Comment #5 by Banking Guy (anonymous) posted on
Banking Guy
That is a great deal. If you break the CD in 1-year, it'll be like a 2.25% 1yr CD.

1