2.75% 18-Month CD & 4.00% 60-Month CD at Greylock FCU in MA - Local Only

Greylock Federal Credit Union has a CD promotion called One Way CD with some very competitive rates. These include:

• 4.00% APY 60 months
• 3.25% APY 36 months
• 2.75% APY 18 months

These are listed in the credit union's promotions page as of 12/08/09. The small print states that rates are based on Prime rate and subject to change. However, the promo states that they "only go up, they never come down." Minimum deposit is $1,000.

The credit union also has some very competitive regular CD rates including a 2% APY 6-month CD and a 2.50% APY 24-month CD. Minimum deposit is $1,000. These rates are listed in the certificate rate page as of 12/08/09. IRA CDs have rates 10 basis points higher.

Membership is open to anyone who lives, works, worships or attends school in Berkshire County, Massachusetts. Please see their Who Can Join page for more details. Membership requires a minimum balance of $5 in the share savings account.

Branches are located in the cities of Pittsfield, Adams, North Adams, Lee, Great Barrington and Williamstown.

The credit union's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 24560). It's a large credit union with over $1 billion in assets.

Other Competitive Certificate of Deposit Rates

• CD rates at DepositAccounts.com
• My weekly list of hot nationwide and local CD deals

Tags: Massachusetts, CD rates, IRA rates, Greylock Federal Credit Union