Dedicated to Deposits: Deals, Data, and Discussion

3.85% 6-Year CD at Kemba Credit Union in Ohio - Local Only

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Kemba Credit Union
Kemba Credit Union has a special 72-month CD with a 3.85% APY. This is listed at the credit union's home page and in its savings rates page as of 12/07/09.

A 6-year term is long when rates are so low, but if you need a long-term CD for a CD ladder, this is one of the best long-term rates available.

Kemba also has a reward checking account that pays 3.50% APY on balances up to $25K as of 12/07/09 (see post). It may seem like this checking account would be a much better deal than the CD. However, as we learned this year, there's no guarantee that the reward checking rates will hold.

Membership is open to those who live, work, worship or attend school in one of the following Ohio counties: Brown, Butler, Clark, Clermont, Clinton, Greene, Hamilton, Highland, Miami, Montgomery, Preble and Warren. Refer to the credit union's eligibility page for the full details. Membership requires a minimum balance of $5 in the savings account.

Branches are located in Ohio cities of Cincinnati, Amelia, Harrison, West Chester and the Indiana city of Bluffton.

The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 61810).

Other Competitive Certificate of Deposit Rates
  Tags: CD rates, Kemba Credit Union, Ohio

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