Dedicated to Deposits: Deals, Data, and Discussion

2.00% 12-Month CD at RTN Federal Credit Union in MA

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RTN Federal Credit Union
RTN Federal Credit Union is offering a 2.00% APY 12-month certificate. Minimum deposit is $50,000. Balances from $1K to under $50K earn only 1.55% APY. It's also available as an IRA CD. These rates are listed in the credit union's rate table as of 1/08/2010.

In addition to select employee groups, you can also qualify for membership in this credit union if you belong to certain organization groups. Refer to the credit union membership page for more details. The sponsors group list has all the eligible employers and organizations. Two organizations which appear open to all are the Gore Place Society or the Waltham Historical Society. Individual membership for the Gore Place Society is $30. Note, it's always best to check with the credit union about an organization to ensure membership will make you eligible to join the credit union. There have been cases at other credit unions in which they changed the listed requirement from membership of an organization to an employee of that organization.

You can tell this credit union was originally set up to serve Raytheon employees. Many of the branches are located in Raytheon facilities. Branches that are publicly available are located in the Massachusetts cities of Amesbury, Danvers, Marlborough, Tekksbury and Waltham.

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 # 24311).

Other Competitive Certificate of Deposit Rates
  Tags: Massachusetts, RTN Federal Credit Union, CD rates, IRA rates

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