Stanford Federal Credit Union is offering a few competitive share certificate rates. The best is the 2-year CD with yields that range from 2.22% APY for a $1K minimum to 2.43% APY for a $100K minimum. Other competitive ones include an 18-month CD with a top rate of 1.92% APY and a 3-year CD with a top rate of 2.48% APY.
IRA CD rates are even higher with top 24-month CD rate of 2.84% APY.
There's also a step-up 25-month CD with rates a little lower than the 24-month CDs. Another good deal is the Health Savings Account (HSA) which has a 4.86% APY.
These rates are listed at the credit union's certificates page and deposits page as of 6:30am CDT 5/22/2010.
According to the credit union's membership page
Not a part of the Stanford community, not a problem. By joining the Museum of American Heritage (MOAH) or Friends of Palo Alto Libraries (FOPAL) you will become eligible to become a member of Stanford Federal Credit Union
Credit union membership requires a minimum $50 balance in an account.
Branches are located in Stanford and Palo Alto, California. The credit union is also a member of CU Service Centers which allows you to perform many transactions at branches of other credit unions which are part of the network.
The credit union's ratings for safety and soundness are a little mixed: 4 stars (excellent) at BauerFinancial, 2 stars (below peer group) at Bankrate.com and an overall health score of 3 out of 5 at DepositAccounts.com (see our Stanford FCU rates and reviews page). The credit union is federally insured by the NCUA (Charter # 13392).
Note, Stanford Federal Credit Union has no affiliation with Stanford International Bank that was accused of a fraud by the SEC on February 2009. I'm sure Stanford University and the credit union weren't happy about the name similarity.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.