Top 9-Month CD Rate at Miami Postal Service Credit Union - Local Only

Miami Postal Service Credit Union continues to offer a very competitive 9-month CD with a 1.76% APY. Minimum deposit is $5,000 which is considered a Jumbo deposit (smallest Jumbo CD that I've seen). The regular 9-month CD has a 1.56% APY with a minimum deposit of $1,000. Some of their other CD rates are also competitive including their 1.56% APY 12-month CD and 1.76% APY 18-month CD. These rates are listed at the credit union's deposit rates page as of 6/08/2010. Since there's an old date on this page, I called the credit union this morning and confirmed these rates are up-to-date as of this morning.

I first posted on this deal in late 2009. At that time, this was a decent deal. Now it's a much better deal. It's hard to find 9-month CD rates over 1.30%.

In addition to postal employees and retirees, membership is open to everyone who lives, works or worships within a 15 mile radius of the three credit union branches. Membership is also open to Federal Government employees and their families. Please refer to the credit union's eligibility page for the full details. Membership requires a minimum $5 balance in the share savings account.

Branches are located in Miami, Hialeah and Pinecrest.

The credit union's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial (based on 3/31/10 data) and 3 stars (performing) at Bankrate.com (based on 12/31/09 data). The credit union is federally insured by the NCUA (Charter # 67330).