People's Alliance Federal Credit Union is offering a fairly competitive 5-year CD with a 2.97% APY. Minimum deposit is $500. This rate is listed in the bank's rates page as of 8/13/2010.
Membership is open to those who live, work, worship or attend school in several areas of New York including parts of Brooklyn, New York, and in Miami and Hialeah, Florida. You can also be eligible via Select Employer groups and via family. Please refer to the credit union's Membership page for more details. Membership requires a minimum deposit of $50 into the prime share savings account.
Branches are located in the New York cities of Jamaica, Brooklyn, Bronxville, Ronkonkoma, Westbury, Yonkers and Hauppauge, and in Miami, Florida.
The credit union's ratings for safety and soundness are a little above average: 4 stars (excellent) at BauerFinancial, 3 stars (performing) at BauerFinancial and an overall health score of 3 out of 5 at DepositAccounts.com (see our financial overview of People's Alliance Credit Union). The credit union is federally insured by the NCUA (Charter # 3633).
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.