Granite Credit Union is offering two top long-term CD rates: a 2.77% APY 5-year CD and 3.03% APY 7-year CD. Minimum deposit is $1,000. The rates go down considerably for shorter terms. The CD rates for terms of 2-years and under are not competitive. Minimum deposit is $1,000. These rates are listed in the credit union's CD rates page as of 1/20/2011.
As compared to internet banks on 1/20/2011, the best 5-year CD rate is 2.75% APY at Salem Five and the best 7-year CD rate is 2.70% APY at Discover Bank. For credit unions with easy membership, the best 5-year CD rate is 2.93% APY at Melrose Credit Union and the best 7-year CD rate is 3.00% APY at Pentagon Federal Credit Union.
Membership is available to anyone who lives, works, attends school, volunteers or worships in Salt Lake County. Please refer to the credit union's membership page for the full details. Membership requires a minimum balance of $25 in share savings account.
Branches are located in Salt Lake City, Riverton, West Jordan, Sandy, Midvale, West Valley City and South Jordan. Granite is also a member of the Credit Union Service Centers which allows you to perform many banking transactions at credit unions around the nation.
Granite Credit Union has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 28.17% (above average) based on September 2010 data. Please refer to our financial overview of Granite Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 24726).
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.