Update 2/12/11: The CD and MMA rates have fallen. However, the 3-year CD rate remains the same.
- 1.75% APY Share Plus Money Market
- 1.78% APY 6-month CD
- 2.03% APY 1-year CD
- 2.53% APY 3-year CD
- 3.29% APY 5-year CD
When I last reported on this credit union in December, the 12-month CD yield was only 1.51% and the 5-year CD yield was only 2.78%. The rates went up by so much that it made me suspicious. I called this morning, and I was told these rates are correct. They just changed this week.
Minimum deposit for the CDs is $500. According to the credit union's share savings certificates page the penalty for early withdrawal is 90 days dividends for terms of 6 to 12 months, and 180 days dividends for terms of 24 to 60 months.
The Share Plus Money Market account requires a minimum balance of $2,000 to qualify for the top rate. A monthly service fee is charged for balances under $500.
These rates are way above the best CD and money market rates available nationwide. The best rate 1-year and 5-year CD rates are 1.75% and 3.00% APY from Connexus Credit Union (requires an active checking). The best rate without a balance cap on a liquid account is 1.51% APY on a checking account at The Morrill and Janes Bank and Trust.
Membership in Credit Union of Atlanta is open to residents in parts of Atlanta, Georgia. You can also be eligible to join via select employer groups. The credit union used to be the Atlanta City Employees Credit Union so as you would expect, the employer groups include employees of the City of Atlanta and Fulton County. Please refer to the credit union's membership page for the full details.
The credit union has an overall health score at DepositAccounts.com of 5 out of 5 with a Texas Ratio of 5.72% (excellent) based on September 2010 data. Please refer to our financial overview of Credit Union of Atlanta for more details. The credit union is federally insured by the NCUA (Charter # 67383).
Searching for the Best CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following tables at DepositAccounts.com: