Members Plus Credit Union is having a new-branch special with some good deposit deals. The first one is a $100 bonus for opening a checking account and establishing direct deposit. The $100 will be deposited into your account after 3 consecutive months of direct deposit from May through August, 2011. Offer is valid through 4/30/2011.
The CD special is a 1.11% APY 7-month CD. Minimum deposit is $500, and like the checking bonus, the special is scheduled to last through 4/30/2011.
These specials don't seem to be listed in the credit union's website. They were advertised in the April 1st edition of a Boston newspaper. The ad is available online here.
The credit union also has some competitive standard CD rates. The two best are the 2-year CD with a 1.77% APY and the 3-year CD with a 2.02% APY. These rates are listed in the credit union's rates page as of 4/4/2011.
Credit union membership is open to anyone who lives, works, or belongs to a religious or social organization located within Middlesex, Norfolk, Plymouth, and Suffolk counties. Please refer to the credit union's membership page for more details. A minimum balance of $25 in the share savings account is required for membership.
Members Plus Credit Union branches are located in the Massachusetts cities of Medford, Dorchester, and Norwood.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 5.44% (excellent) based on December 2010 data. Please refer to our financial overview of Members Plus Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 66706).
Other Bank Bonuses
To find other bonus deals at other banks and credit unions, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.