Charter Oak Federal Credit Union is offering three competitive long-term CD and IRA CD rates: 2.00% APY for 3 years, 2.25% APY for 4 years and 2.30% APY for 5 years. Minimum deposit is $1,000. These rates are listed in the credit union's rates page as of 12/28/2011.
Charter Oak also has a nice deal on an 18-month CD with a 1.25% APY. However, it's only available to Gold Rewards Members. Details of how to qualify for this status is listed here. The credit union just announced a $100 annual bonus for Gold Rewards Members.
Credit union membership is open to anyone who lives, works, goes to school, volunteers, or worships in all cities and towns in New London County and Windham County, Connecticut. Please refer to the credit union's Who Can Join Page for the full details. Membership requires a minimum $5 balance in the regular share savings account.
Charter Oak branches are located in the Connecticut cities of Dayville, Groton, Niantic, Norwich, Pawcatuck, Uncasville, Waterford and Willimantic.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 6.46% (excellent) based on September 2011 data. Please refer to our financial overview of Charter Oak Federal Credit Union for more details. The credit union is federall insured by the NCUA (Charter # 3413).
How These CD Rates Compare
Charter Oak's 3-year and 4-year CD rates are very competitive. The highest 3-year and 4-year CD rates that are nationally available are 1.91% APY and 2.17% APY at Melrose Credit Union
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.