It's hard to find short-term CD rates higher than internet savings account rates. The advantage with the CD is that you won't have to worry about the rate falling before maturity. I found one short-term CD with a rate that exceeds most savings account rates. It's a 1-year Jumbo CD at Post Community Credit Union that pays 1.20% APY. Minimum deposit is $100,000. The rate is 25 basis points lower for a $1,000 minimum. These rates are listed in the credit union savings rates page as of 2/28/2012.
Credit union membership is open to anyone who lives, works, worships, or attends school in any of the following counties in Michigan: Barry, Branch, Calhoun, Eaton, Kalamazoo, St. Joseph and Van Buren. Please refer to the credit union's membership page for the full details.
Post Community Credit Union branches are located in Battle Creek, Michigan.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 7.41% (excellent) based on September 2011 data. Please refer to our financial overview of Post Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 62155).
How This CD Rate Compares
The best 1-year CD rate that's nationally available is 1.16% APY at Pentagon Federal Credit Union. The best 1-year CD rate at a bank is 1.15% APY at Doral Bank Direct and at KeySource Commercial Bank. These rates are accurate as of 2/28/2012.
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.