Merrimack Valley Federal Credit Union has several competitive rates on its certificates. The best ones include a 2.50% APY for 5 years, 2.00% APY for 3 years and 1.50% APY for 2 years. Minimum deposit is $500. These rates are listed in the deposit rates page as of 2/28/2012.
Credit union membership is open to all persons who live, work, worship or attend school in the Merrimack Valley of Massachusetts and New Hampshire. Please refer to the credit union's Who Can Join page for more details and for a list of cities in the Merrimack Valley.
Merrimack Valley Federal Credit Union branches are located in the Massachusetts cities of Lawrence, Haverhill, Methuen and in Plaistow, New Hampshire.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 6.05% (excellent) based on September 2011 data. Please refer to our financial overview of Merrimack Valley FCU for more details. The credit union is federally insured by the NCUA (Charter # 10066).
How These CD Rates Compare
If you live in Massachusetts, you can get a 3.00% APY 5-year CD at Belmont Savings Bank, but this requires an active checking account. At Institution for Savings, you can match Merrimack Valley FCU rates for terms of 3 and 5 years.
For those outside of Massachusetts, the best 5-year CD rate that's nationally available is 2.30% APY at Andrews Federal Credit Union. The best 3-year and 2-year CD rates are 1.86% APY and 1.36% APY at Melrose Credit Union.
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.