Consumers Credit Union has two special CDs with very competitive rates and with a nice feature that allows one penalty-free withdrawal during the term. The credit union is calling these Thank You CDs. One has a 2.10% APY for a 5-year term, and the other has a 1.25% APY for a 15-month term. Minimum deposit is $10,000, and the maximum deposit is $250,000. New money is required. This is a limited time offer. These rates are listed at the credit union's rates page as of 11/15/2012.
Credit union membership is open to those who live, work, worship, or are enrolled in post high school educational institutions in Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, Kent, Ottawa, St. Joseph, or Van Buren counties, Michigan. Also eligible are retired person over the age of 55 who receives a retirement annuity/pension and lives in the nearby counties. Please refer to the credit union's About Us page for more details.
Consumer Credit Union branches are located in the Michigan cities of Kalamazoo, Portage, South Haven, Holland, Mattawan, Lawton and Coldwater.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 12.31% (above average) based on June 2012 data. Please refer to our financial overview of Consumers Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 62172).
How These CD Rates Compare
These Thank You CDs are good deals even without considering the one penalty-free early withdrawal feature. The rates are close to the best CDs that are available nationwide. The highest 1-year CD rate that's nationally available is 1.26% APY at Pentagon Federal Credit Union. The highest 5-year CD rate is 2.20% APY at Pen Air Credit Union, but this requires a $100K minimum deposit. For smaller deposits, the highest rate is 2.00% APY. That's available at Pen Air Credit Union, Mountain America Credit Union, Connexus Credit Union and Communitywide Credit Union.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.