Jeanne D'Arc Credit Union has a CD promotion with a competitive rate. The special is an 18-month CD with a 1.20% APY. It's also available for IRAs and SEPs. Minimum deposit is $250. This rate is listed on the credit union's rates page as of 12/5/2012. This special rate is the only CD that's competitive. In fact, this rate is even higher than the credit union's long-term CD rates.
The Primary Savings account has a rate of 7% APY on balances up to $500. Balances over $500 earn 0.15%. With a balance of $500, you'll earn about $30 per year more in this than a 1% account. Since you need to maintain a savings account for membership, it's nice it can earn a little bit of interest.
Membership is open to anyone who lives, works, or attends school in the Massachusetts counties of Essex or Middlesex, the cities or towns of Fitchburg, Harvard, Leominster, Lunenburg or Lancaster, or the New Hampshire counties of Hillsborough or Rockingham. Please refer to the credit union's Membership page for the full details.
There's an online application that's provided by andera.com. It allows electronic ACH funding from your existing checking account. A membership savings account with a minimum balance of $5 is required to maintain membership.
Jeanne D'Arc Credit Union branches are located in the Massachusetts cities of Chelmsford, Dracut, Lowell, Methuen, Tyngsboro and Westford.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 5.60% (excellent) based on September 2012 data. Please refer to our financial overview of Jeanne D'Arc Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 67352).
How This CD Rate Compares
The highest 18-month CD rate that's nationally available is 1.15% APY at Salem Five Direct and at NexBank. If you extend the term by just 6 months, you can get 1.50% APY at Pentagon Federal Credit Union. These rates are accurate as of 12/5/2012.
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.