Dedicated to Deposits: Deals, Data, and Discussion

5-Year CD Special with Penalty-Free Withdrawal at Consumers CU in Michigan

POSTED ON BY

Consumers CU (MI)

We have finally been seeing some rising 5-year CD rates, but there’s little incentive to lock into a 5-year term if rates continue to rise. The CD special at Consumers Credit Union helps to ease that concern. It’s called the Homerun CD, and it has a 2.00% APY for a 5-year term. There’s also a 17-month Homerun CD with a 1.00% APY. Both allow for one penalty-free withdrawal during the term. The downside is that they require an active checking account. Minimum deposit is $1,000, and the maximum is $250,000 (and a maximum of $250,000 per household). New money is required. This is a limited time offer. These rates are listed at the credit union's rates page as of 8/9/2013.

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 8.80% (above average) based on March 2013 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 This CD Rate Compares

The highest 5-year CD rate that’s nationally available is 2.06% APY at EverBank. Close behind EverBank is iGObanking.com with a 2.05% APY 5-year CD. These rates are accurate as of 8/9/2013.

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.

  Tags: Consumers CU (MI), Michigan, CD rates

Related Posts

Comments