A reader emailed me on 5/4/2013 about some competitive 5-year CD rates at Alden Credit Union (hat tip). It just opened a branch in Amherst, MA. There’s a 2.00% APY for a 5-year Jumbo CD.
The rate [2.00% APY] is only available for 5 year jumbo CDs of $250,000 or more. For CDs of $100,000 or more, the rate is 1.90%. You have to phone the number given on the site or walk into the branch to see the jumbo rates.
Membership is open to those who live, work, or worship in Hampshire or Hampden Counties of Massachusetts.
Note, the standard 5-year CD and IRA CD rate is 1.80% APY as of 5/4/2013.