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Very-High Rate Small-Max 7-Month CD In New York

Sunday, June 12, 2011 - 11:42 AMHudson Heritage Credit Union - Details
Hudson Heritage Federal Credit Union is offering a special 7-month CD with a 7.1% APY. Unfortunately, the maximum deposit is only $1,000. If you invest the maximum amount, you'll make $41.42. That's about $35 more than if you put that $1K into a 1.1% savings account.

Membership Eligiblity
Persons who live, work, worship, volunteer or attend school in, and businesses and other legal entities located in Orange, Dutchess or Ulster Counties, New York and their families, may become members of Hudson Heritage Federal Credit Union. Membership ensures full access to all credit union products and services.

Hat tip to reader who emailed me this promotion.
2
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Sunday, June 12, 2011 - 3:26 PM
I can see it now. A 6-month CD yielding 10% with a maximum allowable deposit of $250.00. There is no end to the marketing shenanigans some institutions will resort to.
3
ShorebreakShorebreak2,621 posts since
Apr 6, 2010
Rep Points: 14,208
2. Monday, June 13, 2011 - 8:30 AM
Not even worth the time spent to fill out the application. :-)
2
WhataBummerWhataBummer413 posts since
Oct 15, 2010
Rep Points: 1,702
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