Astera Credit Union has two very competitive 5-year CD rates. The highest is the Jumbo CD rate with a 2.25% APY. Minimum deposit is $50,000. The regular CD has a 2.15% APY and a minimum deposit of $500. These are also available in an IRA. These rates are listed at the credit union's rates page as of 5/10/2012.
According to the credit union's disclosure, the early withdrawal penalty for the 5-year CD is 360 days of interest on the amount withdrawn.
Credit Union Membership
Credit union's field of membership is primarily defined by various select employer groups. However, membership is also open to "Any person who has a membership in the R.E. Olds Transportation Museum". This is described in the credit union's membership page. Here's the membership page for the R.E. Olds Transportation Museum. The fee for an individual membership is $25.
On the right side of the credit union's home page under "online services", there's a link to an online membership application. At the start of the application it lets you select "I am a member of R.E. Olds Transportation Museum". The next page of the application allows you to select any of the CDs. Next to the Jumbo CD option it says "Fund this account by mailing a check or by wire transfer." A savings account with a minimum balance of $5 is automatically selected in the application since this is required for membership.
Credit Union Overview
Astera Credit Union branches are located in the Michigan cities of Lansing, Ionia and Dewitt.
Astera Credit Union has an overall health score of 3 stars (out of 5) with a Texas Ratio of 23.28% (average) based on December 2011 data. Please refer to our financial overview of Astera Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 60920).
How This CD Rate Compares
This 5-year CD rate just exceeds the previous best 5-year CD rate that's available nationwide. That's at US Senate Credit Union which is offering a 2.22% APY 5-year CD. Justice Federal Credit Union has a 5-year Jumbo CD with a 2.20% APY. These rates are accurate as of 5/10/2012.
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.