5.64% 35-Month CD at a Virginia CU (Baylands)

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Baylands Federal Credit Union is offering a special 35-month share certificate with an APY of 5.64% (interest rate 5.50%). The minimum deposit is $1,000. There's a JumpUp feature which isn't described at the website, but I would assume it would allow at least one rate bump during the term. The credit union also has a competitive 24-month Jumbo CD special with a yield of 5.48% APY. It has a minimum of $75K.

Field of membership includes those living, working, worshiping or attending school in the Virginia counties of Essex, Middlesex, Mathews, Gloucester, King and Queen, King William, New Kent or James City. Branches are located in West Point and Williamsburg, Virginia.

The credit union is federally insured by the NCUA. It has $69.7 million in assets and 5,628 members.

Thanks to Richmond Bank Deals who mentioned this CD special in the finding deals post.
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10.47% 7-Month CD at a Virginia CU - $2K Max (BayLands).
BayLands Federal Credit Union is offering a 10.47% APY 7-month share certificate. The maximum deposit is $2K. The minimum is $500. It's limited to one per member. You must have an S10E Share Draft Checking Account with direct deposit. The offer expires 8/31/06.

It would be better if the maximum allowed deposit were higher. I've seen a 10% rate offered with maximums of $5K in the past. With this maximum, the extra 5% you would get with this CD over a market competitive CD would result in about an...

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