Update 4/05/08: The CD rates have fallen. The new 36-month yield is 4.20% APY and the 12-month yield is 3.80% APY.
Central One FCU continues to offer high yield share certificates called the Senior Sense certificates. The current rates include a 4.00% APY 6-month CD, a 4.25% APY 12-month CD, a 4.50% APY 24-month CD, a 4.60% APY 36-month CD and a 4.75% APY 60-month CD. All have a minimum deposit of $10,000 and require direct deposit of Social Security or Pension into a Central One Share Draft account. The long-term standard certificate rates are also competitive with yields ranging from 4.00% APY for a 24-month term to 4.25% APY for a 60-month term. These rates are also available in an IRA.
Membership is open to anyone who lives, works, worships or attends school in one of several towns of Massachusetts. Please refer to their Membership page for more details. Membership requires a minimum deposit of $5 into the regular share savings account.
Branches are located in the Massachusetts cities of Auburn, Shrewsbury, Northborough, Marlborough, Salem, Westborough and Worcester. The credit union is federally insured by the NCUA (Charter # 8218). It has $252.4 million in assets and 26,045 members.