Columbus Metro Credit Union is offering competitive long-term CD and IRA CD rates. The two best are the 2.75% APY 5-year CD and the 2.50% APY 4-year CD. Minimum deposit is $500. These rates are listed in the credit union's rates page as of 10/17/2011.
Membership is open to anyone who lives, works, worships or attends school in Franklin County, Ohio. Please refer to the credit union's membership page for the full details.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 6.48% (excellent) based on June 2011 data. Please refer to our financial overview of Columbus Metro Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 7393). The credit union has private deposit insurance from ESI to provide additional coverage over the NCUA limits. I have more details on this private deposit insurance in this post.
How These CD Rates Compare
These 4-year and 5-year CD rates are very competitive compared to what's available nationwide. The best nationally available 4-year CD rate is 2.20% APY ($25K minimum) at Alliant Credit Union and the best 5-year CD rate is 2.75% APY ($100K minimum) at Firstmark Credit Union. You can get little higher rates at Digital Credit Union, but this requires a relationship checking.