We have seen several credit unions offering competitive CD rates in the Washington DC metro area. They often don't last long. Hopefully, the competitive rates at Constellation Federal Credit Union will last for awhile. The long-term CD and IRA CD rates are the most competitive. These include a 2.30% APY for a 4-year and 5-year term and a 1.90% APY for a 3-year term. There are also two add-on CDs listed with terms of 5 and 7 years. Both have a 2.27% APY. These rates are listed in the credit union's certificates rates page as of 7/18/2012.
Membership in the credit union isn't open to all in the Washington DC metro area. Membership is primarily limited to Federal Government employees and retirees who live in the DC metro area. Please refer to the credit union's eligibility page for the full details.
Branches are located in Reston and Springfield, Virginia. The credit union is also part of the shared branch network, CU Service Centers.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 4.09% (excellent) based on March 2012 data. Please refer to our financial overview of Constellation Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 5098).
How These CD Rates Compare
The highest 5-year CD rate that's nationally available is 2.25% APY at Fort Knox Federal Credit Union (59-month term). Melrose Credit Union is close behind with a 2.17% APY 5-year CD. Melrose has the highest 4-year CD rate with a 1.96% APY. These rates are accurate as of 7/18/2012.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.