CorePlus Federal Credit Union is offering a very competitive rate on its 5-year share certificate. It has a 2.25% APY for a minimum deposit of $500. The early withdrawal penalty is 365 days of dividends. This rate is listed in the credit union's share certificate truth in savings with an effective date of June 1, 2012. This document also has the details of the early withdrawal penalty.
Credit union membership is open to those who live, work, worship, or attend school in New London County or Windham County, Connecticut. Please refer to the credit union's membership page for the full details. Membership requires a minimum balance of $5 in the savings account.
CorePlus FCU branches are located in the CT cities of Norwich, East Lyme, Groton, Plainfield and Waterford.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 5.65% (excellent) based on December 2011 data. Please refer to our financial overview of CorePlus FCU for more details. The credit union is federally insured by the NCUA (Charter # 1148).
How This CD Rate Compares
A few of the rate leaders have rate cuts at the start of June. The highest 5-year CD rate that's nationally available is 2.20% APY at Justice Federal Credit Union. This requires a $100K minimum deposit. For smaller deposits, the highest 5-year CD rate is 2.17% APY at Melrose Credit Union. These rates are accurate as of the morning of 6/1/2012.
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.