Denver Community Credit Union is offering is offering two competitive 5-year CD and IRA CD rates. The maximum rate is 2.35% APY for a $50K minimum deposit. For a $100 minimum, it's 2.10% APY. These rates are listed in the credit union's deposit rates page as of 3/6/2012.
A nice feature is listed at the bottom of the rates table for IRA CDs. It states that "Contribution and rollover deposits are allowed at anytime when invested in a IRA share certificate with any term of 36 months or greater with a minimum transaction amount of $25."
The credit union has some additional CD details below the rate table. The early withdrawal penalty for terms over 12 months is equal to 180 days of interest.
Credit union membership is open to anyone who lives, works, worships, volunteers or attends school in Denver County, Colorado. Please refer to the credit union's About Us page for the full details.
The credit union has over 29,000 members and assets of over $222 million. It is federally insured by the NCUA (Charter # 68616).
How This CD Rate Compares
For those in Colorado, Security Service Federal Credit Union often has top long-term CD rates. However, rates vary by city. The top 5-year CD rate for Denver zip codes is only 2.00%. For Colorado Springs it's 2.35% APY. This requires a $100K minimum deposit.
The highest 5-year CD rate that's nationally available is 2.35% APY at Justice Federal Credit Union. This requires a $100K minimum deposit. For a small minimum deposit, the highest rate is 2.27% APY at Melrose Credit Union.
These rates are accurate as of 3/6/2012.
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