5.42% 16-Month CD / 5.37% 11-Month CD at a Maryland CU (MCT)

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MCT Federal Credit Union is offering a 5.42% APY 16-month and a 5.37% APY 11-month certificate (see rate table). These yields apply to their Jumbo CDs which have a minimum deposit of $50K. The yields for CDs with a $1K minimum are 37 basis points lower. These same rates are also available in an IRA certificate. An additional 0.50% may be available on the 16-month CD for those who qualify for member rewards.

In January this credit union had been offering several CD terms with yields over 6%.

Field of membership includes students, employees and volunteers in accredited schools in Montgomery County and their families. The FOM also includes a long list of select employee groups and associations. See site for the details.

Branches are located in Silver Spring, Clarkburg, Germantown, Kensington and Rockville, Maryland. The credit union is federally insured by the NCUA (Charter # 6808). It has $440.5 million in assets and 60,666 members.
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5.57% 11-Month / 5.51% 16-Month CD at a Maryland CU (MCT)
MCT Federal Credit Union recently lowered the rates on its certificates. However, the Jumbo certificates remain competitive. The two best rates are a 11-month CD with an APY of 5.57% and a 16-month CD with an APY of 5.51%. The minimum deposit requirement for these Jumbo CDs is $50K. All of the longer term Jumbo CDs now have yields of 5.42% APY. This is a big drop from rates as high as 6.37% APY last month.

The field of membership includes students, employees and volunteers in accredited schools in Montgomery County...

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5.87% 16-Month / 6.37% 60-Month CD at a Maryland CU (MCT)
MCT Federal Credit Union continues to offer very competitive certificates especially for Jumbo CDs with minimum deposits of $50K. The best APY's include a 5.57% 11-month CD, a 5.87% 16-month CD, 6.07% 3-year CD, 6.17% 4-year CD and a 6.37% 5-year CD. The rates for deposits of $1K are about 0.37% under the Jumbo rates except for the 24-month CD which has an APY of 5.60%.

I had first reported on these rates back in early November. A reader mentioned in that post that MCT also has a rewards program in...

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6.37% 60-Month / 6.17% 48-Month CD at a Maryland CU (MCT)
MCT Federal Credit Union just came out with several high yield certificates. The jumbo CD's with a $50K minimum have the best rates. These include a 6.37% APY 60-month CD, 6.17% APY 48-Month CD, 6.07% APY 36-month CD and a 5.87% APY 16-month CD. Lower rates are available with a $1K minimum deposit. These include a 6.00% APY 60-month CD, 5.80% APY 48-month CD, 5.70% APY 36-month CD, 5.60% APY 24-month CD and a 5.50% APY 16-month CD.

The field of membership includes students, employees and volunteers in accredited schools in...

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