6.50% 60-Month / 6.25% 33-Month CD at a Michigan CU (Metro)

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Metro Credit Union is offering four special certificates. These include a 6.50% APY 60-month CD, a 6.25% 33-month CD, a 6.00% APY 22-month CD and a 5.75% APY 11-month CD. All have a minimum deposit of $500. Money must be new to the credit union.

The field of membership includes those associated with many schools and select employer groups in the area of Warren, Michigan. Also, anyone over the age of 55 who lives in Macomb County or neighboring counties and receive retirement benefits is eligible. There's a one-time $5 membership fee to join.

Branches are located in Warren and Sterling Heights, Michigan which are just north of Detroit.

The credit union is NCUA insured. It has $180 million in assets and over 26,000 members.

Comments
Anonymous
  |     |   Comment #1
HAVE BEEN A CUSOTOMER OF PENTAGON FEDERAL CREDIT UNION FOR A FEW YEARS NOW. A WONDERFUL BENEFIT OF HAVING YOUR IRA THERE IS THAT IF YOU ARE 59 1/2 AND THE RATES GO UP YOU JUST CALL THEM AND THEY WILL REDO YOU IRA'S WITHOUT PENALTY FOR THE HIGHER RATE. ALSO WHEN YOU TAKE OUT OF THE IRA THEY LIKE MOST BANKS DO NO PENALIZE YOU IF YOU TAKE OUT OF YOUR CD IF YOU ARE 59 1/2. HAVE NOT TAKEN OUT OF THE IRA'S YET BUT HAVE RAISED THE RATES ON SOME OF THE 5 1/2 CD'S WE HAVE HAD WITH THEM TO 6 LAST JAN.
Banking Guy
  |     |   Comment #2
Thanks for the info on the Penfed IRA. I've added your comment to my Penfed post.

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