5.00% 5-Year & 4.00% 2-Year CD at FedChoice FCU in MD, DC & PA

I am a member of this credit union. I guess they must be somewhat desperate for deposit money. They recently held some weekend promotion events at the headquarters building to try to attract more business. Even though I will probably be still working in 5 years, I am not sure if I would commit to a long term CD with them. I don't think that many employees have accounts with them. They probably put their money at banks close to their homes instead. Unlike most regular local banks where you see a line of customers at the teller area, my local branch is almost always deserted at any given time of day.

Added to previous comment.

The local branch that I am referring to is the FedChoice FCU.

I'm embarrassed for how ineptly run this CU is. Yesterday I completed the online application w/all info, including an email address. Today I received a call from a CSR, who tried to read me a long list of additional documents they want (some sort of signed application, copy of work ID, etc. ad naus.). When I suggested that maybe she could simply email me the list instead of dictating it over the phone, there ensued much head-scratching.

The final straw was the casual mention of the fact that I can't fund the account initially online; they require a branch visit or mailed check. At that point, I told the CSR to just forget about it.

I just opened a 5 year 5% Roth IRA CD with them. Yes, they are a bit odd in some ways (no electronic transfers, and slightly ameturish), but I found them very friendly and helpful. They followed through nicely on my application. Plus, I don't see many other places offering 5% even on a 5 year CD. AND once I opened the account they sent me a TGIF gift card and other nick nacks -that was a nice surprise. I like them... and will be opening some more CD's...