Top CD Rates Continue at Greater Metro FCU in New York City - Limited Membership


2.79%$500-Greater Metro Federal Credit Union60 Months Share Certificate
2.53%$500-Greater Metro Federal Credit Union48 Months Share Certificate
2.28%$500-Greater Metro Federal Credit Union36 Months Share Certificate
Rates as of February 21, 2024.

Greater Metro Federal Credit Union has made some changes with lower rates on its Jumbo short-term CDs. However, they remain competitive. The rates are 1.51% APY for 1 year, 1.26% APY for 6 months and 1.11% APY for 3 months. Minimum deposit is $50K. Its long-term CD and IRA CD rates haven't changed since December, and they remain very competitive: 3.30% APY for 5 years, 3.05% APY for 4 years and 2.28% APY for 3 years. Minimum deposit is $500. These rates are listed in the credit union's rates page as of 2/14/2011.

As a comparison to credit unions with nationwide memberships, the best 5-year CD rate is 3.00% APY at Connexus Credit Union as of 2/14/2011. However, this requires an active checking account. Melrose Credit Union is in second place with a 2.93% APY.

Membership in Greater Metro FCU is primarily based on select employer groups. Unfortunately, this makes it difficult for many to join. Please refer to the credit union's Membership Eligibility section for more details. Greater Metro FCU was originally established in 1970 by a group of IBM employees in the Metropolitan New York area. They've added more employer groups, but they haven't gone to a community-based field of membership.

Branches are located in New York City.

The credit union has an overall health score at of 4 out of 5 with a Texas Ratio of 2.25% (excellent) based on September 2010 data. Please refer to our financial overview of Greater Metro Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter 20382).

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  |     |   Comment #1
Luckily, I looked at this cu even tho the title of this blogpost said limited membership.  Turn out I am eligible thru an employer group. Can't beat these rates
Competitive CD Rates at Greater Metro FCU in New York City - Limited Membership

Greater Metro Federal Credit Union is offering some very competitive long-term CD and IRA CD rates. The best is a 3.30% APY 5-year CD. Other rates include a 3.05% APY 4-year CD, a 2.28% APY 3-year CD and a 1.77% APY 2-year CD. Minimum deposit is $500. There's also a good deal on the short-term Jumbo CDs which require a $50K minimum deposit. You can get a 1.77% APY on terms from 6 to 12 months. Also, you can get a 1.26% APY on terms from 1 to 5 months....

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