6.70% 14-Month CD at a Louisiana CU (NAS JRB).


NAS JRB Credit Union is having a CD special with rates as high as 6.70% APY (6.50% APR) for a minimum deposit of $25K. You can choose a term of either 14 months or 7 months. A lower rate of 5.90% APY is available for a minimum deposit of $2.5K. Money must be new to the credit union.

The credit union also has high yields on a 5-year CD or IRA certificate: 6.17% APY for $50K minimum and 6.01% APY for $25K minimum.

Unfortunately, the credit union's field of membership is very narrow. Membership is open to all NAS JRB Employees, Active Duty & Retired Military, Reservist and Civil Service. Immediate family members are also eligible for membership. The credit union is located in New Orleans, LA.

The credit union is NCUA insured. It has almost $29 million in assets and 5,400 members.

  |     |   Comment #1
Must be within 80 miles of NO. Not just retired military!
Banking Guy
  |     |   Comment #2
There must have been several calls. They changed their FOM description today. Here's the new FOM description:

Membership is open to all NAS/JRB employees and "attached" Civil Service, Active Duty & Reservists.

Retired military qualify if living within an 80 mile radius of the NAS JRB Credit Union.

Membership is also open to immediate family of qualified members. Immediate family includes any relative by blood or marriage, foster or adopted children, grandchildren, and sons/ daughters in-law.

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