Competitive CD & IRA CD Rates at Island FCU in New York

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APYMINMAXINSTITUTIONPRODUCTDETAILS
1.65%$1k-Island Federal Credit Union60 Month Certificate
1.50%$1k-Island Federal Credit Union48 Month Certificate
1.30%$1k-Island Federal Credit Union36 Month Certificate
1.20%$1k-Island Federal Credit Union24 Month Certificate
1.10%$1k-Island Federal Credit Union18 Month Certificate Special
Accounts mentioned in this post. Rates as of September 25, 2016.

Island Federal Credit Union continues to offer some competitive CD and IRA CD rates. The best one is a special 18-month certificate which has 1.26% APY. The standard CDs with terms over 1 year also have competitive rates. Minimum deposit is $1,000. These are listed at the credit union's rates page as of 4/18/2012 and are shown below:

  • 2.07% APY 5-year CD
  • 1.87% APY 4-year CD
  • 1.70% APY 3-year CD
  • 1.31% APY 2-year CD
  • 1.26% APY 18-month special CD

Membership is open to those who live, work, worship or attend school in Suffolk County or Nassau County (with the exception of the townships of East Hampton, Southampton or Shelter Island). Please refer to the credit union's Who We Are page for more details. Membership requires a minimum balance of $5 the regular savings account.

Island Federal Credit Union branches are located in Bellmore, Sayville, Selden, Hauppauge and Hicksville, New York.

Island FCU has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 2.50% (excellent) based on December 2011 data. Please refer to our financial overview of Island Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 10023).

How These CD Rates Compare

The highest 18-month CD rate that's nationally available is 1.20% APY at KeySource Commercial Bank. For longer-term CDs, Melrose Credit Union mostly has the highest CD rates. These include a 1.36% APY 2-year CD, a 1.86% APY 3-year CD, 2.07% APY 4-year CD and a 2.27% APY 5-year CD. These rate are accurate as of 4/18/2012.

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:

Comments
Saul
Saul (anonymous)   |     |   Comment #1
First Central Svgs., another NY bank which competes with this credit union, is offering a 7-year CD with an apy of 2.10%.  Brick and mortar bank, no credit union membership issues, open to all.  An alternative which people may want to consider.  My sister-in-law opened it up long distance, no problem at all.
Hot 11-Month CD Special at Island Federal Credit Union in New York - Local Only

Island Federal Credit Union just increased the rate of its 11-month CD special. It now has the very competitive rate of 2.00% APY. Minimum deposit is $1,000. When I last reported on this deal in March, this special required a checking account with some additional hoops to jump through. However, I just confirmed with the credit union that there are no additional requirements with this new 11-month CD special.

The credit union also has other good rates, but I wouldn’t consider them as hot deals. There’s one other special: a 2.05%...

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Top 30-Month CD Rate at Island FCU in New York - Local Only

Island Federal Credit Union continues to have a few competitive CD and IRA CD rates. The best one is the 30-month CD which has 2.05% APY. The 5-year CD is also pretty good with a 2.74% APY. They used to have a good short-term CD special, but the current one isn't that great: 1.26% APY for 11 months. This special requires an Island Checking Account with VISA CheckCard and Direct Deposit (or pay 3 bills by Island Online Bill Payer). Minimum deposit is $5,000. These rates are listed in the...

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Top 9-Month and 5-Year CD Rates at Island FCU in New York - Local Only

 Island Federal Credit Union has a couple good CD deals. First, there's a special 9-month CD with a 2.00% APY. This requires an Island Checking Account with VISA CheckCard and Direct Deposit (or pay 3 bills by Island Online Bill Payer). An even better deal in my opinion is the credit union's regular 5-year CD and IRA CD which has a 3.00% APY. Minimum deposit is $5,000. These rates are listed in the credit union's rates page as of 10/20/2010.

It's getting hard to find 3.00% yields these days on any...

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2.05% 18-Month CD & 3.00% 48-Month CD at Island FCU in New York - Local Only

Island Federal Credit Union has a couple of competitive certificates: a 2.05% APY 18-month CD and a 3.00% APY 48-month CD. These are also available in an IRA CD. Minimum deposit is $1,000. These rates are listed in the credit union's rates page as of 3/11/2010.

My last post on this credit union was in August of 2009 when the 18-month CD had a 2.65% APY.

Membership is open to those who live, work, worship or attend school in Suffolk County or Nassau County (with the exception of the townships of East...



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2.40% 11-Month CD & 2.65% 18-month CD at Island FCU in New York - Local Only
Update 10/24/09: The CD specials have changed. Please check the credit union's website for the latest rates.

Island Federal Credit Union has two competitive certificates: a 2.40% APY 11-month CD and a 2.65% APY 18-month CD. These are also available in an IRA CD (Traditional, Roth and Education). Minimum deposit is $1,000. These rates are listed in the credit union's rate table as of 8/21/09. The effective date is 8/19/09 so hopefully, these rates will last for a while.

My last post of this credit union was in February of this year...



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