5.80% 24-Month CD at a Massachusetts CU (MIT).


Update 1/5/08: This special CD has ended. Please refer to the credit union's websites for the latest rates.

MIT Federal Credit Union is offering a certificate special with a yield of up to 5.80% APY for a 24-month term. This has a minimum deposit of $50,000, and it requires the Smart Money Rewards relationship which requires a checking account with direct deposit. Without this relationship, the yield is 5.55% APY, and with a smaller minimum of $500, the yield is 5.30% APY.

In addition to students and staff of MIT, membership is open to several other select employee groups. Unfortunately, I don't see any easy way to join if you're not in one of these groups even is you live in MA. Please refer to their Eligibility page for more details. Membership requires a minimum deposit of $5 into the savings account.

Branches are located in Cambridge and Lexington, MA. The credit union is federally insured by the NCUA (Charter # 3830). It has $220.8 million in assets and 23,381 members.
6.00% 11-Month CD at a Massachusetts CU (MIT FCU)
MIT Federal Credit Union is offering a special 6.00% APY 11-month Jumbo share certificate. The minimum deposit is $50K. A regular 11-month CD is also available with a rate of 5.75% APY and a minimum of $1K. To qualify for these rates, you must be a Smart Money Rewards member which requires an active checking account and direct deposit. Without this, the APY is 0.25% lower.

In addition to MIT students and staff, the field of membership includes several other select employee groups.

The credit union is NCUA insured. It has $199...

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