McGraw-Hill FCU Introduces 17-Month Promo CD


Deal Summary: 17-Month Promotional Certificate, 1.50% APY ($50k min), 1.40% APY ($20k min), 1.20% APY ($1k min), new money required.

Availability: Easy membership requirement

McGraw-Hill Federal Credit Union’s (McGraw-Hill FCU) Holiday Money Market Account (guaranteed 1.05% APY) will expire on April 30, 2017, but McGraw-Hill FCU has just announced the addition of a 17-month Promotional Certificate, which has tiered APYs and requires new money. In this instance, new money is defined as funds that have not been on deposit "for more than 30 business days.”

  • 1.50% APY ($50k minimum)
  • 1.40% APY ($20k minimum)
  • 1.20% APY ($1k minimum)
1.50*%$50k$1mMcGraw Hill Federal Credit Union17 Month Promo CD (New Money)
Accounts mentioned in this post. Rates as of February 19, 2017.

As stated in the Truth in Savings document, the Early Withdrawal Penalty reads as follows:

For Promotional Certificate accounts, the amount of the early withdrawal penalty is based on the term of your account.
The penalty schedule is as follows: Terms of 17 month – 8 months dividends.


Headquartered in East Windsor, New Jersey, McGraw-Hill Federal Credit Union offers membership to the employees (and their family members) of 100+ SEGs, including the McGraw-Hill Company.

If you don’t qualify for membership through any of the SEGs, McGraw-Hill FCU offers easy membership through their charitable arm, the VOICE Foundation, which promotes and manages the Credit Union's charitable activities and participates in financial literacy education. A one-time donation of $10 provides for a single, person Credit Union membership.

McGraw-Hill FCU has added a Certificate Concierge to assist in opening this promotional Certificate, or you can begin the process by calling 1.800.226.6428. Funding the Promotional Certificate can be done by mail, mobile deposit, or in person at either of two branches located in East Windsor, New Jersey, and New York City.

Credit Union Overview

McGraw-Hill Federal Credit Union has an overall health grade of "B+" at, with a Texas ratio of 3.63% (excellent) based on September 30, 2016 data. McGraw-Hill FCU has an excellent capitalization level of 12.41%, a result of holding $361.76 million in assets with $44.9 million in equity. Please refer to our financial overview of McGraw-Hill Federal Credit Union (NCUA Charter # 861) for more details.

Originally chartered in 1935, McGraw-Hill Federal Credit Union served the employees of the McGraw-Hill Companies (book publishing) in New York City. Since then, the Credit Union has expanded their membership to include outside companies, and now has over 120 businesses and organizations in its field of membership. McGraw-Hill FCU is currently the 5th largest credit union in New Jersey, with more than 22,400 members and assets in excess of $361 million.

How the Promotional Certificate Compares

When compared to the 148 similar length of term CDs tracked by that are available nationally, McGraw-Hill FCU’s 17-Month Promotional Certificate APY currently ranks third, but its higher balance cap only adds to its intrinsic value.

Interest RateCD Length of TermCredit Union/Bank
2.00% APY17-Month CD Special ($50 min/$50k max)Navy Federal Credit Union
1.51% APY15-Month CD Special ($500 min/$100k max)USAlliance Financial
1.50% APY17-Year Promotional Certificate ($50k min/$1m max)Colorado Federal Savings Bank

The above rates are accurate as of 2/17/2015.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

McGraw-Hill FCU Debuts Holiday Money Market With Promo Rate
Availability: Easy membership requirement

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