Merrimack Valley Federal Credit Union continues to offer very competitive mid-term and long-term CD rates. The best one is a 2.30% APY 5-year CD. Minimum deposit is $500. Below is a summary of all the competitive CD rates as listed in the credit union's deposit rates page as of 7/26/2012.
- 2.30% APY 5-year CD
- 1.90% APY 4-year CD
- 1.65% APY 3-year CD
- 1.30% APY 2-year CD
There was a March date at the bottom of the table so I called the credit union (800-356-0067 option 1) to confirm the rates. I was told these rates are up-to-date. The CSR didn't know when they might be changed. I was told the early withdrawal penalty is equal to 180 days of interest for all terms.
Credit union membership is open to all persons who live, work, worship or attend school in the Merrimack Valley of Massachusetts and New Hampshire. Please refer to the credit union's Who Can Join page for more details and for a list of cities in the Merrimack Valley.
Merrimack Valley Federal Credit Union branches are located in the Massachusetts cities of Lawrence, Haverhill, Methuen and in Plaistow, New Hampshire.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 7.04% (excellent) based on March 2012 data. Please refer to our financial overview of Merrimack Valley FCU for more details. The credit union is federally insured by the NCUA (Charter # 10066).
How These CD Rates Compare
If you live in Massachusetts, you can get a 3.00% APY 5-year CD at Belmont Savings Bank, but this requires an active checking account, and there's a maximum deposit of $25K.
These rates are accurate as of 7/26/2012.
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: