Mid American Credit Union is offering a competitive rate on its 5-year CD and IRA CD. It has a 2.10% APY for a minimum deposit of $1,000. The 3-year CD rate is also competitive with a 1.55% APY. These rates are listed in the credit union's dividend rates page as of 8/9/2012.
Credit union membership is open to those who live, work or worship in one of many counties in Kansas. Also eligible are members of Consumers United Program. I don't see any details of this program, so I recommend contacting the credit union about this program if you want to join. Please refer to the credit union's Membership Eligibility Page for more details. Membership requires maintaining the Basic Savings Account. Avoiding monthly fees requires maintaining a minimum balance of $100 in any combination of deposit accounts.
Mid American Credit Union branches are located in Wichita, Larned and Arkansas City. The credit union is part of the CU Service Centers which gives credit union members access to a nationwide network of branches for many banking transactions.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas ratio of 9.51% based on March 2012 data. Please refer to our financial overview of Mid American Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 65378).
How This CD Rate Compares
The highest 5-year CD rate that's available from an all-access credit union is 2.12% APY at US Senate Federal Credit Union. This requires a $60K minimum deposit. The highest 5-year CD that's nationally available at a bank is 1.90% APY at CIT Bank for a $100K minimum and 1.85% APY for a $1K minimum deposit.
The above rates are accurate as of 8/9/2012.
Searching for the Best CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following tables at DepositAccounts.com: