Mutual Security CU (CT) Offers Competitive 25-Month CD Special

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Availability: Residents of Fairfield, Litchfield, and New Haven Counties, Connecticut

Mutual Security Credit Union’s (Mutual Security CU) is offering a competitive 25-month CD Special (1.55% APY).The minimum opening deposit is $500 of new money and there is a $100K maximum balance cap.

This is a limited-time offer, but no specific end date is listed on the Mutual Security CU's website.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.10%$500$100kMutual Security Credit Union25 Month CD Special
1.10%$500$100kMutual Security Credit Union25 Month IRA Special (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of August 29, 2016.

The 25-month CD Special is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

As stated on Mutual Security CU’s Savings Rates page, the Early Withdrawal Penalty (EWP) reads as follows:

Early withdrawals will incur a penalty of 180 days of dividends whether earned or not.

Mutual Security CU also has a 19-month CD Special (1.25% APY), which is not as competitive as the 25-month CD Special. The funding requirements and the EWP are the same as 19-month CD Special, and it is also available as an IRA.

Availability

Headquartered in Shelton, Connecticut, Mutual Security Credit Union offers membership to individuals who live, work, worship, or attend school in the Connecticut counties of Fairfield, Litchfield, and New Haven. Family members of current Mutual Security Credit Union members are also eligible to join.

In addition, more than 140 SEGs offer membership in Mutual Security CU as an employee/retiree benefit.

Joining Mutual Security CU and/or opening a CD can be done at any of 10 Connecticut branches located in Danbury (2), Norwalk, Ridgefield (2), Shelton (2), Stratford, Watertown, and Wilton. Mutual Security CU’s membership application is available for download to expedite the process.

Credit Union Overview

Mutual Security Credit Union has an overall health grade of "C+" at DepositAccounts.com, with a Texas Ratio of 15.80% (above average) based on June 30, 2015 data. In the past year, Mutual Security Credit Union increased its total deposits by $6.54 Million, an above average annual growth rate of 2.82%. Please refer to our financial overview of Mutual Security Credit Union for more details.

Chartered in 1982, Mutual Security Credit Union (NCUA Charter # 68479) has grown to become Connecticut’s 7th largest credit union through a conversion to a state charter in 2001, the expansion of the field of membership, and seven mergers in 12 years. Today, Mutual Security CU has over 27,700 members and assets in excess of $261 Million.

How the CD Compares

When compared to the 193 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available to Connecticut residents, Mutual Security Credit Union’s 25-Month CD Special currently ranks first.

The above rates are accurate as of 11/23/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Comments
5.50% 55-Month CD ($5.5K Max) & Other CD Deals at Mutual Security Credit Union in CT
Mutual Security Credit Union is a special CD with a rate that is very rare these days. It has a 5.50% APY with a term of 55 months. However, there's a maximum deposit of $5,500 per social security number. Minimum deposit is $500. The special is listed on the credit union's home page and on this promotion page. The offer is scheduled to end on 3/31/09.

The credit union also has a CD special with competitive rates for larger balances. These rates are more inline with the current rate environment. Rates...

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2.75% Reward Checking Account at Mutual Security Credit Union in Connecticut

Update 4/1/2011: The top rate now applies only to the first $15K balance.

Mutual Security Credit Union is offering a reward checking account called Free Ultimate Checking. It pays 2.75% APY on balances up to $15,000 (0.25% for above) and refunds ATM fees nationwide (up to $15 per cycle and $4.99 per transaction) if the following monthly requirements are met:

  • 12 non-PIN check card purchases
  • one direct deposit or ACH automatic debit or online bill pay using MemberPay
  • receive eStatements

If these are not met, the rate falls to 0.05%. Minimum initial deposit is $50....



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