Expired: 3.00% 7-Month CD at NIH Federal Credit Union in MD & DC - Limited Membership


NIH Federal Credit Union is offering a special 7-month CD to celebrate its 70th anniversary. The rate is 3.00% APY with direct deposit or 2.75% APY without direct deposit. Minimum deposit is $10,000, and the maximum is $100,000 (no maximum for IRAs). This promotion is listed in the credit union's front page and in this promotions page as of 11/10/2009. The special is scheduled to last through January 2010.

Unfortunately, membership into NIH FCU is limited primarily to select employee groups and family. In addition to the NIH, there are over 60 other organizations that can qualify you for membership. Please refer to the membership page for the full details.

Branches are located in Maryland and Washington DC.

The credit union's ratings for safety and soundness are fair: 3 stars (performing) at Bankrate.com and 4 stars (excellent) at BauerFinancial. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 3601).

Other Competitive Certificate of Deposit Rates
Related Pages: CD rates, NIH Federal Credit Union , Washington

Previous Comments
  |     |   Comment #1
This seems easy enough..
There will be 2 online application forms to fill. The membership application requires $25.+ you must include a photo ID Drivers License etc. The second is the Certificate Request Form for the CD.
The phone rep said to include both the $25 and the CD funds in one check and mail it all together.
What we don't go through to gain a measly 2.75% or 3% interest with Direct Deposit for 7 mo.
  |     |   Comment #2
With a $100K deposit, you can earn over $700 extra in interest over the term of the CD versus savings accounts. I can qualify because I am in the one of the affinity groups, but the term is a bit too short and I would prefer to get tax free interest instead.
Expired: 7.00% 7-Month CD at a Maryland CU - $7K Max (NIH).
NIH Federal Credit Union is offering a 7% APY 7-month certificate. The minimum deposit is $1,000, and the maximum is $7,000. The offer is only available from July 1 to July 7, 2007. The CD can be opened by mail.

The $7K cap isn't too bad for these types of CDs. With a $7K deposit, you'll earn about $81 over what you would earn in a 5% account.

Field of membership is primarily based on select employer groups with the main one being the National Institutes of Health. See site for a...

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