Northeast Credit Union (NH) 48-Month CD APY Leaps Up


Deal Summary: 48-month Share Certificate, 3.82% APY, $500 minimum deposit, additional deposits (up to initial investment), one bump-up option.

Availability: Residents of New Hampshire and southern York County, Maine; 75+ SEGs.

Northeast Credit Union (NECU) has substantially raised the rate on its 48-month Share Certificate by 206 bps, giving it an all-time high APY of 3.82%. The minimum opening deposit is $500, with no stated balance cap.

2.50%$500-Northeast Credit Union48 Month CD
2.50%$500-Northeast Credit Union48 Month IRA (Traditional, Roth)
Rates as of May 18, 2024.

The 48-month Share Certificate is also available as an IRA (Traditional and Roth), earning the same 3.82% APY with the same funding requirements.

Once the account is opened, you may make additional deposits of $250 or more. The maximum for additional deposits is limited to the initial investment amount.

NECU’s Unique Certificate Guarantee Options apply to the 48-month Share Certificate.

Should rates go up within ten days of your certificate being opened, we will automatically increase your rate.

Unique one-time “bump” feature allows you to move your certificate to a higher rate should rates change during the term of your certificate.

Partial withdrawals are allowed. As stated in the Truth-In-Savings disclosure, the Early Withdrawal Penalty reads as follows,

We will impose a penalty if you withdraw any of the principal before the maturity date. The penalty for all other accounts [greater than 6 month terms] will equal 365 days of dividends on the amount withdrawn.

Looking to deposit more than $250k, but concerned about deposit coverage? According to the Funds Insurance page,

At Northeast Credit Union, your deposits are insured up to $500,000.

NECU has complemented the federal share insurance Opens a New Window, provided by the National Credit Union Administration (NCUA), with an additional $250,000. This savings protection is available at no charge on all qualifying accounts through ESI Opens a New Window, a private insurer.


Headquartered in Portsmouth, New Hampshire, Northeast Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in New Hampshire or southern York County, Maine, eligible to join.

According to the online application, “If you live, work or do business near one of our Branches (defined as within 30 miles of a branch) you are eligible for membership.”

Employees of more than 75 SEGs (listed on the online application) are membership eligible.

Family members of current NECU members are also welcome to apply.

Joining NECU and/or opening a Share Certificate can be done online, by phone (603-436-1847), or at any of 15 New Hampshire branches, located in Berlin, Concord, Conway, Dover, Exeter, Gorham, Lebanon, Lee, Manchester, Merrimack, Northwood, Plymouth, Portsmouth (2), and Rochester. There are also five Maine branch locations in Biddeford, Kennebunk, Saco, Sanford, and Westbrook.

As part of the CO-OP network, Northeast CU provides its members with access to more than 5,000 branches and nearly 30,000 surcharge-free ATMs nationwide.

Credit Union Overview

Northeast Credit Union has an overall health rating of "A" at, with a Texas Ratio of 2.30% (excellent) based on June 30, 2018 data. In the past year, Northeast CU has increased its total non-brokered deposits by $168.6 million, an excellent annual growth rate of 17.11%. Please refer to our financial overview of Northeast Credit Union (NCUA Charter # 68219) for more details.

Founded in 1936, Northeast Credit Union was originally known as the Portsmouth NH U.S. Employees Federal Credit Union #1515. The Credit Union’s name was changed in 1977, as its size and scope began to change. Between 1982 and 1993, NECU merged with seven other New Hampshire credit unions and converted to a state-chartered credit union in 1997. The most recent merger (Woodlands Credit Union) occurred in 2013 and established a footprint in the northern portion of New Hampshire. NECU is currently New Hampshire’s second largest credit union, with more than 129,400 members and assets in excess of $1.4 billion.

How the Share Certificate Compares

When compared to 205 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available within the FOM, Northeast Credit Union’s 48-month Share Certificate APY currently ranks first.

The above rates are accurate as of 10/16/2018.

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

Related Pages: Portland CD rates, Boston CD rates, Burlington CD rates, 5-year CD rates, nationwide deals

Previous Comments
  |     |   Comment #2
Anyone have a target in the 5 year CD they are waiting to pounce on?
  |     |   Comment #4
I would absolutely do this cd if I could qualify for membership
Solid Rate
  |     |   Comment #5
Agree this looks like a solid deal versus anything else out there right now in the 4-5 year range.
  |     |   Comment #6
They state you can open an account if you live within 30 miles of a branch. If you live in Massachusetts but are only 20 miles away are you eligible to join?
  |     |   Comment #7
I called and they said yes as long as you are within the 30 miles. They have an Exeter NH location that works for me as I live in West Newbury
Northeast Credit Union (NH/ME) Adds 33-Month CD
Deal Summary: Special Share Certificates – 33-month, 3.33% APY, $3k minimum deposit. 35-month, 3.50% APY, $1k minimum deposit, $1k of new money, additional deposits (up to initial investment), checking relationship w/direct deposit required.

Availability: Residents of New Hampshire and southern York County, Maine; 75+ SEGs.

Northeast Credit Union (Northeast CU) has added two Special Share Certificates to its product line: 35-month (3.50% APY) and 33-month (3.33% APY).

35-Month Special Share Certificate

The 35-month Special Share Certificate earns 3.50% APY and can be opened with a minimum $1k...

Continue Reading
Northeast CU (NH/ME) Elite Checking Earns 4.00% APY Up To $15k
Deal Summary: Elite Checking, 4.00% APY on qualifying balances of $5k-$15k.

Availability: Residents of New Hampshire and southern York County, Maine; 95+ SEGs.

At the beginning of July, Northeast Credit Union (Northeast CU) raised the rate on its Elite Checking account, which now earns 4.00% APY on qualifying balances between $5k and $15k. Balances over $15k and less than $5k, whether qualifying or not, do not earn any interest.

Qualifying Requirements

  • Recurring monthly Direct Deposit
  • At least 20 debit card transactions per month
  • Receive eStatements
  • Maintain a minimum $5k average...

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.