PeoplesChoice CU (ME) Has Competitive Long-Term CDs


Availability: Residents of York and Cumberland Counties, Maine

Earlier this week, PeoplesChoice Credit Union’s (PeoplesChoice) increased the rates on its 60-month Share Certificate (2.22% APY) and 84-month Share Certificate (2.53% APY). The minimum opening deposit is $500 and there is no maximum balance cap.

3.56%$500-PeoplesChoice Credit Union84 Month CD
3.51*%$75k-PeoplesChoice Credit Union60 Month CD
OTHER TIERS: 3.35% $500 - $10k | 3.40% $10k - $75k
3.51*%$75k-PeoplesChoice Credit Union60 Month IRA (Traditional, Roth, CESA)
OTHER TIERS: 3.35% $500 - $10k | 3.40% $10k - $75k
Rates as of December 1, 2022.

Unlike the other PeoplesChoice Share Certificates that have tiered APYs, the above stated APYs apply to all balance levels for the 60- and 84-month Share Certificates.

Both CDs are also available as IRAs (Traditional, Roth, and CESA), earning the same APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 60-month Share Certificate is six months of interest, and 12 months interest for the 84-month Share Certificate.


Headquartered in Saco, Maine, PeoplesChoice Credit Union offers membership to individuals who live, work, worship, or attend school in York and Cumberland Counties. In addition, immediate family members of current PeoplesChoice members are also eligible to join.

Joining PeoplesChoice Credit Union and/or opening a CD can be done online, or at any of four Maine branches located in Biddeford, Saco, Sanford, and Wells. PeoplesChoice is also part of a shared branch network that includes 155 locations in Maine and over 5,000 branches nationwide.

Credit Union Overview

PeoplesChoice Credit Union (NCUA Charter # 68442) has an overall health grade of "B" at, with a Texas Ratio of 13.68% (above average) based on June 30, 2015 data. In the past year, PeoplesChoice Credit Union increased its total deposits by $3.08 Million, an above average annual growth rate of 2.3%. Please refer to our financial overview of PeoplesChoice Credit Union for more details.

PeoplesChoice Credit Union was originally chartered in 1963 as the St. Josephs Credit Union, serving the parishioners of St. Joseph’s Church in Biddeford. The name was changed in 2006 following a two-year selection process. More than 4,000 names were considered and Credit Union members were invited to vote on three finalists: "PeoplesChoice" was the overwhelming people’s choice. Currently, PeopleChoice has 15,500+ members and assets in excess of $158 Million.

How the CDs Compare

When compared to the 14 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to Maine residents, PeoplesChoice Credit Union’s 84-Month CD currently ranks first.

When compared to the 181 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to Maine residents, PeoplesChoice Credit Union’s 60-Month CD currently ranks fourth.

The above rates are accurate as of 11/27/2015.

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

Related Pages: IRA rates

Long-Term CD Specials at PeoplesChoice Credit Union in Parts of Maine

In the last few months we’ve seen several banks and credit unions offer higher long-term CD rates. The latest one is PeoplesChoice Credit Union. It just started offering two CD specials: a 10-year CD with a 3.04% APY and a 7-year CD with a 2.43% APY. This 10-year CD rate requires a $500 minimum deposit, but the 7-year CD rate requires a $75,000 minimum. The 7-year CD has a 2.37% APY for $10,000 minimum and a 2.27% APY for a $500 minimum. The 7-year CD rate is listed at the...

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5.50% 9-Month CD at a Maine CU (PeoplesChoice)
PeoplesChoice Credit Union is offering a special 5.50% APY 9-month term share certificate. The minimum deposit is $500.

Field of membership includes those who live, work or attend school in York County, Maine. See site for details. Membership requires a minimum $5 deposit into your share savings account.

Branches are located in Biddeford, Sanford and Wells, Maine. The credit union is federally insured by the NCUA (Charter # 68442). It has $122.1 million in assets and 14,775 members.

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