Premier Federal Credit Union has some very competitive short-term and mid-term CD rates. The best short-term CD rates are 1.25% APY for a 6-month term and 1.55% APY for a 1-year term. Minimum deposit is $500. For a $50K minimum, the 6-month CD has a 1.30% APY. The best mid-term CD rates are 2.00% APY for a 2-year term and 2.30% APY for a 3-year term. Minimum deposit is $500 ($1,000 for IRA CDs). These rates are listed in the credit union's savings rates page as of 6/9/2011.
Credit union membership is open to those who live or work in Kings Mountain or in parts of Forest City, North Carolina. You can also be eligible if you work for one of the credit union's select employer groups that are in both North and South Carolina. Please refer to the credit union's membership page for the full details.
Premier Credit Union branches are located in several cities of western North Carolina including Greensboro, Asheville and Salisbury. There's also a branch in South Carolina in the city of Carlisle.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 4.82% (excellent) based on March 2011 data. Please refer to our financial overview of Premier Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 15863).
How These Compare
The Premier CD rates compare favorably to the best nationally available CD rates. The best 6-month and 12-month CD rates available nationwide continues to be at Connexus Credit Union. The 6-month CD rate is 1.50% APY and the 12-month CD rate is 1.75% APY as of 6/9/2011. Both of these require an active checking account. Without a checking account requirement, the best nationally available CD rates fall substantially: 1.12% APY for 6 months at AloStar Bank and 1.41% APY for 12 months at Melrose Credit Union. The best 2-year CD rate is 1.77% APY at Self-Help Credit Union.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.