7.00% 7-Month CD at a Utah Credit Union - $7.7K Max (Utah First).


Utah First FCU is offering a special 7% APY 7-month certificate. The maximum deposit is $7,777. This doesn't seem to be listed at the credit union's website. A reader emailed me info on this, and I called for further details. I was told that this special was originally going to end last Saturday, but it has been extended to July 16th. It's available at all of their branches. The special CD requires their Nirvana checking account which requires direct deposit. The Nirvana checking account does have some nice features such as free checks, free outgoing wire transfers and no monthly service charges.

The $7,777 deposit cap does lower the benefit of this deal. You'll earn about $90 in this CD over a 5% account during the 7 months. The credit union also has high rates on its standard certificates which include a 5.70% APY 60 month CD with a $50K minimum. However, it should be noted, CD rates in Utah tend to be higher than average.

Field of membership includes residents of Salt Lake, Davis, Utah or Weber County. You can also be eligible via select employee groups or via immediate family. See the credit union's about page for more details. Membership requires a minimum deposit of $50 into the share savings account.

Branches are located in the Utah cities of Midvale, Woods Cross, Farmington, American Fork, Provo and Salt Lake City. The credit union is federally insured by the NCUA (Charter # 528). It has $194.9 million in assets and 20,535 members.

Thanks to the reader who emailed me this info.
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