2.50% 12-Month CD at Workmen's Circle Credit Union in Georgia - Local Only

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Workmen's Circle Credit Union is offering some very competitive short- and mid-term CD rates. The rates listed in the credit union's CD rate table as of 2/13/2010 include:

  • 2.01% APY 6 month CD
  • 2.50% APY 12, 15 and 24 month CD

Minimum initial deposit is $5,000. There is a 30 day interest penalty for early withdrawal. CDs are available for business, personal and IRA accounts.

The credit union also has a very competitive money market account. It's a tiered-rate account with top rates for balances over $20K. The rates listed in the credit union's savings and MMA table as of 2/13/2010 include:

  • 2.25% APY $20K-$50K
  • 2.50% APY $50K-$100K
  • 2.60% APY $100K-$500K

Membership is open to those who live or work in Chatham County, Georgia with one exception. You may not qualify if you are eligible for membership at another occupational credit union within Chatham County. I'm not sure exactly what is meant by this. Refer to the credit union's membership page for the full details.

It's a small credit union with one office located in Savannah, Georgia.

The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 67892).

Comments
5.20% 12-Month CD at a Georgia CU
The Workmen's Circle Credit Union (WCCU) is offering a 5.20% APY 12-month CD. There is a $5K minimum deposit requirement, and the certificate is available for business, personal and IRA accounts. This special doesn't seem to be listed at the credit union's website. It was advertised in the March 20th edition of the Savannah Morning News. The ad is available online here.

The credit union's field of membership includes residents of Chatham County, Georgia. This is a small credit union with 808 members and $18 million in assets. It's NCUA insured.

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