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CD Specials - Terms Over One Year


This is a continuation of yesterday's post of my list of CD promotions from small banks and credit unions. Instead of short term CDs, I'll list the longer term CDs with terms over 1 year. They range in terms of 13 months to 5 years.

As I mentioned before, you usually have to live near a branch to get one of these high interest CDs. I've included the city and state of the main branch so you can quickly determine if the deal is applicable to you. Note, many have branches in other cities, and credit unions may have other membership requirements besides location.

The best deal for longer term CDs is offered by the same credit union that had the best short term deal. It's a CD promo from Garden Savings Federal Credit Union. The APY is 5.38% for a 24 month CD. The credit union's main office is in Parsippany, New Jersey. Looks like its field of membership is primarily related to company affiliation.

As a comparison with national rates, the best 2 year CD listed at Bankrate.com is from Stonebridge Bank with an APY of 4.55%.

13 and 14 month CDs

15 Month CDs
  • 4.57% - ? min, Burlington, Massachusetts, Milestone Federal CU
  • 4.20% - $5K min, Madison, Wisconsin, Capitol Bank
  • 4.16% - $5K min, Remer, Minnesota, Woodland Bank

18, 19 and 20 month CDs

22, 23, and 24 month CDs
  • 5.38% - 24m, $1K min, Parsippany, New Jersey, Garden Savings Federal CU
  • 4.39% - 22m, $500 min, Lake Mills, Wisconsin, Bank of Lake Mills
  • 4.35% - 23m, $500 min, Greenville, South Carolina, The Palmetto Bank

28 to 36 month CDs

60 month CDs
  • 5.25% - has bump up feature, $10K min, Fargo, North Dakota, Town & Country CU
  • 4.58% - $1K min, Springfield, Illinois, Bank of Springfield (Not a great rate, but the name reminded me of the Simpsons :-)

Note, all rates were advertised on the institutions' websites as of Sept 15, 2005. For my list of national short-term CD deals, refer to my Deal Summary for Sept 10th.