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POSTED ON BY Ken Tumin
Often your local credit unions will have some great CD specials. Here's a list of the best certificate of deposit rates that I've found at credit unions around the country. One thing to note about these specials is that they're only offered for a limited time. All of the CDs that I list below were being advertised at the credit union websites as of September 8, 2005.
Space City Credit Union of Houston Texas is offering the highest CD rate that I've seen. The rate is 9.38% APY for a 9 month CD. How is this possible? The maximum deposit that qualifies for this rate is only $2K. So with $2K, it's really only like a 4% 9-month CD with a $80 bonus. But that still is a good deal. Their membership eligibility is listed here.
Soo Co-op Credit Union of Sault Ste. Marie of Michigan is offering 5.10% APY on its 5 year CD. A 5 year CD rate over 5% is hard to find these days. It does require a $10K deposit.
NorthWest Plus Credit Union in Washington State is offering a 1 year CD rate of 4.58% APY. One nice feature is that the minimum required deposit is only $500. The main office is in Everett Washingtion. It seems to have a wide field of membership including all those who live in Washington State.
Florida Credit Union has a 21-month CD paying 4.32% APY with a minimum deposit of $10K. It's not the highest CD rate but it's competitive considering ING's 2 year CD is only 4.2%. Their field of membership is listed near the bottom of their home page and includes residents of many Florida counties including Alachua, Bradford, Citrus, Columbia, Gilchrist, Levy, Marion, South Clay, Suwannee, and Union County.
University of Iowa Community Credit Union has a 15-month CD with an APY of 4.25%. Their field of membership is detailed at the bottom of their FAQ. It includes Iowa residents living in the following counties: Johnson, Linn, Iowa, Cedar, Tama, Muscatine, Louisa, Keokuk, Poweshiek, Benton, Jasper, Marshall, Mahaska, and Washington.
For more information on finding credit unions, refer to this previous post of mine.
Space City Credit Union of Houston Texas is offering the highest CD rate that I've seen. The rate is 9.38% APY for a 9 month CD. How is this possible? The maximum deposit that qualifies for this rate is only $2K. So with $2K, it's really only like a 4% 9-month CD with a $80 bonus. But that still is a good deal. Their membership eligibility is listed here.
Soo Co-op Credit Union of Sault Ste. Marie of Michigan is offering 5.10% APY on its 5 year CD. A 5 year CD rate over 5% is hard to find these days. It does require a $10K deposit.
NorthWest Plus Credit Union in Washington State is offering a 1 year CD rate of 4.58% APY. One nice feature is that the minimum required deposit is only $500. The main office is in Everett Washingtion. It seems to have a wide field of membership including all those who live in Washington State.
Florida Credit Union has a 21-month CD paying 4.32% APY with a minimum deposit of $10K. It's not the highest CD rate but it's competitive considering ING's 2 year CD is only 4.2%. Their field of membership is listed near the bottom of their home page and includes residents of many Florida counties including Alachua, Bradford, Citrus, Columbia, Gilchrist, Levy, Marion, South Clay, Suwannee, and Union County.
University of Iowa Community Credit Union has a 15-month CD with an APY of 4.25%. Their field of membership is detailed at the bottom of their FAQ. It includes Iowa residents living in the following counties: Johnson, Linn, Iowa, Cedar, Tama, Muscatine, Louisa, Keokuk, Poweshiek, Benton, Jasper, Marshall, Mahaska, and Washington.
For more information on finding credit unions, refer to this previous post of mine.