If you are looking for CDs in the Denver area, it's hard to beat Security Service FCU, but this credit union just south of Denver has SSFCU beat with a 5-year CD. It's Red Rocks Credit Union, and it's offering a 3.04% APY 5-year CD. The 4-year CD rate is also very competitive with a 2.53% APY. Minimum deposit is $5,000. These rates are listed in the credit union's savings rates page as of 5/10/2011. According to the account disclosure, the early withdrawal penalty is equal to 180 days of interest for terms over 12 months.
Membership is open to those who live, work, worship or attend school in Douglas County, Colorado. Please refer to the credit union's history page for the full details.
Red Rocks Credit Union branches are located in Littleton and Highlands Ranch, Colorado.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 4.96% (excellent) based on December 2010 data. Please refer to our financial overview of Red Rocks Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68560).
Searching for the Best CD Rates
There are not many 5-year CDs with rates over 3.00%. As of 5/10/2011 the highest 5-year CD rate available nationwide is 3.00% APY at Connexus Credit Union. This requires an active checking account. The second best is still Melrose Credit Union which is offering a 2.93% APY 5-year CD.
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.