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Archive for cd rates from credit unions

Competitive CD Rates from Self-Help Credit Union

By BankAim · Comments (0)
Tuesday, May 29th, 2012

Certificates of deposit are a great way to save because there’s almost no risk involved while keeping your money in a place where higher interest is ensured. One financial institution that offers the best deals and rates in terms of deposits is Self-help Credit Union. The institution is FDIC insured and their main goal is to help their clients and customers get the best financial services possible.

Certificates of Deposits and Rates

Those who will open certificates of deposits will have peace of mind because they are guaranteed a certain interest rate which they can choose to lock in at the beginning of their term. The longer the term you choose, the higher the interest rate offered to you. Plus you don’t have to invest such a big amount since the minimum investment is only $500 with terms from three months to five years.

For a minimum deposit of $500 dollars in a three month term, you can get an annual percentage rate or APR of 0.50% and an APY of 0.50%. Those who will be choosing the twelve month term will have an APR of 1.05% and an APY of 1.06%. While an APR of 1.25% and an APY of 1.26% for the term of 24 months or two years. And for the 36 month term, the APR is 1.50% and APY of 1.51%. The rates will obviously depend on the term thus clients should really decide on how long or what term they are going to choose.

These rates are quite helpful and advantageous for those who are looking to take advantage of what certificates of deposits can offer.

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Find Great CD Rates From Nashville Credit Union

By BankAim · Comments (0)
Saturday, March 31st, 2012

There is safety in savings, and certificates of deposit are the perfect example for this. But getting yourself a good deal with a competitive interest rate may be hard to do. However, great offers can come from local companies, and Nashville Credit Union is no exception.

CD Rate Offers

Nashville Credit Union offers varying certificate deposits to suits every individual’s different needs. To date, their 1-year APY of 1.31% is their best offer as the market in national CD rates comes even lower than that which NCU offers. Although this offer still rings far from fellow credit unions, such as Riverfork Federal CU’s 1.40% APY, this is a good rate deal nonetheless.

Term – APY – Penalty

8 months
(240 days) - 1.05% – 90 days
12 months
(365 days) - 1.31% – 90 days
15 months
(450 days) - 1.31% – 90 days
24 months
(730 days) – 1.76% – 180 days
36 months
(1095 days) - 1.81% – 180 days
60 months
(1825 days) – 1.81% – 365 days

Should an early withdrawal be issued, the penalty rates are placed at a variable amount.

To open an account, a minimum deposit amounting to $1,000 is required. Interests incurred from the investment shall be added to the account on a quarterly basis. And unlike other companies, there is no maintenance fee needed, so you can just literally sit back, relax, and let NCU do all the work for your money’s growth.

Applying For Membership

Credit unions are notorious for their exclusivity in terms of membership, but at NCU, many organizations or employees of affiliated companies can become a member. These companies include Martin Motors, Spandeck, Propex Fabrics Co., BH Electronics, and Steel Building Sytems Inc. among many others.

Individuals who may be related by blood to the employees of the said companies are also eligible for membership. Retired professionals and their family members can join NCU as well.

About NCU

This company was founded in 1973 and started out as a cooperative to residents of Nashville. Many years later on and countless accreditations after, NCU is now duly recognized by the National Credit Union Administration. It offers services such as savings and checking accounts, as well as loans.

Certificates of deposits are certainly a reliable way of saving up money for something you need in the future. Once you open a CD account with NCU, you can make those short-term or long-term goals come true in no time.

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Quabbin Credit Union’s CD Rates: Competitive and Secure

By BankAim · Comments (0)
Monday, March 26th, 2012

Long-term Cd rates have fallen desperately this following week, ending up in averages of only 2.45% form 10-year terms. However, the same cannot be said for shorter terms. Certainly, many companies have held on such quite competitive rates. Here, we focus on a credit union that has been offering quality returns of investment to satisfied customers since 1930.

How the Rates Compare

Quabbin Credit Union has many terms form their high-yield certificates of deposit. Starting off with their regular 6-month term, one can secure an APY of 0.85%. If this doesn’t sound much to you (although the national average for a 6-month term is at 0.47% – quite a good deal in itself!), Quabbin CU also offers a 6-month special. Instead of 0.85%, you can enjoy an APY of 2.25%. Sounds good? It certainly is.

To get hold of their special 6-month rate, a visit to their webpage is required as information specifics on this offer is available only upon request. one has to simply maintain a maximum deposit of $100,000. This offer is only good for an undisclosed limited period of time as well, so grab it while you can.

A look at their other rates shows us that their 1-year term has a fixed APY of 1.00%, while an 18-month CD has a 1.10% growth. The 24- and 30-month APY are fixed at 1.250% and 1.300% respectively. Their longest term at 36 months has an APY of 1.450%.

All Cd terms require a minimum deposit of $5,000, except for both 6-month terms which only sets the limit on $1,000.

Quabbin Credit Union has several branches although it also operates online. The only difference between opening an account in person and online is the time convenience from the latter. Setting up an account is fairly simple. Instructions will help every interested investor every step of the way.

Thirty days before your chosen CD account matures, you will be sent a letter to inform you of this status. For those who are interested in rolling-up their money once again, they may do so. If the current rate at such time is much higher than your first term, then this might be a very good thing to do.

About Quabbin Credit Union

Quality service to people has long been the cornerstone of QCU. And no wonder – today it has over $78 million in assets and thousands of loyal and satisfied customers. QCU is a division of Athol credit Union.

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CD Rates from TFCU Remain Competitively Relevant

By BankAim · Comments (0)
Saturday, March 24th, 2012

Sometimes, local deals have the best offers. This goes true for the certificates of deposit offers from El Paso Area Federal Credit Union. Let’s take a look at what they offer.

About the Rates

TFCU has three different kinds of share certificates – the regular, the jumbo, and the Save-a-Lot. Both the regular and jumbo CD offers have fixed terms which allow your investment to grow over the maturity period with the current interest rate being offered today. The Save-a-Lot offer is great for those who are just starting out with a small amount of investment. You get to open a one-year CD and earn interest every three months. What’s more, minimum deposits of $10 are allowed regularly, so you can still maintain your account at the lowest possible amount ever.

Another great offer by TFCU comes when you open Rate Plus Certificates of 18 or 30-month periods. Once you sign up for either account, you start gaining interest based on the current rate. However, during the course of its maturity, you can choose to increase the dividend rate once. This allows you take advantage of a higher rate if ever a time should occur.

For the Regular certificates, the rates are as follows:

Term - APY
91 days - 0.45%
6 months - 0.75%
12 months - 1.21%
18 months - 1.36%
24 months - 1.36%
30 months - 2.27%
36 months - 2.27%
48 months - 2.27%
60 months - 2.88%

As for the Save-a-Lot account, the APR and APY are fixed at 1.20% and 1.21% respectively.

Below are the rates for the Jumbo Certificate accounts:

Term – APY
6 months - 0.85%
12 months – 1.31%
18 months – 1.46%
24 months – 1.46%
30 months – 2.37%
36 months – 2.37%
48 months – 2.37%
60 months – 2.98%

The dividends for all accounts are paid upon maturity. The initial deposit required for a regular 91-day and 6-month term is $2,500. As mentioned, the minimum deposit for the Save-a-Lot account is only $25, while the rest of the regular accounts are fixed at $500. All Jumbo certificates require an initial deposit of $50,00.

These rates all offer a great way for you to save up on your next family vacation or a new car. Whatever it is, you can be sure that opening a CD account under El Paso TFCU provides you higher returns than most companies today.

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Give the Perfect Valentines Day Gift with GECU’s High APY CD Account

By BankAim · Comments (0)
Tuesday, February 7th, 2012

It’s the Love month once again, and you might already be thinking about the perfect Valentines gift for your loved ones. If you’re looking for something that can last longer than flowers or chocolates, then how about giving your sweetheart something that’s worth the money – and with a greater cashback reward as well. Open a certificate of deposit account, and give him/her a gift well worth investing in.

CD rates from different banks and credit unions have so much to offer, and they all vary in their APY offerings in order to woo consumers. However, it helps to choose a company that has competitive CD rates. One such example is the General Electric Credit Union. With its APY rate of 1.05%, it is able to overshadow the National CD average rate of 0.75%.

How Good It is

Certificates of deposit give anyone the chance to let their money grow in a specified period of time. It provides a certain stability and lets you earn more money than you’ve previously put in. CD rates these days have been on a steady fix, and opening an account is just very timely. GECU can help you set up an account with very minimal requirements. As long as you have an initial deposit of $500, you’re good to go. For their jumbo packages, they will require a $100,000 minimum. Once you’ve locked in your amount, you can then choose from any of the following terms:

TERM – APY
182 Days – 0.83%
1 Year – 1.05%
18 Months – 1.24%
2 Years – 1.49%
30 Months – 1.73%
5 Years - 2.63%
1 Year Jumbo – 1.42%

The rates shown on the table will remain fixed for the entire remainder of your terms. Upon maturity, an automatic renewal will be placed, but you can also withdraw the full amount as you wish. Either way, you will be getting more than what you’ve paid for initially. Allow the full maturity time to pass however, so that you will not incur any penalty fees.

Opening a high-earning CD account truly is a gift in itself. And the best part? You can spend the money you’ve kept safely tucked away to go on a romantic cruise with your sweetheart next Valentines day!

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Digital Credit Union Gives 1.25% APY on 1 Year Cd

By BankAim · Comments (0)
Sunday, December 25th, 2011

It seems that certificates of deposit rates have been holding steady for the past several months. When you check the CD rate leader board, you see the same banks with the same rates. Currently, the highest CD rate from banks on a 1 year CD is from CIT Bank, this has been so since October. However, it’s good to know that a higher rate is being offered by Digital Credit Union, which is 1.35% on a 12 month CD.

CD Rates from Digital Credit Union

3-5 months – 0.75%
6-11 months – 1.10%
12-23 months – 1.25%
24-35 months – 1.35%
36-47 months – 1.76%
48-59 months – 2.25%
60 months – 2.76%

How These Rates Compare

Other great rates from Digital Credit Union is their 3-5 month rate which currently beats the highest CD rate from banks which is Virtual Bank at 0.60%. And if their short term CDs are competitive, the long term CDs also boast of a better rate than the highest nationally available from banks which is Intervest Bank’s 1.97% Rate.

However, it is common knowledge that credit unions are expected to offer higher rates than banks. So how do these rates compare to other share certificates offered by credit unions? At this point, Navy Federal Credit Union is offering a higher 1 year CD with a 3.00% rate, First American Credit Union also has a slightly higher advantage with a 1 year rate of 1.76%. It goes to show that although Digital Credit Union’s rates can appear stronger than what banks have to offer, other credit unions may have better offers.

Digital Credit Union Membership

Credit Unions are usually restrictive in their membership. In this case however, it appears that anyone can join DCU by becoming a member in one of their participating organizations. For example, Reach Out For Schools is an organization that helps raise money to donate to primary and community schools. Membership starts at only $10. Another organization is American Association of People with Disabilities with a membership of $15. Just pay your membership dues and you are now eligible to join DCU. Of course there are other ways to become a member, membership eligibility can be found in their website.

The fact that DCU can open its doors to just about anyone is also a factor to consider since credit unions such as Navy Federal Credit Union are restrictive in membership. If you want to start growing your savings now, DCU may be the place to start.

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Grab A 3.00% APY on 1 Yr CD with Navy Federal Credit Union

By BankAim · Comments (0)
Tuesday, December 6th, 2011

Navy Federal Credit Union does it again. Right now, they are offering an extremely high 1 year CD rate with a 3.00% APY. This rate is by far one of the highest available among banks and other credit unions considering the term.

The Promotion

The special certificated of deposit is called the Special Easy Start Certificate with a low minimum deposit of only $50. This CD has a term of 1 year with a whopping rate of 3.00% APY. The deposit is also compounded either daily or monthly.

How The Rate Compares

Right now, the highest 1 year CD nationally available from banks is from CIT Bank at only 1.15% APY. Credit Unions, being known for giving higher rates do offer much better rates but almost none as good as what Navy Federal is giving. Other 1 year CD’s from credit unions are at 1.26% from First Credit Union, 1.20% from Alliant Credit Union, and 1.15% from Melrose Credit Union. The only other credit union that beats this rate is from Patelco Credit Union at a promotional rate of 5.00%.

Other Rates From Navy Federal Credit Union

Other interesting rates from Navy Federal Credit Union includes their 7 year CD with a 2.80% APY. Most of the rates from the credit union aren’t as competitive as some banks and other credit unions, but they are still higher than the national average.

About Navy Federal Credit Union

This institution has been known for giving great interest rates and mortgages to their members. Membership is exclusive to some criteria such as being part of the Armed Forces, employed in the Department of Defense, relatives of qualified persons, and extended family. More details on membership can be found on their website. They also provide an eligibility wizard for you to easily determine if you are qualified to be a member or not.

Navy Federal Credit Union is one of the most established credit unions in the nation. It is also insured by the NCUA and it has its roots since 1933.

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Worcester Fire Dept. Credit Union Has Best 12 Month CD Rate

By BankAim · Comments (0)
Friday, September 9th, 2011

It must be true, Credit Unions always offer the highest rates on CDs. Worcester Fire Dept. Credit Union is offering a rate of 1.71% APY on their 12 month CD with a minimum deposit of $1,000. That beats the next best deal from AloStar Bank of Commerce at 1.21% APY.  This is a better rate than what any major bank is offering for the same terms. For instance, Bank of America is offering a rate of 0.50% APY on a $10,000 minimum for the same 12 month term. Chase is offering 0.25% APY and Wells Fargo isn’t worth mentioning as their rates are low and their minimum deposits are high. Its best to find the best rates on our CD rate table as these rates will be available to anyone within the US or go to your local Credit Union and ask them what their current rates are.

Here are W.F.D.C.U’s other CD rates and terms:

  • 6 Month CD – 1.51% APY
  • 18 Month CD – 1.91% APY
  • 24 Month CD – 2.12% APY
  • 36 Month CD – 2.32% APY

All of these terms require an active status with the credit union and also requires a minimum deposit of $1,000.

Worcester Fire Dept. Credit Union is located in Worcester Massachusetts and opened its doors to business in 1937 as a way of giving back to its firefighters. The Credit Union also offers a variety of financial products such as loans, credit cards, and deposit accounts. Be sure to contact Worcester Fire Dept. Credit Union to learn about setting up an account and benefiting from the best CD rates on the market.

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Connexus Credit Union Gives 1.75% CD Rate

By BankAim · Comments (0)
Wednesday, August 10th, 2011

Nowadays Credit Unions are the only institutions that can give relatively high CD Rates. There is no bank today that can offer the rates credit unions have on their table. The only problem is, you have to be a member of the union to avail of these rates. By definition, the members who have accounts in the union are also the owners of the union. And normally, it is only the members of the union who are capable of depositing money with the credit union, or borrow funds from it. This system allows the union to provide superior service, plus help monitor member’s financial health.

Today, one credit union that offers the highest CD rates is Melrose Credit Union. However, another union has stepped up and is offering rates even higher than Melrose. And that’s from Connexus Credit Union. Below are some comparisons of the rates they offer:

1. 6- month CD
Melrose Credit Union: (none)
Connexus Credit Union: 1.50%

2. 1 year CD
Melrose Credit Union: 1.31% APY
Connexus Credit Union: 1.75% APY

3. 5 year CD
Melrose Credit Union: 2.83% APY
Connexus Credit Union: 3.00% APY

Rates from both credit unions are extremely competitive and better than what traditional banks have to offer. Rates from Connexus Credit Union is available for deposits $10,000 and up with active checking. Rates for deposits less than $10,000 can enjoy slightly lower rates that are still higher than other banks. For accounts $1-$9,999, the rate for a 6 month CD is 1.00%, 1 year CD is 1.25%, and 5 year CD is 2.25%.

Although the rates are juicy, the first qualification questions they will ask is whether or not you are a member of the Connexus Association, Northcentral Technical College, Liberty Mutual Insurance, UMR, and Wasau City Employers credit union. If you have that under your belt, then the rest of the application form should be easy.

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