Layout Image

Archive for Credit Unions – Page 2

Best CD Rates For Week Of November 8, 2010

By BankAim · Comments (0)
Monday, November 8th, 2010

So far CD rates have not moved much in the past month. The same leaders are sitting at the top while other major banks and other financial institutions keep cutting back their rates.

By following all of the top CDs, we can tell you that the average rates have fallen for the 24th straight month in October. Bankrate keeps track of hundreds of banks and their CD rates and every month the average rate continues to decrease. There are those few and far between moments where we find a great deal such as iGObanking’s 2.25% 2 Year CD, I don’t expect this to last much longer.

Long-term rates are being hit the hardest and while the Fed has started their new bond-buying program, interest rates are expected to fall across the board over the next many months. I do not see how our leaderboard’s rates can stay this high over the next few days and weeks.

*TermBankNovember 8Last Week
3 Month CDNexity Bank0.86%0.86% APY
6 Month CDBank of Internet1.15% APY1.15% APY
12 Month CDMelrose Credit Union1.51% APY1.51% APY
24 Month CDiGObanking2.25% APY2.25% APY
36 Month CDMelrose Credit Union2.27% APY2.27% APY
60 Month CDMelrose Credit Union3.03% APY3.03% APY

Comments (0)
Categories : CD Rates
Tags : , , , , , , , , ,

Wells Fargo’s Best CD Rates

By BankAim · Comments (0)
Monday, September 6th, 2010

For most major banks you will never find a great CD rate in this economy. If you are looking for the best certificate of deposits, you are better off looking at credit unions or smaller banking institutions.

Wells Fargo is no different than Bank of America, Chase, US Bank or any other major banking institutions. If you feel more comfortable putting your money with a large bank then it’s all about where you look. None of the certificates of deposit offered at Wells Fargo will come close to the national averages for CD Rates.

If you take a look at our last CD Rate board For September 3rd, you will see how low these rates are from Wells Fargo.

Take a look at how low the short term rates are from Wells Fargo:

Those were the interest rates on a minimum of $2,500 deposited.

If you can increase your minimum to $5,000 Wells Fargo will give you better rates on its longer ‘odd’ term CD rates.

  • 23 Month CD – 0.90% APY
  • 33 Month CD – 1.15% APY
  • 54 Month CD – 1.90% APY, which the national average return for a 60 Month CD is 1.72% APY.

The main reason why someone would want to buy into these CDs is for security reasons. Most major banks are insured and while the U.S. government won’t allow them to fail, smaller banks and even some credit unions are still at risk.

Long term certificates of deposit are still not impressive and probably isn’t worth your time or money to buy at this current period of time. You are more likely to make your money back by investing into something tangible, real estate or something else that you can keep your cash free from penalty. CDs require you to keep your money in for the term or risk losing most all of your interest and possibly even some of your principle.

Be sure to check out our CD rate tables for the best deals nationally.

Comments (0)
Categories : Bank Info, CD Rates
Tags : , , , , , , , , , ,

Top CD Rates For August 30 2010

By BankAim · Comments (0)
Monday, August 30th, 2010

CD Rates Hold SteadyThere have not been many changes to the top CD Rates in the past few months. Most banks have either lowered their short-term and long-term rates or stayed steady. Nothing has changed which can either mean one of two things. The US economy is holding steady or banks have mixed emotions on what will happen next. The Fed has stated they will step in and ‘do something’ if the US economy begins to falter. As long as the Fed keeps interest rates near zero percent, CD rates and mortgage rates will continue at their low levels.

The only certificate of deposit that has moved the most in the past few weeks is the 2 year CD.

Here are the best CDs currently available to resident’s nationwide:

  • 3 Month CD – 1.35% APY at iGobanking with a minimum deposit of $500.
  • 6 Month CD – 1.25% APY at NewDominion Bank with a minimum deposit of $3,000.
  • 12 Month CD – 1.55% APY at Sallie Mae Bank with no minimum deposit.
  • 24 Month CD – 1.95% APY at NewDominion Bank with a minimum deposit of $3,000.
  • 36 Month CD – 2.50% APY at Danversbank with a minimum deposit of $500.
  • 60 Month CD – 3.03% APY at Melrose Credit Union with a minimum deposit of $5,000.

The credit union listed in our leadership board is open to anyone in the U.S. regardless of where they live or work.

Be sure to check our CD rates page for the most up to date rates.

Comments (0)
Categories : CD Rates
Tags : , , , , , ,

Redstone Federal Credit Union Jumbo CD Rate Offer

By BankAim · Comments (0)
Sunday, August 22nd, 2010

Redstone Federal Credit Union out of Huntsville, AL has some competitive Jumbo CDs that are worth mentioning. Although they have regular certificate of deposits they also have Jumbo CDs with slightly higher interest rates. For those who have at least $100,000 to lock down on a certificate of deposit, then a Jumbo CD at Redstone FCU might be the place.

Most credit unions have strict membership requirements but if you live in the Huntsville, AL area, you might already qualify. They extend their services to hundreds of small and local businesses and their employees. To see if you qualify for their not-for-profit credit union, you will want to contact them.

Redstone FCU has been in business since 1951 and has assets valued over $2.6 billion. They are also insured by the NCUA.

Redstone Federal Credit Union Jumbo CD Rates:

Be sure to check out the Redstone Federal CU’s website for the most up to date CD rates. They also carry an A+ grade with the BBB, check it out here.

Comments (0)
Categories : CD Rates, Credit Unions
Tags : , , , ,

CD Rates Hold Firm For Week Of August 16, 2010

By BankAim · Comments (0)
Monday, August 16th, 2010

CD Rates Hold SteadyCD Rates are holding steady starting off this week. There have not been any moves from the 3 Month to 5 Year CDs as the economy continues its fall, rates will stay low. CD Rates are projected to stay low until early next year, 2011. If you do get into a long term CD, ask to see if they have a one-time rate bump available, so that if rates do increase you can gain the benefits and not be stuck in an under-performing certificate of deposit.

Here are the best CDs currently available to resident’s nation wide:

Melrose Credit Union is one Credit Union that allows any U.S. resident to join with a sign up fee of $1. This makes Melrose a great option since they also have some of the Nation’s best CD rates available.

*TermAugust 16thLast Week
3 Month CD1.35%1.35%
6 Month CD1.25%1.25%
12 Month CD1.76%1.76%
24 Month CD2.02%2.02%
36 Month CD2.52%2.52%
60 Month CD3.29%3.29%

You can always compare the best CD rates from our database of banks and institutions to find the best options for your money.

Comments (0)
Categories : CD Rates, Credit Unions
Tags : , , , , , , , ,

Top 1 Year CD Rate Stays at 1.76%

By BankAim · Comments (0)
Tuesday, August 10th, 2010

With the US economy in a rut it seems like no bank is willing to challenge Melrose Credit Union for the top spot of the 1 Year CD at a rate of 1.76%. They have been holding the top spot for the 12 month CD for 2 months now. Sallie Mae is the closest contender with a rate of 1.55% for the 12 month CD, but they have a high minimum of $10,000. Any other major bank will come in with rates under 1.50% with Chase Bank at one of the lowest rates of 0.25% for the 1 Year CD.

With all of this said, Melrose Credit Union is looking even better than ever. Their minimum deposit of $5,000 is easily attainable for the average investor and is one of the few Credit Unions that is open to anyone, anywhere in the US.

Melrose has a single location in Queens, NY and has an opening fee of $1.

If you feel more comfortable with putting your money in a bank and not a credit union, Sallie Mae Bank is your next best bet. As we stated they hold the second best CD rate of 1.55%.

Other banks offering close to 1.50% APY 1 Year CD are:

  • New Dominion Bank, out of North Carolina with a minimum deposit of $3,000.
  • Discover Bank, with a minimum deposit of $2,500.
  • Bank of Interest with a minimum deposit of $500.

Many smaller banks hold interest rates around 1.50% APY, rather than bigger banks whose interest rates barely break over 1%. To find the highest CD rates you will want to look into a local Credit Union or view our list of the best CD rates currently available.

You can always view and compare CD rates from our CD rates database.

Comments (0)
Categories : CD Rates, Credit Union
Tags : , , , , , ,

CD Rates For Week Of August 9, 2010

By BankAim · Comments (0)
Monday, August 9th, 2010

The best CD Rates in the nation for CDs between 3 months and 5 years are found here:

  • 3 Month CD – 1.35% APY at iGObanking with a minimum deposit of $500.
  • 6 Month CD – 1.25% APY at New Dominion Bank with a minimum deposit of $3,000.
  • 12 Month CD – 1.76% APY at Melrose Credit Union with a minimum deposit of $5,000.
  • 24 Month CD – 2.02% APY at Melrose Credit Union with a minimum deposit of $5,000.
  • 36 Month CD – 2.52% APY at Melrose Credit Union with a minimum deposit of $5,000.
  • 60 Month CD – 3.29% APY at Melrose Credit Union with a minimum deposit of $5,000.

These are the best places to find the highest paying CD Rates currently in the Nation. Most Credit Unions have many requirements to fulfill before you are allowed to become a member but Melrose Credit Union makes it possible for anyone to join. The cost of joining their Credit Union is $1.

You can find the most up to date CD rates from our CD Rates page.

Comments (0)
Categories : CD Rates, Credit Unions
Tags : , , , , , , ,

Northeast Community CU Offers 12 Month CD Rate at 2.50%

By BankAim · Comments (0)
Tuesday, August 3rd, 2010

Northeast Community Credit Union is offering the highest CD rate we have found at 2.50% APY. We are finding that most of the best CD rates are coming from Credit Unions and not any major banks. Bank of America just announced that they dropped their long term CD rates, with other banks sure to follow. While ‘big’ banks are dropping interest rates, credit unions seem to be increasing their rates.

To qualify for the Northeast Community Federal Credit Union you must live within their specific location listed on their website or have a family member who already belongs to the Credit Union, or be a contributor or supporter of a non-profit or church within the specified area.   http://www.necfcu.org/

You also have to deposit $25 in a share account when opening your membership.

Northeast Community FCU has three San Francisco branch locations in Chinatown, Tenderloin and Visitaction Valley districts.

Be sure to call or visit their website here to verify their CD Rate offers.

Comments (0)
Categories : CD Rates, Credit Union
Tags : , , ,

Best CD Rates For Monday July 19 2010

By BankAim · Comments (0)
Monday, July 19th, 2010

Sometimes the best CD rates come from local Credit Unions. Most Credit Unions only allow local residents to join their union, making it difficult on finding the best CD Rates.

We have found two credit unions who offer the top rates nationally on 3 month up to 5 year certificates of deposit.

Most credit unions if they are not only open to local residents require you to qualify for their membership. For instance Boeing used to be only opened to Boeing employees and most local teachers credit unions where only opened to teachers. Many credit unions have been laxing their restrictions to gain the business of others.

To join the Fort Knox credit union all you have to do is join the American Consumer Council right on their website. Follow the instructions on becoming a member. For “Eligibility Criteria,” use the menu to click on “American Consumer Council/Kentucky Chapter.”

Joining this credit union is simple in terms of qualifying for their membership. Once you have completed the application process you will be automatically enrolled into the consumer advocacy group which will give you access to their best CD rates.

The cost for joining their credit union is $15.

The Melrose Credit Union allows all U.S. residents to join their membership and the cost is only $1

All deposits at Fort Knox and Melrose are federally insured by the NCUA (National Credit Union Administration).

You can compare these CD rates from a list of the top CDs currently being offered and see why they are on top of the list for best CD rates so far this month.

Comments (0)
Categories : CD Rates, Credit Unions
Tags : , , , , ,
Pages: Prev 1 2
« Previous Page

Bank CD Deals

CD Rate Averages
Free CD rate averages by Bankrate.com
Layout Image