It seems the trend of credit unions giving out the best CD rates still holds true for jumbo certificates of deposits. Right now, one of the highest jumbo CD rates come from Neighbors Federal Credit Union. Right now, their 1-year jumbo CD boasts a 1.25% APY. This is considerably higher than the top jumbo CD from banks which is 1.21% from AloStar Bank of Commerce.
Jumbo CD rates are for those investments of $100,000 and above, and are usually made by small businesses and rarely by individual depositors. Below are more rates from Neighbors Federal Credit Union:
Certificate and APY
* 6 Months – 1.00 %
* 12 Months – 1.25 %
* 24 Months – 1.50 %
* 36 Months – 2.00 %
* 48 Months – 2.25 %
* 60 Months – 2.50 %
Most Credit Unions only offer their rates to members, and usually this membership is limited depending on the union’s community. Neighbors Federal Credit Union only serves those who works, lives, worships, or attends school in the following nine Louisiana parishes: Pointe Coupee, East Baton Rouge, Ascension, West Baton Rouge, Livingston, East Feliciana, West Felciana, Saint Helena and Iberville. It seems that Louisiana has a lot to be happy about.
For those who are not eligible to join the union, AloStar Bank of Commerce still gives a competitive rate which may be worth considering. There are also many other credit unions all over the state that may just provide a good rate for small businesses who are looking for places to park their money while the economy is still at a turmoil. AloStar also offers competitive rates to regular certificates of deposit.
Despite the low rates, certificates of deposit may still be the better choice considering these times since the stock market may be too volatile at the moment. Investors and small businesses can only hope for an improvement in the economy, and for an increase in rates. As for regular certificates of deposit, credit unions still offer the highest rates, lead by Worcester Fire Department Credit Union.
Some of the highest savings accounts are paying more than some of the best short term CDs at 1.50%. With Readysaver.com taking the top spot for the highest savings account rate, this knocks down many short term CD rates. The average 
