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.

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.

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