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MIDFlorida Credit Union CD and Checking Account

MIDFlorida Credit Union currently has some pretty decent rates available. MIDFLorida credit union has competitive long-term certificate and IRA certificate rates. The best ones are a 2.00% APY CD with terms of 37 to 48 months and a 2.50% APY for terms of 49 to 60 months. The IRA CD rates are 25 basis points higher. Minimum deposit is $1,000, and the early withdrawal penalty for terms over 1 year is up to 180 days of interest. These rates are current of 5/17/2011.

The credit union is offering a $50 bonus for opening a checking account. It’s part of their Triple Pay promotion. The bonus will be paid as a credit to your MIDFLORIDA Visa Platinum credit card. So if you don’t have one, you’ll need to apply for it. There is also a $50 bonus for applying for a MIDFLORIDA credit card (new credit card accounts only). Below is the small print for the checking account bonus:

To qualify for the incentive, this must be a new Free Checking account on a base savings account that does not already have a checking account. Minimum to open is $50. For the account to qualify for incentive you must accept and open online banking, online bill payment, eStatement, eNotice, direct deposit and a debit card.

MIDFLORIDA offers a free checking account with no monthly service charge. The checking account bonus is not that much, but if you’re going to open the CD, the checking bonus may be worthwhile.

Membership to MIDFlorida Credit Union is open to anyone who lives, works, worships or attends school in any of the following areas: Polk, Highlands, Okeechobee, Hardee, DeSoto, Glades and Sumter counties or portions of Martin, Hillsborough and Pasco counties. Membership requires a $5 minimum balance in the share savings account. Please refer to the credit union’s Q&A page for more details.

Washington Federal Bank for Savings – Chicago CD Rate

. The best short-term CD deal in the Chicago area is currently at Washington Federal Bank for Savings. They have a 9 month CD with a 1.15% APY. Minimum deposit on the CD is $1,000. The rate is current as of 5/10/2011.

A branch visit is required. Branches are located in Chicago, Illinois at 2869 South Archer Avenue (773-254-3422) and at 1410 West Taylor Street (312-455-2940).

San Diego County Credit Union CD Rates

San Diego County Credit Union is offering a CD and IRA CD special with competitive long-term rates. It has a 57-month term with a top rate of 2.75% APY. This requires a $90K minimum deposit. The rate is 2.70% APY for a $10K minimum and a 2.65% APY for a $2K minimum. According to the CSR, the early withdrawal penalty is 180 days worth of interest.

There are also shorter-term CD specials as well – For a $90K minimum deposit, these include a 1.45% APY 25-month CD and a 1.10% APY 11-month CD.

Credit union membership is open to everyone living or working in San Diego, Riverside and Orange Counties. Membership requires a minimum deposit of $50 into the Primary Savings account.

San Diego County Credit Union branches are located throughout Southern California.

University of Iowa Community Credit Union Special CD

UICCU has recently announced that its reward checking rate will increase from 4.00% to 4.25% APY effective March 1, 2011. That is now reflected on its website. This 4.25% APY continues to apply to balances up to $25K.

In addition to the higher reward checking rate, the credit union has improved its mid-term CD special. The new one is a 16-month Premium Special with a 2.50% APY. This is for individuals who maintain an active checking account with direct deposit. For those without an active checking, the rate is still very competitive at 2.00% APY. Minimum deposit is $1,000.  The previous special had a 15-month term with a 1.80% APY.

UICCU’s other CD rates remain about the same. The most competitive ones include a 2.10% APY 25-month CD, a 2.60% APY 37-month CD and a 2.75% APY 49-month CD. Jumbo CDs with a $100K deposit have rates 15 basis points higher.

In addition to University of Iowa students, membership is open to those who live or work in any of more than a dozen counties in Eastern Iowa. Please refer to the credit union’s About Us page for more details.

Branches are located in Cedar Rapids, Iowa City, Coralville, North Liberty, Grinnell, Vinton and Hiawatha.

Lion Credit Union High Interest Savings Rate

Lion Credit Union is known for offering the best rates possible to members. Right now, this credit union is providing a high interest savings account that earns 1.01% APY.

If you’re not yet a member of Lion Credit Union, you must become one to obtain this savings account rate. Fees may reduce earnings. Rates for the current calendar quarter are subject to change and will be declared by the Board of Directors at the end of the current calendar quarter.

Lion Credit Union received its Arkansas state charter in 1936 when it was known as Lion Oil Cooperative Savings and Credit Union. Since then, the credit union has converted to a federal charter, expanded its list of sponsoring companies to over 40 companies and now holds over $8,000,000.00 in assets and with more than 2,800 members. If you’d like to visit this top Arkansas credit union, the branch is located in El Dorado.

Justice Federal Credit Union Tops 1 Year CDs

Justice Federal Credit Union is offering two of the top CD rates on its 1-year CDs and IRA CDs. 2.00% APY for a $500 minimum and 2.10% APY for a $100,000 minimum. These rates are currently listed in the credit union’s deposit rates page.

JFCU membership eligibility is based on employment in Select Employer Groups and membership in certain law enforcement organizations. A list of eligible law enforcement associations is available at this section of the membership page. A couple of these associations allow anyone to be a member for a fee. Once you are eligible, the instructions for joining provide an application that can be downloaded. Membership requires a minimum balance of $5 in the share savings account.

Capital View Credit Union (Iowa) CD Rates

Capitol View Credit Union has a number of certificates with competitive CD Rates. Their 36-month certificate of deposit has a 2.22 percent APY. The CD requires a minimum deposit of $2,500.

You can qualify for the following CD rates with a minimum deposit of $2,500:

  • 1 percent APY for 12 months
  • 1.51 percent APY for 24 months
  • 2.52 percent APY for 60 months

The following CD rates are for a minimum deposit of $10,000:

  • 1.36 percent APY for 12 months
  • 1.86 percent APY for 24 months
  • 2.52 percent APY for 36 months
  • 2.83 percent APY for 60 months

The credit union has other certificate of deposit products, including CD rates for minimum deposits of $25,000. You can also open a CD for an IRA.

Capitol View Credit Union is based in Des Moines, Iowa, and has been in business since 1944. Employees of the state of Iowa and their family members are eligible to join. Other small employee groups may be approved for membership from time to time. The application procedure includes making a minimum deposit of $25 to open a Share Savings account, which is required for membership.

Tinker Federal Credit Union Click Checking

Open a Click Checking Account at Tinker Federal Credit Union (TFCU) and you could earn 3.2 percent annual percentage yield (APY). The interest rate applies to balances up to $30,000. Balances above that amount earn a lower interest rate. To earn the advertised interest rate you must:

  • Use TFCU’s home branch (online access to accounts)
  • Pay at least one bill with online bill pay
  • Make at least 10 MoneyPlus purchase transactions that are signature or PIN-based
  • Sign up for electronic statements
  • Have a direct deposit or ACH transfer

Other features of the high-yield checking account include:

  • No monthly service charge
  • $25 minimum or direct deposit to open
  • No minimum balance
  • First box of 100 checks free
  • No monthly fee for MoneyPlus Visa check card
  • No transaction limits
  • No surcharge fee at the following ATMs–TFCU, ATM Zone and TransFund NC

The credit union is based in Oklahoma City, Okla. Membership is available to military and civilian personnel who work at Tinker Air Force Base, Vance Air Force Base or an Army National Guard facility listed as a business partner; contractors and their employees working at those locations can join. Other Oklahoma residents who are retired from the military, work for companies listed as a business partner or live or work in select cities also are eligible to join the credit union.

Bellwether Credit Union – NH

Bellwether Credit Union is offering a special 11 month CD.

The CD rate on this certificate is 1.49% APY, minimum balance of $500.

11 month certificate, dividend 1.49%, APY 1.5%, min. balance $500.

Certificate rates quoted above are for members with Platinum Level Loyalty Rewards Checking, and include a .20% bonus added to the base rate. Members with Gold Level Loyalty Rewards Checking receive a .10% bonus added to the base rate, and Silver Level Loyalty Rewards Checking receives a .05% bonus added to the base rate. To determine the base rate, deduct .20% from the above quoted rates.

Bellwether Credit Union serves the state of New Hampshire.

Liberty Savings FCU Tops Long Term CDs

Liberty Savings Federal Credit Union is offering three of the best CD rates you can find in today’s market. They’re all long-term CDs, the shortest being a 60-month CD which earns 2.90% APY. The 72-month deal is also among the top CD rates offered in the area today, but it’s only slightly higher than the 6-month CD at 3.00% The 48-month CD only earns 2.65% APY. You can get about the same yield from other banks which offer CDs in the same maturation bracket, but with a lower minimum deposit. The minimum deposit for all three CD deals is pretty steep. All of them require $5,000 in the bank, while the bank’s competitions offer as low as $1000 minimum deposit.

According to our latest findings, though, the only competition that comes close to these rates is Sallie Mae Bank’s 5-year CD which earns 2.75% APY.

While these remain to be the best CD rates in the market today, membership with the federal credit union is limited to individuals who reside, work, worship or study in Hudson County, NJ. If you fall under any of these categories, look at the credit union’s membership page for the application details. There is also a $10 membership fee which is slightly higher than your usual $5.

However, this fee is waived if you belong to their select employee groups. The list is also posted on their membership page. A branch visit is required to open an account with them. You can find the Liberty Savings FCU scattered throughout Jersey City and Union City, New Jersey.

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Consumer Credit Union Free Rewards Checking Account

Consumers Credit Union has a Free Rewards Checking Account with a 4.05% annual percentage yield (APY) on balances up to $10,000. The credit union is based in Lake County, Ill., but you can become a member no matter where you work or live. Other details of the checking account offer include:

  • 1.59% APY for balances between $10,000 and $25,000
  • 0.76% APY for balances over $25,000
  • No minimum balance required
  • Free Visa debit card
  • Free online banking and bill pay
  • Free electronic statements
  • Unlimited check writing

If you don’t meet the requirements of the checking account the interest rate drops to 0.05% APY. Requirements for the account include completing at least 12 debit/check card point-of-sale transactions (without using a PIN) during the calendar month. You also need to make at least one direct deposit, ACH debit, or pay one bill online each month. You also must enroll in online banking and receive electronic statements. Even if you don’t meet the requirements you still receive free online banking and bill pay, but it’s probably not worth opening the account if you don’t meet the requirements.

The checking account also has no administrative fees or ATM fees. Consumers Credit Union covers any ATM fees you are charged by other banks.

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America’s Credit Union CD Rates

America’s Credit Union is offering six competitive CDs with terms from 6 to 48 months. . These are promotional share certificates with a $25,000 minimum deposit. The rates are listed in the credit union’s deposit rates page:

  • 2.55% APY 48-month and over
  • 2.25% APY 33-48 month
  • 2.05% APY 26-32 month
  • 1.65% APY 17-19 month
  • 1.55% APY 13-14 month
  • 1.25% APY 6-10 month

According to the credit union’s Truth-in-Savings Certificate Account Disclosure, the early withdrawal penalty is up to 90 days of dividends (interest).

As a comparison to internet banks on 12/3/2010, the best 1-year and 2-year CD rates are 1.50% APY and 1.85% APY at CNB Bank Direct. The best 3-year and 4-year CD rates are 2.05% APY and 2.28% APY at Bank of Internet USA.

In addition to being open to all members of the United States Armed Forces, the credit union provides an easy way for anyone to join. According to the credit union’s Membership Eligibility Page:

We do not have zip code or employment restrictions. Just join the Association of the United States Army. Membership is open to everyone.

Civilian membership into this association costs $33.

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Public Service FCU Tops 6 Month CDs

Although short term CD rates are historically low these days, you can still find relatively lucrative APYs if you take the time to scour your state for the best CD rates. Small community banks and credit unions (as well as online banks) are most likely going to be your best bet for interest rates. Community credit unions are not-for-profit, member owned institutions which pass any profits back to their customers or “owners” in the form of higher savings rates (and lower loan rates). Online banks can generally offer higher interest rates as well due to their lack of overhead expenses by not keeping any brick and mortar branches on their books.

Public Service FCU is offering a 6 month CD with an interest rate that is currently doubling the national average, yielding 1.27% APY. To put this offer in perspective, the national average for 6 month CDs is just 0.65% APY. This CD is only available to residents of New Jersey that qualify for membership at Public Service FCU.

Southwest Financial Credit Union

Southeast Financial Credit Union has a CD rate of 2.00% annual percentage yield (APY) for a two-year term. Other CD rates include:

  • 1.4% APY for 6 months
  • 1.8% for 18 months
  • 2.2% for 30 months
  • 2.35% for 3 years
  • 2.55% for 4 years
  • 2.75% for 5 years

When money is withdrawn from a certificate of deposit early there is a penalty fee of all dividends on the amount withdrawn or 30 days dividends for terms of six months or less. For terms of  more than six months the penalty is all dividends on the amount withdrawn or 60 days dividends on the withdrawn amount. The early withdrawal penalty may be waived in certain situations, such as the death of an account holder.

Southeast Financial Credit Union is one of the largest credit unions in Tennessee. It has more than 60,000 members in several states, including employees of BellSouth and the state of Tennessee.  There are more than 200  other companies and organizations that have employees who are eligible for membership. The credit union has 17 branches and offers online banking.

In addition to certificates of deposit, Southeast Financial Credit Union offers savings and checking accounts, credit cards, home loans, lines of credit, and financial planning.

Credit Union of Colorado Savings Accounts

Credit Union of Colorado is advertising a Share Savings Account, a Holiday Savings Account and a Health Savings Account. The Share Savings and Holiday Savings accounts have a savings rate of 0.25 percent with an annual percentage  yield of 0.25 percent. The Health Savings Account (HSA) has the following savings rates.

Health Savings Account Rates

  • Balance $0 – $2,499 – 0.35% Rate 0.35% APY
  • Balance $2,500 – $4,999 – 0.45% Rate 0.45% APY
  • Balance $5,000 – $9,999 - 0.50% Rate 0.50% APY
  • Balance $10,000+  -  0.75% Rate 0.75% APY

Credit Union of Colorado also features two money market accounts. Their Insured Money Management Fund currently has a rate of 0.35 percent with an annual percentage yield (APY) of 0.35 percent. The minimum opening deposit is $2,500.  The minimum balance to earn the stated APY
is also $2,500.

The Insured Money Market Plus Account has a minimum opening balance of $10,000. Following are the current Insured Money Market Plus Account rates and APY.

  • Balance $10,000 – $24,000 - 0.50% Rate 0.50% APY
  • Balance $25,000 – $49,999 - 0.75% Rate 0.75% APY
  • Balance $50,000+ - 0.90% Rate 0.90% APY

For the list of their savings account rates and money market account rates visit