Best CD Rates 1 Year Term Credit Unions
Posted on July 7th, 2011
The best CD rates 1 year term credit unions might have a limited cliental list but are still worth a look for investing your money. Because they return the profits of the institution beck to its members, their rates are generally higher than other financial institutions.
The best CD rates that can be currently found are from LOMTO Federal Credit Union that covers the New York Area. They have a 1 year CD that is earning an APY of 1.41%. There is no minimum deposit amount listed on their website.
The Melrose Credit Union was originally opened to serve the people of Bronx NY. They have since broadened their membership restrictions to include a greater portion of residents in the New York Area. They are offering a 1 year CD that is earning an APY of 1.31%. The minimum deposit amount to obtain this rate is $5,000.
The next best bank CD rates is from Alliant Credit Union. This is the CU formed to serve the employees of United Airlines and now also includes several other affiliated businesses. They are offering a 1 year certificates of deposits rate of 1.20% for a minimum deposit of $1,000. For a minimum deposit of $25,000 you can obtain the CD rate of 1.30%.
Connexus Credit Union has the best CD rates, but you must also have a checking account open with them to obtain these rates. This is the CU that was formed to serve the employees of the Wausau Insurance Co, but now include more businesses. With the opening of an Active Checking account and a minimum deposit of $500 you can earn an APY of 1.25%. With a minimum deposit of $10,000 you will earn an APY of 1.75%.
These are the best CD rates 1 year term credit unions have to offer for July 2011.
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Tags: Credit Unions, Term Credit, Term Credit Unions, Unions
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