Melrose Credit Union has a 1-year share certificate of deposit that earns 1.41 percent annual percentage yield (APY). The CD rate is current as of Dec. 1, 2010, and is subject to change. Other CD rates and terms include:
- 1.66 percent APY for 2 years
- 2.17 percent APY for 3 years
- 2.42 percent APY for 4 years
- 2.93 percent APY for 5 years
The certificate of deposit requires a minimum deposit of $5,000, but IRA share certificates can be opened with $4,000. All new purchases and renewals will compound dividends quarterly. You can choose to have quarterly dividends transferred to another account.
Melrose Credit Union is based in Briarwood, N.Y., but there are no restrictions on who can become a member. So no matter where you live or work you may qualify for membership. To join the credit union you must pay a one-time membership fee of $1 and make a minimum opening deposit of $25. The credit union offers a variety of financial products and services, including savings, checking accounts, and loans. Deposits at the credit union are insured to at least $250,000 by the National Credit Union Administration (NCUA).
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.57 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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