Melrose Credit Union CD Rates
Category: Credit Union Deals- gotalkmoney.com- 8:27 am/ February 18, 2009If you’re a fan of Credit Unions, you may want to check out Melrose Credit Union’s top CD rates this week. They are offering some amazing deals that no other banks are even coming close to.
Here are the rates as of 2/18/09:
- 1 year: 3.39% APY
- 2 year: 3.55% APY
- 3 year: 3.70% APY
- 4 year: 3.85% APY
- 5 year: 4.27% APY
On top of that, Melrose CU is offering a 2.02% APY share account. In order to open up a CD, you must deposit at least $5,000.
By the research I did, this Credit Union has been quite competitive among other banks in the past few years.
Anyone can join this Credit Union and it only has a $1 one time membership fee. In order to open an account, you must provide:
- Valid photo ID
- Proof of address like a utility bill
- Social Security Number
For more information on these great rates and how to join, visit MelroseCU.org or call 718-658-9800 ext. 1014.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.79 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
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Is this credit union bank covered by FDIC.?
Comment by Herbert Hoffner — February 18, 2009 @ 10:06 pm
Hi Herbert. Credit Unions are covered by the NCUA. You can find more information about this here, http://www.ncua.gov/.
Thanks!
Comment by gotalkmoney.com — February 19, 2009 @ 7:58 am