Best CD Rates Blog

Everyone’s Federal Credit Union provides attractive interest rates for their short term and mid-term certificate of deposits. The credit union has the following current CD rates:

$500 to $9,999.99

• 3 months        0.39% APY
• 6 months        1.193% APY
• 12 months      1.350% APY
• 25 months      1.498% APY

$10,000 to $49,999.99

• 3 months        0.49% APY
• 6 months        1.243% APY
• 9 months        1.342% APY
• 13 months      1.498% APY
• 25 months      1.599% APY

$50,000 and above

• 3 months        0.49% APY
• 6 months        1.243% APY
• 9 months        1.392% APY
• 13 months      1.599% APY
• 25 months      1.701% APY

In case you decide to get some money out of your CD account before it matures, expect that you will have to pay for an early withdrawal fee. You also need to at least maintain a balance of $500 to earn this top CD rates. Please be reminded that once the account is opened the interest rates may change. You may check with the credit union for their latest certificate of deposit rates.

If you are not yet a member of Everyone’s Federal Credit Union, you need to call customer service to get the list for their field of membership thru 575-461-0433 press 3. You are also required to pay a one time membership fee of $2 and deposit a minimum of $25 for the your new Regular Share account. You are also required to maintain this amount on your savings account.

The credit union has 3 branches located in the cities of Vaughn, Santa Rosa, and Tucumcari in the state of New Mexico.

Everyone’s Federal Credit Union started providing its services in 1954. Currently, they have grown to have over $21.7 million in declared assets. The credit union is federally insured by the National Credit Union Association with charter number 9370.

Melrose Credit Union is currently offering a 2.93% 5 year CD which is currently second best to Connexus Credit Union’s 3% 5 year rate, although Connexus requires you to open a checking account with them to get their CDs. Melrose is also offering a 2.42% APY 4 year CD and a 1.41% 1 year CD. The minimum deposit is $5,000 or $4,000 if you’re opening an IRA account. The early withdrawal penalty for CDs a year or over is 180 days of interest.

Melrose Credit Union’s membership is open to anyone. The physical credit union is located in Queens New York. They are insured by the NCUA and have a 4 out of 5 star soundness rating from BankRate.

OneWest Bank has a new online CD special with a very competitive rate of 2.15% APY for terms of 10 to 18 months. Minimum deposit is $5,000. This rate is listed at OneWest Bank’s CD rates page as of 8/24/09.

OneWest Bank also increased the low tier rates of its E-Money Market Account. The rate for the $10K tier is now 1.85% APY. This used to be 1.25%. The rate is listed at OneWest Bank’s E-Money Market page as of 8/24/09.

Another top CD at OneWest Bank is its Online Keep Your Options Open CD. It’s a liquid CD that allows additional deposits up to a maximum principal balance of $100,000. It also allows two penalty-free early withdrawals. OneWest is currently offering this CD with a 1.90% APY and a term of 12 months.

It’s important to note that the above rates are only available online. OneWest branch rates are lower.

OneWest Bank used to be IndyMac Bank. The FDIC completed the sale of IndyMac in March to new owners who renamed it OneWest. With OneWest Bank being a new bank it doesn’t have the bad loan baggage of IndyMac. This bank is FDIC insured. 

Asia Bank, N.A.’s New York branches are offering some attractive CD rates. The two must competitive include the 6-month CD with a yield of 4.25% APY and the 12-month CD with a yield of 4.50% APY. The minimum deposit is $1,000.

It appears that a branch visit may be required to open an account. The bank’s New York branches are located Flushing, Elmhurst and New York City.

Although Asia Bank’s website doesn’t give an appearance of strength, it does have some strong financial ratings: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com.

National City Bank is advertising a new CD special today: 5.00% APY for terms of 19 to 35 months. The minimum deposit is $10,000. The 4.00% money market account special is also being advertised. The 4% APY is guaranteed for 180 days. In Florida, the money market requires a minimum balance of $25,000 to earn the 4%.

In Indiana, the minimum balance is advertised as only $5,000. Here’s the Florida National City ad and here’s the Indiana ad. Note, the Indiana ad states that this is available at National City locations in IN, IL, KY, MI, MO, OH, PA and WI. Both ads list the end date of 9/13/08.

Telesis Community Credit Union is offering a special certificate with a yield of 10% APY and a term of 5 months. The minimum deposit is $500, and the maximum is $2,000. It requires opening a new checking account with direct deposit of payroll or social security of at least $500. The minimum initial deposit for the checking account is $100. The offer ends 8/31/08.

Membership is open to those who live, work or worship in the San Fernando Valley, Santa Clarita Valley, or Ventura County in Southern California. You can also be eligible if you live, work or worship in Lafayette, Moraga, Orinda, Walnut Creek or Pleasant Hill in Northern California’s Contra Costa County. There is no initial balance requirement for the share savings account.

Branches are located in the California cities of Northridge, Camarillo, Canyon Country, Simi Valley, Valencia, Van Nuys, Westlake Village and Woodland Hills.

AmTrustDirect just increased the rates on many of its online CDs. A yield of 4.00% APY is now available on all terms from 12 months to 60 months. The yields for the shorter terms are 3.51% APY for a 6-month CD and 3.76% APY for a 9-month CD. Minimum on all accounts is $1,000.

Here’s some of the details:

• Online application allows for funding by ACH transfer or check
• IRA CDs are not available online
• The early withdrawal penalty is 3 months of interest for terms 11 months or less, 6 months for terms of 12 to 23 months, 9 months for terms 24 to 47 months and 12 months for terms of 48 months or more
• Accounts can be opened with up to two beneficiaries
• When CD matures, you can request closure of the CD by either mail or online by a secure message

Ascencia Bank has recently increased the yields on the 6 and 12-month CDs. The 12-month CD now has a competitive yield of 3.95% APY. The 6-month CD has a yield of 3.66% APY. The minimum deposit is $500, and the maximum deposit is $100,000. Ascencia is an internet bank that’s available to anyone in the US.

Ascencia is an internet bank headquartered in Louisville, KY. It’s a division of PBI Bank which is FDIC insured. It has a 4 out of 5 star rating (excellent) at BauerFinancial based on 12/31/07 data.

Nexity Bank is currently offering a 3.55% APY 3 month CD that tops the charts for our short term certificate of deposits. The minimum balance for this CD is $1,000.

On top of this CD, Nexity also offers competitive short term Business CDs and IRA CDs. 3 month CD rates for their Business CDs yield 3.30% APY. A 12 month Nexity C.D. yields 2.80% APY.

Visit their rates table for more information.

Indymac Bank made some big changes on its Internet CD rates. The yields on all of the terms under one year (even the 4-month Internet Special) are now under 3%. However, they did raise the yield on the 12 and 18 month CDs. Both now have a competitive yield of 4.05% APY.

For those who have CDs maturing at Indymac, be sure you don’t let the CDs automatically renew. About 6 months ago, Indymac was offering 6-month CD yields of 5.70%. If you opened one of these last year and now let it automatically renew, you’ll be stuck with their new low rate of only 2.75% APY.