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.

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