Northrop Grumman Federal Credit Union still has some very competitive certificate rates. Some of the top yields include 4.49% APY for a 6-month term, 4.57% APY for a 12-month term and 4.84% APY for a 60-month term. These require a minimum deposit of $40,000. The yields for certificates with a $2,500 minimum are 25 basis points lower except for the 60-month term which is only 20 basis points lower. Similar rates are also available for IRAs.

These rates aren’t 5%, but they’re high compared to what’s now available. After the recent massive Fed rate cuts, bank rates are declining fast. The best yield on a one year term listed at Bankrate is just 4.02% APY at Intervest National Bank. The best yield for a 5 year term listed at Bankrate is 4.25% APY at Eastern Savings Bank.

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1. Pentagon FCU (PenFed) CD Rates