It’s the start of a new year, and there’s no better time to start your investment than today. To help you get better returns, Freedom Credit Union offers some competitive rates for long term CDs. The benefit of investing in longer term CDs is that you get to enjoy a higher interest rate which, when it comes to investments, is the thing that matters most.
CD Rates from Freedom Credit Union
6 Month – .75 % APY
12 Month – 1.00 % APY
18 Month – 1.10 % APY
24 Month – 1.30 % APY
36 Month – 1.75 % APY
48 Month – 2.20 % APY
60 Month – 2.50 % APY
Freedom Credit Union is one of the best places to invest your money for the long term. They offer some of the highest rates for long term CDs. For example, the best rate nationally available from banks for the 5 year CD is 1.95% from Intervest National Bank. Freedom Credit Union’s rates are considerably higher. The highest for 3 year CDs is also Doral Bnak which only offers 1.65% APY as opposed to Freedom’s 1.75%. 4 year CD rates are also uncommon among banks, so if you think 5 years is too long, you can still avail of a high interest long term CD with the 4 year CD.
The downside is that those who are looking for a temporary place to park their money, can only invest to the minimum term of 6 months. Freedom Credit Union does not offer certificates of deposit lower than that.
Can Anyone Join Freedom Credit Union?
The only downside of credit unions is their membership. Unfortunately Freedom Credit Union does not open its doors to just about anyone. Membership is available to anyone who works, lives, performs volunteer service, worships or attends school in Bucks, Chester, Delaware, Montgomery, or Philadelphia Counties. Also eligible are individuals in our SEGs or in their Members’ families.
About Freedom Credit Union
The credit union was established in Philadelphia since 1934. It is insured by the NCUA for deposits up to $250,000. The credit union has been given a 5 star rating from Bauer Financial and it currently has over 57,000 members and $500 million in assets.