As we have been noticing lately credit unions have been offering higher CD rates than banks.
Today we have discovered that Melrose Credit Union has some very high CD Rates being offered.
- 12 Month CD Rate – 1.76% APY
- 2 Year CD Rate – 2.02% APY
- 3 Year CD Rate – 2.52% APY
- 5 Year CD Rate – 3.29% APY
Not all credit unions allow all Americans to join. With Melrose Credit Union all US residents can sign up for ony $1.
Check out our CD Rates page for more CD Rate information.
The minimum deposit for the listed certificates is $5000 for each term, they are compounded quarterly and do have early withdraw penalties. Melrose Credit Union is NCUA insured. To get more information visit their website rates page here.
With CD Rates being so low right now finding such good rates from an insured credit union is a good thing. This may be an opportunity for you to get settled into a certificate which can produce some good earnings for you.