Meritrust Credit Union provides competitive interest rate with their short term and long term certificates of deposit. This money in the bank deal has the following current CD rates:

• 3 months        0.20% APY
• 6 months        0.30% APY
• 12 months      1.00% APY
• 24 months      1.00% APY
• 36 months      1.50% APY
• 60 months      2.50% APY

You can start earning this highest CD rates when you make an initial deposit of $500 to open an account. You also need to maintain this balance to earn these best interest rates. The earnings of this money in the bank deal are compounded and credited on your account every month. Please note that the interest rate of this CD account is subject to change anytime without prior notice.

A penalty may be imposed on your account if you withdraw funds before the maturity date. The amount of penalty will depend on the term of your certificate of deposit account. This CD account automatically renews once it reaches it’s maturity. A written notification will be sent to you to inform you about the maturity date and the grace period that will be given to you, for you to be able to make changes or withdraw funds without being charged of any penalty.

Membership with Meritrust Credit Union are open to anyone who live, work, worship, or attend school in the counties of Cowley, Pottawatomie, Sumner, Riley, Butler, Geary, Sedgwick, Dickinson, Harvey, Saline, Douglas, McPherson, Osage, Marion, Morris, and Chase in the state of Kansas. If you belong to one of the credit union’s select employee groups then you are eligible to join. Immediate family are also welcome to join.

Individuals who wants to apply for membership may complete the online application. You must open a share savings account which requires a minimum deposit of $25. You also need to submit valid photo ID as part of their requirement. If you still have questions or concerns with regard to their certificate of deposit rate, field of membership, or requirements you may call their customer service line at 800-342-9278.

You may visit one of the credit union’s office located in the cities of Lawrence, Wichita, Junction City, or Derby in the state of Kansas.

Meritrust Credit Union was opened in 1935. They have reached over $717 million in declared assets. The credit union is a member of the National Credit Union Association and has a charter number 63283.

It’s very rare for any six-year CD to have an annual percentage yield that’s over 2.50%. This is why Tecumseh Federal Bank’s offer is something that must not be missed. The Certificate of Deposit rate for this term length is currently at 3.03% APY. This is tempting for any depositor. The minimum deposit requirement is also very leniently set at $500. Most banks with lower annual percentage yields require at least $1,000. This is definitely one of the best CD rates in the country today. Interestingly enough, the same rate applies to the bank’s 96-month CD.

While they can still be considered some of the highest CD rates in the USA, they’re not as competitive as the 6-year CD. They do have shorter terms, though. If you’re interested, you can also look at these CD offerings:

• 1.26% APY for a 30-month CD
• 1.76% APY for a 48-month CD

Both CDs also have a $500 minimum deposit which is considered one of the lowest deposit requirements in the country. The bank accepts applications from depositors outside their market, but they do require branch visits to open an account. If you don’t mind driving to Tecumseh, Nebraska just to take advantage of these highest CD rates, you should grab the chance to do so.

Tecumseh Federal Bank is a very small financial institution with only about $46 million worth of deposits. It has been around since 1958, though, and has earned quite a high rating from DepositAccounts.com (four out of five stars). Bankrate.com has also given it a four out of five stars rating, pegging it “superior”. It is also federally insured so you can be sure your money is safe even if the bank closes. For more details, check FDIC Certificate # 30395.

Six year CDs are very rare, and these could work to your advantage if the annual percentage yield is high. Such is the case with Gateway Metro Federal Credit Union’s 6-year CD which has one of the highest CD rates in the region. Currently, the annual percentage yield is pegged at 2.50%. With the falling trend of most CD rates this month, now is the time to take advantage of the high yield.

Rates change without warning, and sometimes, dramatic falls could happen in a span of a week. This CD rate, however, is only available in St. Louise, which is a good thing if you work, live, study or worship in the metro area of the said vicinity. To confirm if you’re eligible for membership, a branch visit is necessary. The credit union has branches in Swansea, St. Peters and Florissant.

There are also shorter CDs offered by the credit union which also deserve to be considered as the top CD rates in the area. These are:

• 2.00% APY for a 4-year CD
• 2.25% APY for a 5-year CD

All 6-, 5-, and 4-year CDs have a minimum deposit and balance requirement of $1,000. The credit union is very transparent about early withdrawals. Members are allowed to withdraw early, but they must face the consequences which aren’t exactly mild, but aren’t brutal either. 270 days’ worth of interest will be deducted from a depositor’s earnings should s/he wish to withdraw early from a 6-year CD. 4- and 5-year CDs, on the other hand, come with a 180-day dividend deduction penalty for early withdrawals.

It must be noted that the minimum deposit requirement is very low. What depositors can do is invest only a manageable sum into the account and wait until the investment matures. This way, they can get the full earnings and not worry about any penalties to boot.

The website is specific about membership. It is open to residents, students, employees, and worshipers of St. Louis City, St. Louis County, and St. Charles County. It’s a pretty sound financial institution which is rated by DepositAccounts.com with four out of five (superior) stars. Bankrate.com only gave it three out of five stars (performing), but it is still a pretty sound financial institution to invest your money in. It’s a member of the NCUA and is federally insured through Charter # 24797.

A tempting 2.60% APY long term CD is currently being offered by the 1st Commonwealth Bank of Virginia. Some depositors might be intimidated by the term length, though. The minimum deposit is $1,000 but the deposit will have to be kept in the bank for 84 months (or 7 years).

While this is one of the highest CD rates in the country today, the term is not exactly ideal. If you would like shorter terms, the financial institution also has these shorter CDs on offer. While the interest rates are lower, they can still be considered as some of the USA’s to CD rates.

• 1.40% APY for a 2-year CD
• 1.75% APY for a 3-year CD
• 2.00% APY for a 4-year CD
• 2.25% APY for a 5-year CD
• 2.40% APY for a 6-year CD

These are considerably competitive rates, especially if you take into account the low minimum deposit requirement. Most accounts could probably give you the same yields, but on average, they would require anything between $10,000 and $25,000. The penalty for early withdrawal is also very mild. Should you choose to withdraw your money before the term ends, all you have to lose is 3 months’ worth of interest. Most banks ask for a least a year’s worth of dividends.

What’s the catch, though? These rates are, unfortunately, only available in the DC area of Virginia. These are very exclusive offers, so you’re lucky if you live, worship, work, or study in the Washington DC metro. This also makes sense as the 1st Commonwealth Bank of Virginia only has one branch which is located in Arlington. You will have to visit this branch to open an account.

This is a fairly new bank which was established only in 2009. The good thing about being formed at that year is that it was able to dodge the 2008 real estate problem which brought down banks at that time. It received mixed ratings from online reviewers. DepositAccounts.com gave it four out of five stars (superior), but Bankrate.com only gave it two out of five stars (below average). Your money is pretty safe with the establishment, though, as it is a member of the FDIC, and is insured via FDIC Certificate # 58773.

Some might think that a 2.00% APY interest rate for a 5-year-CD is not impressive, but with the downward movement of CD interest rates at the opening of 2012, American Eagle Bank’s offer (Chicago only) is not bad at all. In fact, it would be good for depositors to explore this deal before the rate falls further. The minimum deposit is also very friendly. You only need to maintain $1,000 to take advantage of this high yield. Now, all you need to worry about is the long term of the CD. It is still one of the top CD rates in the country today, especially considering the low balance requirement.

There are also shorter termed CDs offered by the bank, but their yields are not as tempting. They can be considered some of the best CD rates in Chicago, but not nationwide:

• 1.50% APY for a 3-year CD
• 1.75% APY for a 4-year CD
• 2.00% APY for a 5-year CD

Both of these top CD rates have a $1,000 minimum balance requirement as well. Depositors also love the lenient early withdrawal penalty set by the bank. According to the fine print of the bank’s rate table, the penalty is only 90 days of interest for all CDs with terms adding up to more than a year.

If there’s anything depositors must be wary of, it’s the financial institution’s weak health rating. It was only given two out of five stars by DepositAccounts.com and one out of five stars from Bankrate.com. The bank is federally insured, though, so while it seems risky, you’re not throwing your money to the sharks either. To know more about the bank’s insurance, check FDIC Certificate #58514.

While it’s true that most of Alaska USA Credit Union’s competitive rates have gone down in 2012, their CD rates have remained very competitive. One, in particular, which is bound to catch any depositor’s attention, is the 2.35% APY 60-Month CD. This is one of the top CD rates in the area, and is certainly worth looking at.

Take note, though, that the minimum deposit is pretty high, as is expected of high yield share accounts. You will need at least $100,000 to enjoy this CD rate. If you don’t think you can maintain that much money in your account for five years but would still like to take advantage of the country’s highest CD rates, you might want to check the credit union’s other offerings:

• 1.30% APY for a 2-year CD
• 1.65% APY for a 3-year CD
• 2.01% APY for a 4-year CD
• 2.35% APY for a 4-year CD

All of these CDs have a minimum deposit of $100,000. If the minimum deposit, and not the term length, is what’s causing you to hesitate, you might want to check the lower yielding CDs offered by the institution:

• 1.20% APY a 2-year CD
• 1.55% APY for a 3-year CD
• 1.91% APY for a 4-year CD
• 2.25% APY for a 5-year CD

These lower yielding CDs have a friendlier minimum deposit of only $10,000. Among these top CD rates, the 5-year CD deal is the most tempting at it doesn’t fall too far from the $100,000 high yield jumbo interest rate.

You should look into the credit union’s disclosure, though, regarding early withdrawals. It’s quite stringent, and you could lose up to 180 days’ worth of your interests. Of course, it’s still a friendlier deal compared to what other financial institutions have on offer. Some would penalize and take money from your principal amount. Here, you will only lose the accrued interests you’ve earned for the amount you’ve withdrawn, as long as you close the CD before the 180th day after withdrawal. There is also a 10-day grace period upon maturity.

The credit union’s website doesn’t say much about membership eligibility. It suggests that applicants visit the branches if they wish to apply to find out if they’re eligible for membership or not. It’s suggested, too, that as long as you live, work, worship, or study close to any of the credit union’s branches, you may be eligible for membership. Aside from its branches in Alaska, the FCU also has branches in Washington and California. In other words, these best CD rates are available to more people compared to other tempting credit union CDs.

While the CD rates of this credit union are some of the best in the country, and they are the 17th largest credit union in the USA, the financial health of the institution is still wanting. They earned only three out of five stars from DepositAccounts.com, and three out of five stars as well from Bankrate.com. The credit union has $4.4M worth of assets since 2011, and is federally insured under NCUA Charter # 5913.

While a 2.10% APY 60-Month Jumbo CD might not sound that impressive, especially once you know that this rate has fallen from 2.80% APY just last month, Nutmeg State Federal Credit Union’s offer is not at all that bad. In fact, this is possibly one of the most competitive CD rates in Connecticut today. CD rates have been falling since 2012 opened, and having a five-year-CD which earns over 2.00% APY per banking cycle is rare.

The only thing which could make one think twice about opening this CD is the minimum deposit. You have to have at least $100,000 in the bank to earn this yield. If you find this too steep, you might want to try their regular 5-year share CD whose rates don’t fall too far off. You can enjoy 2.02% APY for a minimum deposit of $1,000 with this regular CD account.

Please note, though, that these Certificate of Deposit rates may change at any moment. You might want to check the credit union’s rate page before opening an account. Note, too, that because this is a credit union and not a national bank, membership is open only to those who live, worship, work, volunteer, or study in Middlesex County, Hartford County, or Tolland County in Connecticut.

To be a member, you must maintain $5 in the credit union’s savings account. Online applications are welcome. The credit union’s website actually has a database for online applications. You can rest assured that all you personal information is kept safe when you apply.

Aside from the main website, you can also contact the credit union’s hotline at 860.513.5000 if you’re in Connecticut or 800.526.6933 if you’re anywhere else in the USA. Simply talk to one of the credit union’s representatives to take advantage of the top CD rates in your area.

Because these are long term CDs, you should also look into the credit union’s penalties for early withdrawals. Usually, early withdrawals from five-year CDs mean a year’s worth of dividends. You should be especially careful with Jumbo CD accounts because keeping $100,000 in the bank for five years, even if you’re taking advantage of the best CD rates in your area, is no laughing matter.

You will be glad to know, though, that aside from competitive CD rates, the Nutmeg State Credit Union is known for its financial soundness. DepositAccounts.com gave it a five out of five star rating, placing it on top of other credit unions in Connecticut. Bankrate.com only gave the financial institution three out of five stars (Performing), although Bankrate.com is notorious for giving stringent ratings. Still, your money is relatively safe with the credit union as they are federally insured through NCUA Charter # 855.

If you’re a little wary about investing your money on a long term CD but would like to take advantage of high interest rates just the same, you might want to try mid-term CD deals instead. One CD deal, in particular, would probably spark your interest. This one is being offered by Central Bank in Tampa Florida. It has a 1.15% APY and an 18-month term. Both the interest rate and the term, in this case, is ideal. That’s a very competitive rate for a CD which runs for less than two years.

The bank’s two-year CD is not as competitive. However, it is also a good deal. Central Bank in Tampa, Florida is currently offering their 24-month CD with a 1.25% APY. If you can extend your investment for six more months, and you would like to take advantage of the added 0.10% yield, go ahead and choose this one Instead.

The minimum deposit for both CD deals is a bit steep. You will need $2,500 to continue enjoying these interest rates. CD interest rates have also been falling since December 2011, so it will do you good to take advantage of these still fairly decent Certificate of Deposit rates before they take a dive again. These rates change without so much as an announcement, so check the bank’s rate page first before applying for a CD. The rates mentioned here might no longer apply in a few days.

Also look into the bank’s early withdrawal penalty. Of course, 18 to 24 months is a short time to wait for the country’s best CD rates, but emergencies do happen. Find out how much they’re taking away from your earnings. It is standard for most banks to take away at least six months’ worth of dividends for CDs with these term Lengths.

While there is no limitation indicated on the website regarding who can open these accounts, a branch visit is necessary, so it is understood that the offer is targeted to people who live in Tampa, Florida. This is an intimate, one-branch bank which has a fairly decent health rating.

Over the years, it has improved in terms of financial soundness and is rated by DepositAccounts.com with five out of five stars. Bankrate.com has garnered it four out of five stars (sound). This is impressive for a fairly new bank. It has only been an FDIC member since 2007. Just the same, you can enjoy the fact that it has federal insurance under FDIC Certificate # 58377.

While a 1.08% APY for a short term CD might not exactly impress you, it is considered one of the best CD rates from internet banks in the country. It’s true that the rate was more impressive when it was first promoted by CIT Bank, but a 1.08% annual percentage yield is still very competitive. What would draw in depositors to this CD deal, though, are the add-on and bump-up features. Very few short term CDs with relatively high interest rates offer the same bonus features.

How do the add-on and bump-up features work? Anytime within the term, you could deposit money into your account to take advantage of the high locked-in rate. Some banks offer rates which are just as high, but they won’t allow for more deposits. CIT Bank also just recently added one more short term CD which could be considered one of the highest CD rates of this range in the country. The bank’s 2-year CD earns as much as 1.26% APY. It has the same minimum deposit requirement of $25,000 which is not at all steep considering the high rate. Before your first term ends, you can use the bump up option and take advantage of the significantly higher rate offered by the longer termed CD.

If you take advantage of the 1.25% 2-year CD offer, you can lock down that high rate even if the economy suffers in the future. The rates are continuously falling, and if the predictions are correct, even the top CD rates in the country today for the same term length won’t amount to more than 1.00% APY. You should also know that the CIT Bank is comparatively lenient with early withdrawals. For CDs with terms of a year or less, they only penalize their clients with three months’ worth of dividends. CDs with terms running for more than a year have a penalty that only amounts to six months’ worth of dividends. This is not a bad deal at all considering the high rate. Usually, high CD rates are offset by stringent terms and penalties.

CIT Bank should not be confused with Citi Bank which is owned by Citi Groups. CIT Bank shares the same solid reputation, though, when it comes to financial stability. DepositAccounts.com has rates it as “excellent”, giving it five out of five stars. Bankrate.com which is usually stringent with their ratings gave the bank four out of five stars. CIT Bank was only established in the year 2000, and these are impressive ratings for such a young bank. Your money is safe here thanks to the bank’s federal insurance under FDIC Certificate # 35575.

Even the best CD rates are falling at the beginning of 2012, and the top CD rates of by Charter Oak Credit Union were not immune to this fall. Still, their 2.00% APY 5-year CD remains tempting. It has a reasonable minimum deposit requirement of $1,000 which is not exactly the lowest minimum deposit in the country, but it’s not incredibly steep, either. Of course, it’s worth noting that this CD rate fell by 0.30% since 2011 ended. It’s highly possible that this rate will drop again sometime this month so it’s advisable for depositors to take advantage of the competitive rate now. Take note that this is an IRA CD.

Aside from this 5-year IRA CD, Charter Oak Credit Union also offers a 4-year and a 3-year IRA CD. At the end of 2011, these CDs had 2.25% APY and 2.00% APY respectively. Currently, though, these rates have dropped down to 1.75% APY (for the 4-year CD) and 1.50% APY (for the 3-year CD).

To recap, below are the credit union’s most promising IRA CD offers:

• 1.50% APY for a three year IRA CD
• 1.75% APY for a four year IRA CD
• 2.00% APY for a five year IRA CD

If you don’t feel like these are the highest CD rates in your area, though, it won’t hurt to look. While the rates are competitive, there are still better deals out there. Also, as these CDs are offered by a credit union, there are membership limitations for you to think about. You need to worship, live, or study in the counties of London and Windham, Connecticut to be eligible for membership. You also need to maintain a $5 balance in the credit union’s standard savings account.

Also, as these are long term CDs, you should check the early withdrawal penalty as well. You could lose as much as a year’s worth of your dividends if you withdraw too early. Even if the annual percentage yield is lower, you might want to consider a shorter termed CD if you’re not sure you can commit to longer CDs. Save yourself from future unnecessary financial losses.

A branch visit is standard for opening a first account with this FCU. To apply, you can go to their Groton, Dayville, Norwich, Niantic, Uncasville, Pawcatuck, Willmantic, and Waterford branches. This is a financially sound institution which has earned itself a five out of five stars (excellent) rating from DepositAccounts.com. Bankrate.com has also rated it as “sound” with four out of five stars. Your money is safe with this bank because it is federally insured. You can confirm the details by checking NCUA Charter # 3413.

Polam Federal Credit Union provides a competitive interest rate for their short term and long term certificates of deposit. This money in the bank deal has the following current CD rates:

$2,500 to $24,999

• 6 months        0.60% APY
• 12 months      0.95% APY
• 24 months      1.30% APY
• 36 months      1.80% APY
• 60 months      2.40% APY

$25,000 and above

• 6 months        0.65% APY
• 12 months      1.00% APY
• 24 months      1.35% APY
• 36 months      1.85% APY
• 60 months      2.45% APY

You can earn these top certificate of deposit rates when you make an initial deposit of $2,500 to open an account. Members of the credit union who are under 18 years of age can also take advantage of these highest CD rates. They will be required to deposit a minimum of $500 to open an account. Once your CD account is opened, you will no longer be able to make changes nor make additional deposits. The credit union charges a penalty when you make a withdrawal before the maturity date. The amount of penalty which will be imposed on your account will depend on the terms of your certificate of deposit.

This certificate of deposit account will renew once it matures, but you will be given a grace period to make changes or even withdraw funds without penalty. The dividend rates earned are compounded and paid every month. Please be reminded that the credit union has the right to change the interest rate of your CD account anytime without prior notice.

The credit union also allows you to monitor your CD account by means of online banking. You can even pay your bills and view your monthly statements electronically. You can also use the banks telephone banking to access your account and get additional information with their most current promotions.

It appears that anyone can join the credit union regardless of ethnicity, you just need to enroll to the Polish American Congress. You will have to pay a one time membership of $20 and open a share savings account with a minimum deposit of $10.

A branch visit is required to apply for membership and open an account. Polam Federal Credit Union has 2 small branches located in Los Angeles and Orange county in the state of California. You need to bring valid picture identification like driver’s license, social security card, or passport as part of the credit union’s requirements. If you still have question or concern with regard to their certificate of deposit rate and field of membership, please call their customer service line at 323-463-5137 or 714-998-1017.

Polam Federal Credit Union was opened in 1969. All deposit accounts are insured of up to $250,000 with the National Credit Union Association. They have an NCUA charter number 19739.

Weokie Credit Union current CD rates are not the highest in the country, they have remained competitive. The 36-month CD, which is considered a mid-term CD and is “comfortable” for most depositors, is especially tempting with its 2.02% APY. However, there is a small catch. You have to deposit at least $100,000 to enjoy this yield. Otherwise, the rate drops down to 1.92% APY which is still not a bad annual percentage yield to fall back to should you miss the higher yields minimum.

The other catch is that this is only available locally. Those who work, study, worship, and reside in Oklahoma, Canadian, Cleveland, Lincoln, Grady, Potawatomie, and McClain counties are eligible for membership, and could enjoy this tempting CD rate. Depositors outside of this category would have to miss out on the chance, though.

You may also find their two year or 24-month CD competitive. It’s also considered among the top CD rates in the area, although it is not as impressive as the credit union’s longer-term CD. The 24-month CD currently boasts of a 1.61% APY for deposits of at least $100,000. However, the drop is more dramatic should you not meet the minimum deposit. You will have to settle for a 1.51% APY if you cannot deposit at least $100,000. For those who are trying to dodge early withdrawal penalties, though, the 24-month CD sounds friendlier than the 36-month deal. Watch out because you can lose up to 360 days worth of your dividends if you withdraw too early from these accounts. The point of CDs is to earn more money by investing in the banks for a longer period of time.

Aside from looking for the best CD rates, though, what should you be worried about when you invest your money in Weokie Credit Union? High CD rates become especially suspicious at this time of the year when bank rates generally take a dive because of the state of the global economy. Where does Woekie Credit Union stand?

Thankfully, you won’t have to worry about that when you take advantage of the highest Certificate of Deposit rates from Weokie Credit Union. The credit union is one of the most established in Oklahoma with branches across the Oklahoma metropolis. DepositAccounts.com gave it an excellent (five out of five stars) rating, while Bankrate.com wasn’t so stringent, either, giving it a four out of five stars (sound). You can also be sure that you won’t lose your money when you invest in Weokie Credit Union because it is federally insured under NCUA Charter # 60380.

Citizen State Bank, South of Dallas is offering a competitive CD rate at 2.11% APY. This particular CD is probably one of the top CD rates available in the country. One must also note that this is a long term CD (48 months or four years in total) and could intimidate depositors who are looking to get high yields on a shorter amount of time.

Like many CD rates in the past week, it dropped by a few notches but is still quite competitive. There are also other CDs on offer by the branch with lower but equally competitive rates and shorter terms:

• 0.82% APY for a 3 month CD
• 1.02% APY for a 6 month CD
• 1.17% APY for a 12 month CD
• 1.35% APY for a 18 month CD
• 1.45% APY for a 24 month CD
• 1.66% APY for a 36 month CD
• 2.11% APY for a 60 month CD

If there’s a weak point in these offers, it’s the minimum deposit requirement. Most banks can offer rates close to the ones on offer here for a $500 minimum deposit. All of these certificate of deposit rates ask for a minimum deposit of $1000. This can be steep for some prospective depositors. If you like putting most of you money where it’s sure to grow, though, this bank is a good place to invest in. Comparatively speaking, the short term CD rates from this bank are higher compared to other internet bank offers. The financial soundness of the bank is also not in question so you would not have to worry about investing your money in an institution that’s about to close down.

These CD offers are available nationally however, a branch visit is necessary to open your first account. If you already have an account with them and would like to open another one for the sake of taking advantage of one of the best CD rates in the country, you may open the new account through mail.

The Citizen State Bank, South of Dallas, is very close to the Dallas/Fort Worth. They accept deposits from these neighboring towns. You can find branches of the bank in Hubbard, Centerville, Itasca, Whitney, and Buffalo. It is one of the most respected banks in Texas, with a 2.67% (excellent) Texas client Ratio as surveyed by DepositAccounts.com. It has been around since 1934, and a bank with that much longevity can certainly be called a strong player in this field.

Bankrate.com has given the Citizen State Bank a rating of four stars (out of five stars) which tags it as “sound”. DepositAccounts.com has rated the bank as “excellent” with five (out of five) stars. It is easy to interact with representatives of this bank. You can walk in for a branch visit, or call their main branch at (903) 322-4256. These rates do tend to change often, so check the banks website for an update on their rate schedules. Citizen State Bank can assure that your money is safe with them because they are federally insured through FDIC Certificate # 12501.

Freedom Credit Union (PA) currently offers to local customer who would open their long term 5-year CD. This is a promising rate compared to competing banks in the region, especially with the pattern of rate falls which has been happening throughout banks and credit unions in the country. Just a few days ago, the same CD was offered for 2.50%. The fall is not so hard, though, compared to other banks whose rates have been falling by up to 1% APY in a matter of a few days.

Aside from the 5 year CD, Freedom Credit Union (PA) also offers other attractive long term certificate of deposit rates. These are:

• 1.65% APY for Freedom Credit Union’s 36 month CD
• 2.10% APY for Freedom Credit Union’s 48 month CD
• 2.35% APY for Freedom Credit Union’s 60 month CD

All 5-, 4-, and 3-year CDs have a minimum deposit requirement of $500. Each of them also has a Youth CD counterpart with the same rates but with lower minimum deposit which is currently at $250. While these three are some of the highest CD rates in the region, they aren’t completely immune to the economical drop-trend. While they remain competitive, it can’t be denied that they have fallen by a notch or two since last week.

These top CD rates may be enjoyed when you open an IRA, HSA or ESA. These are not the ideal CDs for depositors who tend to withdraw their funds too early as the penalty is pretty high. Withdrawing funds too early from these long term CDs will cost you almost a year’s worth (360 days) of your dividends.

Unfortunately for people who are not in Pennsylvania, these CD rates are only offered locally. Anyone who is residing, working, worshipping or studying in the area may avail of this offer. The credit union also has a refer-a-friend program until February of this year. Each successful referral entitles the referrer and the refferred party to a $25 reward from the credit union.

Take note that to avail of these best CD rates, you must first be a member of the credit union. Membership requires a minimum of $5 deposit to your Primary Savings Account. This requirement is standard in most banks and credit unions.

Freedom Credit Union is probably one of the biggest and most established credit unions in the country. It has over 4,000 branches across the country. It earned a five out of five stars health rating from depositaccounts.com, and holds and has been tagged “sound” (four out of five stars) by Bankrate.com. Pennsylvania branches include Abington, Consolation, Lansdale, Northeast, Sears, and Warminster. These branches are open from Monday through Saturday, although the office hours per branch do vary. You may contact their hotline for inquiries at 215-612-5900, or go to their website to use the live chat function.

No matter what happens, you can rest assured that your money is safe with this institution because the Freedom Credit Union is federally insured under NCUA Charter # 60275.

White Pine Credit Union headquartered in Pierce, Idaho provides an attractive interest rate with their short term certificates of deposit. The credit union has the following current CD rates:

• 6 months        1.75% APY
• 12 months      2.00% APY

This money in the bank deal requires a minimum opening deposit of only $5. Once your certificate of deposit account is established, you will no longer be allowed to make additional deposits or changes on your terms. In case you decide to take out some money from your CD account, you will be charged an early withdrawal fee.

The dividend rate earned on this best certificate of deposit is compounded and paid on a monthly basis. This CD account renews once it reaches it’s maturity. You will receive a written notification from the credit union weeks before the maturity date. You will be given a grace period to make changes, make additional deposits, or withdraw your funds. Please note that once the account is opened the interest rate may change. Fees may also reduce the earnings of your certificate of deposit.

Individuals who want to take advantage of this best certificate of deposit and not yet a member of White Pine Credit Union may visit their office to apply. Membership with the credit union is open to anyone who lives or works within 20 mile radius from Pierce, Idaho. Immediate family are also eligible to join.

You are required to bring valid photo identification like passport, driver’s license, or social security card once you visit the credit union’s office when applying. You may also contact the credit union’s customer service line before visiting their office to get additional information about their certificate of deposit, current rates, membership eligibility, and requirements thru 208-464-2844.

White Pine Credit Union has been providing financial services to its members since 1964. The credit union is registered with the National Credit Union Association and has a charter number 65786.

Sussex County Federal Credit Union offers an attractive interest rates for their short term and long term certificates of deposit. The following are the list of the credit union’s current CD rates:

• 6 months        0.80% APY
• 9 months        1.00% APY
• 12 months      1.31% APY
• 24 months      1.41% APY
• 36 months      1.92% APY
• 60 months      2.43% APY

You can earn these top CD rates when you make an initial deposit of at least $1,000 to open an account. You will also be required to have an active checking account to receive these highest certificate of deposit rates. The earnings of these money in the bank deal are compounded and paid monthly.

Take note that once you have established your certificate of deposit, you will no longer be able to make additional deposits or changes on your account. The only time that you can make changes and deposit on to your account is when the account matures. After which, the certificate of deposit account will automatically renew.

These best certificates of deposit also charges a penalty when you make an early withdrawal. The amount of penalty applied will depend on the term of your CD account. Please be reminded also that the interest rates of these certificates of deposit are subject to change anytime without prior notice.

Membership with Sussex County Federal Credit Union is open to anyone who lives, works, attends school, volunteer, or worships in the cities of Delaware and Milford or in Sussex County. Another option is to be part of the credit union’s foundation, you will be required to donate at least $10 per year. Immediate family members are also qualified to become a member.

Individuals who wants to apply for membership may complete the online application, you will also be required to open a share savings account which will require a minimum opening deposit of $25. You need to send a copy of your valid photo identification like social security card, driver’s license, or passport. If you are not comfortable providing your personal information online you may also drop by the credit union’s office to apply.

You may also contact their customer service line if you have questions or concerns with regard to their membership eligibility, requirements, or certificate of deposit rates at 302-629-0100. Sussex County Federal Credit Union has several branches located in the cities of Seaford, Lewes, Millsboro, and Milford in the state of Delaware.

Sussex County Federal Credit Union is a non profit financial institution which provides several deposit accounts and loans to its members since 1959. Currently, they already have 18,365 members and reached over $226 million in declared assets. The credit union is an NCUA member and has a charter number of 13121.

Central Oklahoma Federal Credit Union is pushing for the best interest rate with their certificates of deposit. The credit union has the following current CD rates:

• 6 month      1.25% APY
• 1 year          1.40% APY
• 2 year          1.80% APY
• 3 year          1.90% APY

Individuals who want to earn this highest CD rates will be required to make an initial deposit of $1,000 to open an account. Once your certificate of deposit account is opened, you will no longer be allowed to make additional deposits. You will have to wait for the account to mature before you can deposit funds or make changes on to your account. You will be notified by the credit union weeks before maturity date to inform you about the grace period given to you to make changes or completely withdraw all your funds without penalty. After this, the account will automatically renew.

This money in the bank deal also charges a penalty if you make a withdrawal before the maturity date. The penalty of these best certificates of deposit is equivalent to 90 days worth of interest. Take note that the dividend rate may change once the account is opened, so make sure to ask the bank for their latest CD rates at the same time find out if there are any other fees that may reduce the earning of your certificate of deposit.

Membership with Central Oklahoma Federal Credit Union is open to anyone who lives, worship, goes to school in, or work in Lincoln County in the state of Oklahoma. Their immediate family which includes spouse, children, parents, siblings, cousins, grandparents, and grandchildren are also eligible to become a member.

You will be required to visit the credit union’s office to apply for membership and open an account. You also need to pay for their one time membership fee worth $5. you will also be required to open a share savings account with a minimum deposit of $5 as part of their membership. Lastly, you need to present at least 1 valid picture identification with your current phone number and current address on it like social security card, driver’s license, or passport. If in case your address or phone number is not listed on your ID you may also present a copy of your pay stub or utility bills.

Once you become a member, the credit union gives you an access to your account 24/7 through online banking. You can be able to review your balances,request for fund transfer, set up for auto payment, place check orders, and finally view your monthly statements. If you are not comfortable accessing your account online, you may choose the credit union’s telephone banking. This service has almost the same features as their online banking and even provides information about their promo’s and detailed information about their other deposit accounts.

You can also sign up for payroll direct deposit which will distributed to your share savings account or other deposit accounts with the credit union. If you still have question or concerns about their certificate of deposit, membership eligibility, or requirements please contact their customer service line at 800-392-2274.

Central Oklahoma Federal Credit Union is headquartered in Davenport, Oklahoma and is a full service financial institution that was established in 1988. They have already reached over $33 million in declared assets with 2,975 members. The credit union is registered under the National Credit Union Association and has a charter number 24350.

Melrose Credit Union headquartered in Briarwood city New York is providing an attractive interest rate for their short term and long term certificates of deposit. This money in the bank deal has the following current CD rates:

• 1 year        1.15% APY
• 2 years      1.41% APY
• 3 years      1.91% APY
• 4 years      2.17% APY
• 5 Years      2.68% APY

Consumers who want to take advantage of this highest certificate of deposit rates may deposit a minimum of $5,000 to open an account. Once you have established your CD account, you will no longer be able to make additional deposits nor make any changes. The only time that you can change the terms or make a deposit is when the certificate of deposit account matures. You do not have to worry since there will be no penalty charged against your account when changes are made. after which, your CD account will automatically renew.

This money in the bank deal also has a penalty when withdrawal is made before the maturity date. The amount of the penalty will vary depending on the term of your certificate of deposit. The dividends earned on this best certificate of deposit are compounded and paid quarterly. The interest may be deposited to your other account with Melrose Credit Union or mailed to you as check. Please note that the current interest rates are subject to change without notice.

Membership with Melrose Credit Union is an open New York state charter, this means that their membership is open to everyone. All you need to do is to open a share savings account which will require a minimum deposit of $25 and pay a one time membership fee of $1.

You need to visit the credit union’s website and print a copy of their membership application form. After completing the form you need to attach a copy of your valid photo ID like driver’s license, passport, or social security card. If in case your current address is not listed on those identification, you will need to provide a copy of your utility bill. Lastly, you need to write a check which will be deposited on to your new account and mail it to 139-30 Queens Blvd. Brairwood, New York 11435. You may also call their customer service line if you still have question or concern with regard to their certificate of deposit account, current interest rate, and membership requirements at 718-526-8571 or 888-635-2733.

Melrose Credit Union has been assisting its members with their financial needs since 1922. They have already reached 23,457 members with $1.5 billion in assets. The credit union is a member of the National Credit Union Association and has a charter number 62005.

Montauk Credit Union provides a money in the bank opportunity with their certificates of deposit. The credit union has a very competitive interest rates with their short term and long term CD. Here are the list of the credit union’s current certificate of deposit rates:

• 1 year             1.00% APY
• 18 months       1.25% APY
• 2 years            1.50% APY
• 3 years            1.75% APY
• 4 years            2.25% APY
• 5 years            2.50% APY
• 7 years            2.75% APY

This money in the bank deal requires a minimum deposit of $2,500 to open a certificate of deposit account. You will no longer be allowed to make additional deposits once the account is established. The only time that you can make changes, deposit funds, or withdraw your money on to your account is when it reaches its maturity. After this, your certificate of deposit account will automatically renew.

The dividends that you earn on your CD account are paid every quarter and are automatically deposited to your savings account. If you do not want it to be deposited to your savings account, you may also receive your dividends as check that can be sent thru mail.

Montauk Credit Union may impose a penalty against your certificate of deposit account when you make a withdrawal before the maturity date. They may impose a penalty of 180 days worth of interest for CDs with terms over 1 year. Take note that the interest rate of this certificate of deposit may change anytime without notice, so make sure to contact the credit union and ask for the latest CD rates.

Montauk Credit Union has an open charter which allows them to extend membership to anyone. You will be asked to visit the credit union’s office which is located in New York, New York to apply for membership. Please do not forget to bring any valid picture identification when you visit their office since they will be requesting for a copy of you ID.

Once you became a membership, you will need to send a letter to the credit union to open a CD account. Once they receive your letter, you will be able to open your certificate of deposit account over the phone. Finally mail a check to the credit union to fund you new CD account. If you still have inquiries about their certificate of deposit, current interest rates, membership eligibility, or requirements you may contact their customer service hotline at 212-989-5200.

Montauk Credit Union is a not for profit financial institution that is member owned. It was chartered in 1922. They already have over $100 million in declared assets and has approximately reached over 4,500 members. The credit union is also a member of the National Credit Union Association and has a charter number 63231.

Western Heritage Bank provides a competitive interest rate for their small term and long term certificates of deposit. The bank has the following current CD rates:

• 3 months        0.25% APY
• 6 months        0.40% APY
• 12 months      1.65% APY
• 24 months      1.75% APY
• 36 months      2.00% APY
• 48 months      2.50% APY
• 60 months      2.75% APY

These annual percentage yields were posted in 3 October 2011 so better check with the bank if this has been updated. You can take advantage of this money in the bank deal when you deposit a minimum of $1,000 to open an account. Please remember that once your certificate of deposit account is established, you are no longer allowed to make additional deposits. The bank also charges a penalty when you make a withdrawal before the maturity date. The amount of penalty will depend on the term of your CD account.

The dividends earned are compounded daily and credited monthly or quarterly. These certificates of deposit automatically renews once they mature. You will receive a letter at least a month before the maturity date and to inform you about the given grace period for you to make changes on to your account without getting any penalties. Please note that the interest rate may change after opening of your CD account. Fees may also reduce the earnings.

The bank also allows you to monitor your account using their online banking. You can pay your bills, make transfers and view your statement online for free. If you do not have a computer, you can call the bank’s 24/7 customer service line to make inquiries and check the activities of your certificate of deposit account.

You are required to visit one of Western Heritage Bank’s branches located in the cities of Las Cruces and Deming in the state of New Mexico. Make sure to bring valid picture identification or identifying documents with your current address and phone number on it. If you still have questions or concerns you may call the bank at 575-541-0058.

Western Heritage Bank has been in business since 2000. The bank is also a member of the Federal Deposit Insurance Corporation with certificate number 35492.