RTN Federal Credit Union is offering a competitive 1.20% APY on its 12-month certificate of deposit. The Jumbo 12-month CD used to yield 2% APY a few months back and was by far one of the best CD rates in the market. Despite the plunge, though, this remains competitive among other Certificate of Deposit Rates in the market.

If you want to get the highest yields for this account, you might want to sign up for its upper-tier CDs. The 36-month CD rate from RTN Federal Credit Union generates an impressive 2.00% APY. The longer CDs have even higher yields, as posted in their rate table. For these CDs, you will be required to deposit a minimum of $50,000. To maximize the benefits of the accounts, avoid early withdrawals.

As a general rule for CDs, you will be paying penalty fees if you withdraw your funds before the stated period. CD rates tend to change frequently, so keep on checking the credit union’s rate table to chance on the highest CD rates for the fiscal year. If you doubt the updates posted online, you can also call the bank’s customer service at 1.800.388.0221.

Certain qualifications also need to be met before you can open a CD account. According to the CSR, you can be a member of the credit union if already belong to the Gore Place Society. If you belong to any of these sponsor groups, you will also be legible for a membership with the credit union. Double check the requirement of the CD account because sometimes the credit union changes its requirements. You may need to be an employee of the sponsor group instead of just a member.

Another page to check is the credit union’s application process. For example, on their last update, the credit union required residents of Massachusetts to visit a local branch before their application can be processed. If you notice, most of the branches are located near Raytheon facilities. This is possibly because the credit union was formed primarily for Raytheon employees.

Branches which are open to the public include ones in Danvers, Waltham, Tekksbury, Marlborough, and Amesbury. This is probably due to its top CD rates.

The credit union does pretty well for itself, receiving a 5 star rating (excellent) from BauerFinancial and a 3 star rating (performing) from Bankrate.com. It also has a federal insurance shouldered by NCUA under Charter #24311.