River Land Credit Union is still offering attractive interest rates for their certificate of deposit account. The credit union has the following current CD rates:

• 3 months        0.60% APY
• 6 months        0.65% APY
• 12 months      1.00% APY
• 18 months      1.10% APY
• 24 months      1.25% APY
• 36 months      1.50% APY
• 60 months      2.00% APY

The earnings of this money in the bank deal is compounded and credited every month and the funds will be deposited to your checking or savings account with the credit union. You are also required to deposit and maintain a minimum balance of $1,000 on to your account to earn these best CD rates.

Like any other CD accounts, you will be charge of a fee when you withdraw funds before the maturity date. The CD account automatically renews once the account matures. Take note also that the current interest rates of this best CD account is subject to change any time without notice, you may call the credit union’s office to ask for the current rates.

This best certificate of deposit account also offers a Step-Up option for CD terms of 6, 12, 18, 24, 36, and 60 months. Once your certificate of deposit account reaches its half term and the current interest rates went up, you can apply for the Step-Up option to get a higher interest rate. The good news is that there is no fee to activate the Step-Up. You just need to inform the credit union that you want to avail their Step-Up option once you purchase a certificate or renew your account.

Membership with River Land Credit Union is open to individuals who are employed or retiree of Entergy Corporation, Entergy Contractors, Cox Communications, Arts Council of New Orleans, Crescent River Port Pilots’ Association, McDermott, Inc., Hyatt Regency Hotel, Wackenhut Nuclear Services, Personnel Consulting Group, Baptist Community Ministries, Christian Health Ministries, Daughters of Charity Services of New Orleans, Highline’s Construction, Virgin Oil Company, Alternatives Living, Inc., Navigant Travel Group, New Orleans Home Mortgage Authority, Royal Productions, Gulf Coast Teaching and Family Services, Ebersole & Associates, Inc., Human Services Management & Investments, LLC, Individuals employed within the Poydras Plaza Complex. Family members are also eligible to join.

You need to visit the credit union’s office to apply for membership and open an account. The credit union has several branches located in the state of Louisiana, Texas, and Mississippi. You also need to bring valid picture ID’s like passport, driver’s license, social security card, or other issued state ID. You also need to deposit a minimum of $5 on your share savings account and pay for a one time membership fee of $1. You may also call member service hotline first at 504-576-5800 or 800-586-4728.

River Land Credit Union started operating its business in 1978. It is a small credit union which has over 14,708 members with $178 million in declared assets. The credit union is registered under NCUA charter number 64534.