Polish and Slavic Federal Credit Union provides the best interest rate with their short term and long term certificate of deposit offerings. This money in the bank deal has three tiers with the following best interest rates:

$500 to $49,999 and $50,000 to $89,999:

• 1 year              1.01% APY
• 2 years            1.25% APY
• 30 months      1.35% APY
• 3 years            1.60% APY
• 4 years            2.00% APY
• 5 years            2.25% APY

$90,000 and above:

• 1 year              1.06% APY
• 2 years            1.30% APY
• 30 mont          1.40% APY
• 3 years            1.65% APY
• 4 years            2.05% APY
• 5 years            2.31% APY

Individuals who want to take advantage of this top CD rates may apply if you have an existing savings account with the credit union. You will also be required to deposit a minimum of $500 to open an account. In case you decide to get some money out of your certificate of deposit account before the maturity date, you will have to pay for the penalty. You also need to visit one of the credit unions office to open an account. Take note that the interest rates listed above are subject to change anytime without prior notice. For additional information with regard to their certificate of deposit account, you may call customer service thru 800-297-2181.

Membership with Polish and Slavic Federal Credit Union you must come from a Polish or Slavic ethnic origin and must be a member of the following organizations: Polish Highlanders Alliance of North America, Alliance of Polish Clubs in the United States, General Pulaski Memorial Parade Committee, Polish Supplementary School Council of America this organizations are located in Chicago, Illinois; Polish Friends of Copiague which is located in Long Island, New York; Polish Cultural Foundation located in Clark, New Jersey; and Polish and Slovic Center which is located in Brooklyn, New York. You may also call the credit union to asked for information about their membership eligibility.

The credit union has several branches located in the state of New York, New Jersey and Illinois.

Polish and Slavic Federal Credit Union started serving their members on December 27, 1976. Currently they have been one of the largest credit unions in the nation with over $1.4 billion in declared assets. They are also federally insured by the National Credit Union Association with charter number 22592.