2.50% APY Investment Certificate of Deposit at Eastman CU
While the CD rates this week from Eastman Credit Union aren’t spectacularly impressive, they’re nonetheless competitive. The most attractive of the lot is the 3 to 4-year Investment CD. The yield, which is 2.50% APY, is certainly more competitive that the shorter termed Investment CD, which earns 1.75% APY for 1 to 2 years. The minimum deposits for both CDs are pretty friendly at $1000 each.
If you want a CD that doesn’t have a long lockdown term, though, you will have to settle for a lower yield, at 1.35% APY, and a higher minimum deposit, at $2500. The shortest term for this batch of top CD rates is 180 to 364 days. This is also a good deal if you think you can hold up on excessive shopping for about a year.
Of course, it’s always advisable for you to check the credit union’s rate table before opening an account. CD rates tend to rise and fall without any warning, especially those which are offered to more than one state. While the credit union doesn’t cater to account holders nationwide, they do entertain applicants from certain parts of Tennessee, Virginia, South Carolina, and Texas.
You may want to check the credit union’s membership page to see if you are eligible. A branch visit is required to process your membership and to open an account. The main branches of this credit union can be found in Arkansas, as well as the eligible states we’ve mentioned earlier. For a pretty young credit union which was only established in 1993, the Eastman CU has impressive ratings.
According to the latest ratings from BauerFinancial.com and Bankrate.com, the credit union is one of the most stable among their peers. BauerFinancial.com gave the credit union a perfect rating with five out of five stars, while Bankrate.com gave them four out of five stars. The Eastman CU is insured by NCUA. You can verify this claim through NCUA Charter # 68095. The credit union presently has $2.33 billion worth of assets.
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