First General Credit Union is pushing for their certificate of deposit which has a very competitive interest rates. The credit union has the following current CD rates:

• 6 months        0.85% APY
• 12 months      1.15% APY
• 24 months      1.50% APY
• 36 months      2.00% APY
• 48 months      2.25% APY
• 60 months      2.75% APY

This best certificate of deposit account requires a deposit of at least $1,000 to open an account. In case you decide to make a withdrawal before the maturity date, expect that you will have to shoulder the early withdrawal penalty which will be applied on to your account. The bank automatically renews your account once it matures, but you will be given a time to decide if you still want to maintain the account or just withdraw your money without any fees.

Aside from this best CD rates, the bank also offers another CD account for kids 18 years and below. This is a 12 month term certificate of deposit account which has an interest rate of 1.15% APY.

Membership with First General Credit Union is open to consumers who live, worship, attend school, or work in the counties of Kent, Newaygo, Ottawa, Oceana, and Muskegon. Relatives of qualified members are also eligible to join. You are required to visit the office of the credit union to apply for membership. Do not forget to bring valid identifications like social security card, driver’s license, or state issued ID when you visit their office.

First General Credit Union is headquartered in Muskegon, Michigan. They have a wide range of deposit products to offer to their customers which was established in 1953. the credit union has an NCUA charter number 61455.