Liberty Savings Federal Credit Union invites its members to take advantage of the attractive interest rates of their certificate of deposit accounts.

This money in the bank deal requires a very minimal initial deposit of $500 to open an account. The shortest term that this best CD account offers is their 6 months term.

CD rates $500 and above CDs:

• 12 months      0.90% APY
• 18 months      1.15% APY
• 24 months      1.40% APY
• 36 months      1.70% APY
• 48 months      2.30% APY
• 60 months      2.70% APY
• 72 months      2.75% APY

If you want to earn a higher interest rate then you may choose to have their combined CD account which has an initial deposit of $5,000 to open an account. These certificate of deposit account also provides a bonus dividend of 0.25% APY on any single CD account of 2 years or more terms with balance of $50,000 and above.

Best CD Rates for CDs with $5,000 and above deposit requirement, combined with another account (savings or checking account):

• 12 months      1.00% APY
• 18 months      1.25% APY
• 24 months      1.50% APY
• 36 months      1.80% APY
• 48 months      2.40% APY
• 60 months      2.80% APY
• 72 months      2.85% APY

The credit union charges a penalty on your certificate of deposit account when you withdraw funds before the maturity date. The dividends earned will be paid depending on the term of your CD account. You can also use online banking to make free bill payments and get your free electronic bank statement anytime. Please note that these top CD rates are subject to change anytime.

Membership with Liberty Savings Federal Credit Union is open to anyone who live, work, attend school, or worship in the county of Hudson, New Jersey. You may check the list of select employer groups and organizations on the credit union’s web page. Retired, pensioners, or annuitants and volunteers of the qualified organizations are eligible to join. Immediately family members are also welcome to join. You call their member service line for additional information about their membership and current CD rates at 201-659-3900.

To apply for membership, first you need to print a copy of their membership application form online. Fill up the application form. Along with the form have a copy of your social security card or driver’s license and a check worth $35 mailed to the credit union. The $10 is for the one time membership fee and the $25 is the minimum deposit for your primary savings account which is also a requirement for membership. If you are hesitant to mail it, you may also visit one of their offices which are located in New Jersey state in the cities of Jersey and Union.

Liberty Savings Federal Credit Union was chartered in 1951. The credit union is insured with the National Credit Union Association and has a charter number 7184.