Liberty Savings Federal Credit Union is offering three of the best CD rates you can find in today’s market. They’re all long-term CDs, the most attractive being their 60-month CD which earns 2.90% APY. The 72-month deal is also among the top CD rates offered in the area today, but it’s only slightly higher than the 6-month CD. It earns 3.00% APY.

Least competitive of them all is the 48-month CD which earns 2.65% APY. You can get about the same yield from other banks which offer CDs in the same maturation bracket, but with a lower minimum deposit. The minimum deposit for all three CD deals is pretty steep. All of them require $5,000 in the bank, while the bank’s competitions offer as low as $1000 minimum deposit.

According to our latest findings, though, the only competition that comes close to these rates is Sallie Mae Bank’s 5-year CD which earns 2.75% APY.

While these remain to be the best CD rates in the market today, membership with the federal credit union is limited to individuals who reside, work, worship or study in Hudson County, NJ. If you fall under any of these categories, look at the credit union’s membership page for the application details. There is also a $10 membership fee which is slightly higher than your usual $5.

However, this fee is waived if you belong to their select employee groups. The list is also posted on their membership page. A branch visit is required to open an account with them. You can find the Liberty Savings FCU scattered throughout Jersey City and Union City, New Jersey.

The credit union’s financial health isn’t so impressive, though. It only scored two out of five stars from Bankrate.com for safety and soundness, while BauerFinancial.com gave it three out of five stars. It is listed with the NCUA though, and is insured under NCUA Charter # 7184.