Vermont Federal Credit Union is pushing for their highest CD rates. This money in the bank deal provides the best interest rate on their long term cetificate of deposit offerings. The interest rates for their short term CD remain competitive as well. The credit union’s current certificate of deposit rates are the following:

• 6 months     0.70% APY
• 12 months   0.95% APY
• 24 months   1.30% APY
• 36 months   1.75% APY
• 48 months   2.55% APY
• 60 months   3.10% APY

You need to deposit a minimum of $500 to open an account. In case you decide to make an early withdrawal, penalties will be applied. The credit union also provides the highest interest rate on their Youth certificate of deposit. This CD earns an interest rate of 3.50% APY. The minimum amount to open this best youth certificate is $50.00. Children who are 0 to 18 years of age are alligible for this account. Please be reminded that once the account has been opened, the interest rates may change so make sure to check on the current interest rate on your certificate of deposit.

Individuals who want to become a member of this credit union must work, worship, attends school, or live in the counties of Lamoille, Washington, Grand Isle, Franklin, Addison, and Chittenden in the state of Vermont. Relatives of current members are also eligible to join. You may visit the credit union’s website to apply. You will be required to deposit a minimum of $25 to open a share savings account for membership. You may also contact their customer service line for inquiries with regards to membership application and current CD rates thru 888-252-0202.

Vermont Federal Credit Union has offices located in the cities of Vergennes, South Burlington, St. Albans, Middlebury, and Burlington in the state of Vermont.

The credit union was established in 1953. They currently have over $315 million in declared assets. The are also insurred by the National Credit Union Association with charter number 24405.