Pennsylvania based Police and Fired Federal Credit Union still offers very competitive certificate of deposit rates. The top cd rates range from 1.20% APY for a 3-month CD through the highest cd rates of 4.00% for a 5-year term. The same interest rates apply to IRA certificates. The minimum deposit to open this certificate of deposit is just $500.

The current interest rates are as follows:

5 years 4.00% APY
4 years 3.50% APY
3 years 3.00% APY
30 months 2.50% APY
2 years 2.25% APY
18 months 1.50% APY
15 months 1.45% APY
1 year 1.40% APY
9 months 1.35% APY
6 months 1.25% APY
3 months 1.20% APY

There is an online application that you may use if you want to take advantage of the highest cd rates but of course you need to be a member of the credit union first. They also require that you put in some money into one of the liquid accounts of the FCU. Once you have signed up as a member, you can transfer some money to the credit union’s savings accounts via ACH. You can fill up an application for a CD and use the money you have transferred to complete the purchase of the certificate.

Aside from the members of the police force and fire brigade of Philadelphia, the credit union also welcomes members from select employee groups and other associations. You can visit their Membership Page to know the details of the process.

You can use the online application for membership if you want to sign up. There is a requirement for a $5 deposit. Online funding is also allowed.

Police and Fire Federal Credit Union has offices in Philadelphia and its surrounding suburbs.
The credit union has strong financial ratings. Bankrate.com issued 4 stars while BauerFinancial gave the credit union 5 stars for soundness and safety. The credit union is a big organization with more than $3 billion in assets.

Police and Fire FCU is covered by the NCUA through charter number 2551.