Certificate of Deposit Rates at Progressive Credit Union, Very Competitive
The Progressive Credit Union offers several good deals with their very competitive CD rates. A 6-month certificate of deposit earn 3.29% APY, 1-year CD has the best CD rate of 3.75% APY.
Other best CD rates are offered as follows: 15-months at 3.87% APY, 18-months at 3.80% APY, 2-year at 3.91% APY, 3-year CD at 4.07% APY, and 5-year top CD rates at 4.32% APY.
The rate’s table has a January date but according to the CSR the offers for their highest CD rates have been updated and are still active.
Membership to the Progressive Credit Union takes an unusual turn where it requires a referral from another member to be eligible to join them. A letter of recommendation from another member is a basic requirement prior to a sign up.
This young credit union has only around 7000 members. Membership has a fee of $2.50 and asks for a $10 deposit.
The office of Progressive is in New York, New York. It is a member of the NCUA with charter # 60064.
