Money One Credit Union offers their best cd rates for their “Holding on to 29” certificate of deposit special. This is a 29-month money in the bank deal earning 2.90% APY. The credit union requires new money funding of at least $29,000 to enjoy the top cd rates.

The current cd rates that we have here are still effective as of October 20 but may be changed any time.

Interested individuals must also be within 29 miles from the credit union office to qualify. It seems that the credit union wants to keep this best cd rates locally.

The 29-month certificate of deposit will revert to the regular 3-year term when it reaches its maturity. At the moment, the 3-year term CD on a $10K to $50K tier has an interest rate of 2.37% APY. You may also want to ask about early withdrawal penalties which may affect your earnings.

It is very easy to join Money One. Anybody interested to join can qualify by making a donation to the Gifts for Easter Seals. You can visit their website to check out the list of the employee groups which are selected to be eligible for membership.

Membership to the credit union requires at least $5 of deposit into a share savings account.

Money One Credit Union is headquartered in Largo, Maryland. They also operate a branch in College Park.

The credit union gets superior ratings for soundness and safety. Bankrate.com issued 4 stars while BauerFinancial gave 5 stars upon evaluating its performance using their June 2009 data.

The credit union is covered by the NCUA through charter number 7264.