Police and Fire Federal Credit Union still push for their very competitive certificates of deposit. Their best cd rates kicks of at 1.70% APY for their 3-month CD program and peaks at 4.00% APY for a 5 year CD.

They have the following current interest rates:

3 month 1.70% APY
6 month 1.80% APY
9 month 1.90% APY
1 Year 2.00% APY
15 month 2.15% APY
18 month 2.25% APY
2 Year 2.50% APY
30 month 2.75% APY
3 Year 3.00% APY
4 Year 3.50% APY
5 Year 4.00% APY

The CD rates above can be enjoyed for a minimum deposit of $2,500. These interest rates can also be acquired through IRAs. The figures above are still posted on their website as of October 22 but can be changed by the union any time.

The cd interes rates have gone down the past few months but their short to long term certificates remain to be very competitive.

There is an online application for the certificate of deposit but you must be a member to use it. Once you are a member of the credit union and have a liquid account with them, you can transfer money from your account to fund the CD via ACH transfer.

Aside from firefighters and police, the credit union also welcomes some select employee groups and accredited associations. You can see the full details of membership on their website. It will be best if you will verify with the credit union first if the association you are joining is really accredited with the credit union.

You can also apply for membership online. Funding can also be online. The credit union requires a $5 deposit.

Police and Fire FCU has braches spread across the suburbs of Philadelphia.

The credit union receives very good ratings from bankrate.com with 4 stars for soundness and safety. BauerFinancial issued 5 stars for its performance. Both evaluations are based on their March 2009 data. The credit union has a declared asset of $3.1 billion and a membership base of 163,695.

They are covered by the NCUA through charter number 2551.