CoVantage Credit Union is inviting their members to take advantage of the highest cd rates that they offer like the 12-month deal that earns 2.30% APY. The account requires an initial deposit of $1,000. The other regular certificates of deposit also have attractive current cd rates that compound on a quarterly basis:

12 month 2.30% APY
24 month 2.45% APY
36 month 2.70% APY
48 month 2.95% APY
60 month 3.25% APY

There are also CD promos which can be opened for $5,000 that offer top cd rates. An 18-month special earns 2.35% APY. They also have a 57-month term share certificate that gains 3.40% APY. The 12-month CD rates renews to a 24-month term upon maturity while the 57-month certificate converts to a 60-month CD upon maturity. The interest rate also compound quarterly for these specials.

The website does not detail any fees which may affect your earnings. It will be wise to ask about early withdrawal penalties in particular. You can also probe on renewal details of the special cd deals since you do not want to be trapped with lower interest rates after they mature.

Membership to CoVantage is open for individuals who reside or work in some counties in Michigan and Wisconsin. You can refer to their website to know more about the specific requirements for the membership. Signing up for the credit union requires a $10 deposit into a share savings account.

CoVantage Credit Union has office in Wausau, Shawano, Crandon, and Antigo which are all in Wisconsin. They also have branches in Iron River and Crystal Falls in Michigan.

The credit union gets good reviews for safety and soundness. BauerFinancial issued 5 stars based on their June 2009 data. Bankrate.com stamped 3 stars to their performance evaluation of the credit union.

CoVantage Credit Union is covered by the NCUA through charter number 66848