12 month CD yielding 2.78% through Grand Junction Federal Credit Union

July 18, 2009 No Comments »

Thanks to BankVibe reader Eric for tipping us off on a pretty decent 12 month CD rate offered through a Colorado based credit union called Grand Junction Federal Credit Union. Currently their 12 month deposits are available for IRA’s and as regular share certificates with a minimum balance of $2,500. With this product you will also earn a very lucrative APY of 2.78% (the current national average sits at roughly 1.65% APY).

This credit union is federally insure by the NCUA (FDIC equivalent) and was first opened in 1957. Like most credit unions they are a not-for-profit member-owned institution who pass their profits on to their members in the form of higher savings rates and lower mortgage rates.

We haven’t found a “membership eligiblity” checklist which most credit unions and community banks provide on-line, so we can’t provide a definitive answer as to who can join and take advantage of this product.

If you have any experience with Grand Junction Federal Credit Union or aware of their membership policies please share by leaving a comment. Also, some community banks and CU’s have allowed out of state funds by individual households with a “membership or inclusion fee.” We have seen these sorts of fees range between $5 and $500, so if you are planning on proceeding with this product I would suggest contacting a rep for further info and qualifications. Contact: (970) 243-1370

Grand Junction Federal Credit Union certificate of deposit rates:

(as seen on their rates page)

CERTIFICATES & IRAs
RATE
APY*
TERM
Share Certificates Regular And IRA’s
Share Certificates Regular And IRA’s
2.200%
2.220%
6 Mos
Share Certificates Regular And IRA’s
2.400%
2.430%
9 Mos
Share Certificates Regular And IRA’s
2.750%
2.780%
12 Mos
Share Certificates Regular And IRA’s
2.950%
2.990%
18 Mos
Share Certificates Regular And IRA’s
3.000%
3.040%
24 Mos
Share Certificates Regular And IRA’s
Share Certificates Regular And IRA’s
3.100%
3.140%
36 Mos
Share Certificates Regular And IRA’s
3.150%
3.200%
48 Mos
Share Certificates Regular And IRA’s
3.250%
3.300%
60 Mos

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