12 month CD yielding 3.10% APY through Southeast Fed. Credit Union
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
Good news! There are more 12 month certificates of deposit yielding 3.0 percent plus coming out of the wood-works. If you scroll down you will notice that we have recently mentioned a few CD’s with 1 year durations yielding rates ABOVE the 3.0% mark, and hopefully this is a trend that will continue.
The latest in our quest for 3.0% 12 month CD’s comes from a credit union in the southeast (Bowling Green, Kentucky). Currently they have two noteworthy deposit rates. The first is a 12 month CD yielding 3.10% APY with a $500 minimum deposit. The second is a 18 month CD yielding 3.25% APY with a $500 deposit.
The only negative news about these rates is that most of the US population is probably ineligible to receive them. Like most credit unions, there are strict geographical restrictions (among other restrictions) for membership.
Southeast Financial Federal Credit Union has a 3 step process for deciphering whether or not you’re eligible for membership.
1) You can become a member via employer. Follow the “3 step” link above to see if you’re employer matches their list of accepted employers.
2) You can become a member via community. If you live, work, worship, attend school or volunteer in the greater Bowling Green, Kentucky area you are most likely eligible to join (and invest in their lucrative bank CD’s)
3) Or, perhaps the most interesting and rewarding, if make a $5.00 donation to their autism school of middle Tennessee you can automatically qualify for membership. (You must call them for details).
March 13th, 2009 at 2:10 pm
Thanks for the tips bankvibe!