Here is a credit union delivering some extremely lucrative CD (certificate of deposit) rates to it’s members. Central Sunbelt Federal Credit Union out of Mississippi has at least 4 noteworthy savings products worth looking into if you are eligible for membership.
We covered Sunbelt earlier in our post, “best CD rates in Mississippi” and just wanted to quickly reiterate their unique and attractive offerings.
First, is their 6 month CD which is currently yielding a whopping 2.50% APY (roughly twice the national average of 1.26% APY). Second, is their 12 month CD which is yielding 2.72 APY. The national average for 12 month CD’s sits at around 1.65% APY. And the third is their 18 month CD yielding an APY of 3.0%.
If you visit Central Sunbelt Federal Credit Union’s CD rate page you will see that some of their rates are uniquely broken down in a range of maturities rather than one rate per one maturity. For example, if you were to opt for a CD with a maturity of anywhere from 18-30 months you will yield an APY of 3.00%.
Other noteworthy CD rates from Central Sunbelt FCU:
- 91 day CD yielding 2.00% APY
- 36 month CD yielding 3.25% APY
- 48 month CD yielding 3.50% APY
- 60 month CD yielding 3.75% APY
All of the deposits offered by Central Sunbelt FCU come with a minimum deposit amount of $500. The rates associated with their share certificates change weekly, so check back with the institution directly before opening the deposit.
Members will receive a quarterly statement, and updated balances can be seen online or provided through their automated teller service.
Central Sunbelt Federal Credit Union is fairly large credit union in Mississippi – the 3rd largest in the state by member size). They have almost 25,000 members and only 60 employees. As of 2012, they control almost $162 million in consumer deposits and almost $75 million in loans. They have just 4 branch offices – all of which are located in Mississippi.