Police and Fire Federal Credit Union offers top CD rates
Warning: The rates featured on this page are likely outdated. Visit our CD Rates Center for updated rates and special offers.
Thanks to BankVibe.com reader Tim for submitting one of the highest yielding 5 year CD rates in the country. As of May 20, 2010, if you are eligible to join Police and Fire Federal Credit Union, you can lock in a 5 year CD at 4.0% APY. The minimum deposit required is just $500 and they offer this rate for both traditional 5 year CD’s and for IRA CDs.
Police and Fire Federal Credit Union has locations throughout Pennsylvania and can accept any active or retired Philadelphia police officer or firefighter and their family members. They also accept those employed by a select group of businesses and organizations in the Philadelphia region.
Current CD Rates offered through Police and Fire Federal Credit Union:
- 5 years 4.00% APY
- 4 years 3.50% APY
- 3 years 3.00% APY
- 30 months 2.50% APY
- 2 years 2.25% APY
- 18 months 1.50% APY
- 15 months 1.45% APY
- 1 year 1.40% APY
- 9 months 1.35% APY
- 6 months 1.25% APY
- 3 months 1.20% APY
Terms and Conditions:
- You will be paid the interest rate until first maturity.
- Compounding frequency: Unless otherwise paid, dividends will be compounded every month.
- Crediting frequency: Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account.
- Dividend period: For this account type, the dividend period is monthly.
Minimum balance requirements:
The minimum balance required to open this account is $500.00.
The minimum balance required to open the Jumbo Certificate is $50,000.00.
- Average daily balance computation method: Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
October 12th, 2010 at 6:41 am
My mom is interested in a CD. She wants to put it in 3 names (her and her
2 daughters). If she were to pass away she would like to know if we
would have a problem taking it out to pay for funeral expenses. Thank
you for your help.