Solid short term CD rates available in Tennessee

October 28, 2010 No Comments »

We were just tipped off on some fairly noteworthy short term CD rates (5 month CDs and 6 month CDs) with some annual percentage yields that are beating the current national average be decent margins. Because the current market for FDIC insured savings products is nothing short of abysmal, we’d recommend keeping your deposit investments in either short term bank CDs or liquid, interest-bearing accounts such as online savings accounts and/or money market accounts. (Side Note: Sallie Mae’s FDIC insured online savings account is currently offering the top rate at 1.10% APY)

If you happen to reside in Tennessee you may want to mosey over to your local Northeast Community Credit Union as they are offering both 5 month CDs and 6 month CDs with an APY of 1.00% (and a minimum deposit requirement of just $500). We know a 1.0% interest rate is nothing to get excited over, however, considering the national average for 6 month CDs sits at just 0.60% APY, we found these offers to be fairly lucrative by contrast.

Thanks to BankVibe.com reader Craig S. for tipping us off on these deals!

List of Deposit Products and Rates offered through NECCU:

5 month CD
($500 minimum)
6 month CD
($500 minimum)
1.00% Div
Rate/APY
1.00% Div
Rate/APY
7 month CD
(500 minimum)
1.00% Div
Rate/APY
8 month CD
($500 minimum)
1.00% Div
Rate/APY
9 month CD
($500 minimum)
1.00% Div
Rate/APY
10 month CD
($500 minimum)
1.00% Div
Rate/APY
11 month CD
($500 minimum)
1.00% Div
Rate/APY
12 month CD
($500 minimum)

12 month Add-On CD
($500 minimum)

12 month Nest Egg
($100 minimum)

1.26% Div
Rate/APY

1.01% Div
Rate/APY

1.00% Div
Rate/APY

18 month CD
($500 minimum)

20 month Bump Up
($500 minimum)

1.30% Div
Rate/APY

1.10% Div
Rate/APY

24 month CD
($500 minimum)

24 month IRA Certificate
(Fixed Rate $500 minimum)

IRA Accumulation Account
(Variable Rate)

1.45% Div
Rate/APY

1.26% Rate
1.27%/APY

Unfortunately for most of us, these offers are off the table due to geographical restrictions. To check out CD rates available nationally or in your area visit our CD Rate Center.

For further info on the above products visit bemyco.org.

Related Posts