Florida Credit Unions with Respectable Rates on 5 Year Deposits

After a BankVibe.com reader notified us on a competitive 5 year CD coming from a regional credit union based out of Florida, we conducted a little further research an outed a few more noteworthy long term CD rates (with 5 year terms, to be exact) coming from credit unions in Florida.

Although we wouldn’t necessarily recommend locking your money into a 5 year CD in this miserable landscape for FDIC-seeking-savers, we still Read more…

Best 5 year CD rates inching over 3.0% APY

You wont find any online banks offering 5 year CD rates over the 3.0% APY threshold, however, your local credit union may be able to lift your interest rate above that mark. An example of this was sent in yesterday by BankVibe.com reader Ian who noted a substantial offer from his local credit union. If you happen to be able to take advantage of First People’s Community Federal Credit Union of Read more…

Top 5 year CD rates go to Melrose Credit Union

The top 5 year CD rates which are offered nationally come from Melrose Credit Union. MCU (based out of New York) has been highlighted on BankVibe.com several times for there unusually high savings rates on deposit products. They topped the 1 year CD rate list for sometime a while back and now have the most competitive rates available for 5 year terms. Currently with a “share certificate” and a minimum deposit Read more…

Police and Fire Federal Credit Union offers top CD rates

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 Read more…

Long Term Bank CD’s (certificates of deposit): Should I Invest?

Although we’ve seen long term CD rates tick upward ever-so-slightly over the last month or so, we still maintain the stance that you should resist the urge to move forward with these products based on tiny rate hikes. Many banks have been throwing their net out into the plentiful sea of eager savers in an attempt to catch a fresh batch of customers using their small rate hikes as bait. Sure, Read more…