Credit Union CD rates are beginning to give up some of their inelasticity and are moving moderately lower. The top credit union CD rates dropped across all terms from the short term 6 month CD rates up to the long term 5 year CD interest rates.
Based on the most recent survey of credit union CD rates performed by Selectcdrates.com, the composite average Credit Union CD rate from the top ten credit unions was 1.408%. The composite credit union CD rate is an average of the 6 month term CDs, 1 year CDs, 2 year CDs and 5 year CDs.
The average credit union CD rate from the top ten largest credit unions on the six month term CD has a rate of 0.70%. The average CD rate on a 1 year term CD was 0.97%. The two year credit union CD rate was 1.38% and the average rate for the five year CD rate came in at 2.58%.
Select credit union CD rates from the top five credit unions included the following CD rates and terms:
Navy Federal Credit Union had the following CD rates and terms:
6 month Navy Federal Credit Union CD rate 0.80%
1 year credit union CD interest rate 1.15%.
The Navy Federal Credit Union continues to promote a limited deposit amount, maximum $3,000.00, 1 year CD rate of 2.90%. Accounts require a checking account and direct deposit.
2 year credit union CD rate is 1.60%
5 year CD rate 2.85%
Navy Federal Credit Union CDs listed require a deposit amount of $1,000.00 with the exception of the 6 month certificate which requires a $2,500.00 deposit.
State Employees’ Credit Union CD rates include:
6 month CD interest rate is 1.50%
1 year credit union CD rate is 1.50%
2 year CD interest rate 2.00%
And the State Employees’ Credit Union 5 year credit union CD rate is 2.75%
All State Employees’ Credit Union CDs require a $250.00 minimum deposit.
Pentagon Federal Credit Union CD rates include the following terms and rates:
6 month CD rate is 0.90%
1 year credit union CD interest rate 1.31%
2 year credit union CD rate 1.25%
5 year CD rate from Pentagon Federal Credit Union CD is 3.00%
Each CD account requires a minimum $1,000.00 deposit.
The Golden 1 Credit Union has the following CD rates and terms available:
Golden 1 Credit Union 6 month CD rate 0.45%
1 year CD rate 0.70%
2 year credit union CD rate 1.15%
5 year CD interest rate 2.45%
Each Golden 1 Credit Union CD account requires a minimum $1,000.00 deposit.
Security Service Federal Credit Union has the CD rates and terms that include:
Security Service Federal Credit Union offers a 6 month CD interest rate of 0.95%
1 year credit union CD interest rate is 1.25%
Security Service Federal Credit Union promotes a 15 month CD with a rate of 1.60%
2 year CD rate 1.80%
5 year CD interest rate is 2.95%
Each credit union CD from Security Service Federal Credit Union listed requires a minimum $500.00 deposit.
Credit union CD rates listed are current as of this publication date but are subject to change. Additional conditions may apply to open these accounts and obtain the posted interest rates. The credit unions listed may offer other CD interest rates and term options.
All credit union CDs and deposits included in the survey are federally insured by the National Credit Union Administration ( NCUA ) up to $250,000.00.
For current CD rates, the credit unions listed can be reached:
The Navy Federal Credit Union can be reached directly at 888-842-6328
State Employees’ Credit Union contact number is 888-732-8562.
The Pentagon Federal Credit Union can be reached at 800-247-5626
The Golden 1 Credit Union can be contacted at 877-465-3361
Security Service Federal Credit Union’s toll free number is 800-527-7328
To find more information on credit union locations refer to the credit union locations section of Selectcdrates.com.
While bank CD rates have continued to fall in June, Credit Union CD rates remained quite resilient. The top credit union CD rates moved modestly lower with the greatest rate reduction occurring in the very short term certificates.
Based in the most recent survey of credit union CD rates performed by Selectcdrates.com, the average rate for the most popular credit union CD terms were as follows:
The average credit union CD rate from the top ten largest credit unions on the six month term CD has a rate of 0.71%. The average credit union rate on a 1 year CD closed out the week at 0.99%. The two year credit union CD rate was down moderately to 1.42% and the average rate for the five year credit union CD stood at 2.66%.
The ten largest credit unions CDs in the weekly Selectcdrates.com credit union survey included Navy Federal Credit Union CD, State Employees’ Credit Union CD, PenFed Credit Union CD, The Golden 1 Credit Union CD, Security Service Federal Credit Union CD, BECU CD, America First Credit Union CD, SchoolsFirst Fed Credit Union CD, Suncoast Schools Federal Credit Union CD and Desert Schools Federal Credit Union CD.
Select credit union CD rates from the top five credit unions included the following CD rates and terms:
Navy Federal Credit Union had the following CD rates and terms:
6 month Navy Federal Credit Union CD rate 0.80%
1 year credit union CD interest rate 1.15%. There is a promotional offer for a 1 year CD rate of 2.90% for balances that cannot exceed $3,000.00 and is available for accounts that also have a checking account and direct deposit.
2 year credit union CD rate 1.60%
5 year CD rate 2.85%
Navy Federal Credit Union CDs listed require a deposit amount of $1,000.00 with the exception of the 6 month certificate which requires a $2,500.00 deposit.
State Employees’ Credit Union CD rates include:
6 month State Employees’ Credit Union CD rate is 1.50%
1 year credit union CD rate is 1.50%
2 year CD interest rate 2.00%
5 year credit union CD rate 3.00%
All State Employees’ Credit Union CDs require a $250.00 minimum deposit.
Pentagon Federal Credit Union CD rates include the following terms and rates:
6 month Pentagon Federal Credit Union CD rate is 0.90%
1 year credit union CD interest rate 1.31%
2 year credit union CD rate 1.25%
5 year CD rate 3.00%
Each CD account requires a minimum $1,000.00 deposit.
The Golden 1 Credit Union has the following CD rates and terms available:
6 month Golden 1 Credit Union CD rate 0.45%
1 year credit union CD rate 0.75%
2 year credit union CD rate 1.20%
5 year CD rate 2.45%
Each Golden 1 Credit Union CD account requires a minimum $1,000.00 deposit.
Security Service Federal Credit Union has CD rates and terms that include:
6 month Security Service Federal Credit Union CD rate 0.95%
1 year credit union CD rate 1.35%
15 month promotional CD has a rate of 1.85%
2 year CD rate 1.90%
5 year CD rate 2.95%
Each credit union CD from Security Service Federal Credit Union listed requires a minimum $500.00 deposit.
All credit union CDs and deposits included in the survey are federally insured by the National Credit Union Administration ( NCUA ) up to $250,000.00. The credit unions listed may offer other rates and fees or change the rates and fees contained in this survey from time to time. For current CD rates, the credit unions listed can be reached:
The Navy Federal Credit Union can be reached directly at 888-842-6328
State Employees’ Credit Union contact number is 888-732-8562.
The Pentagon Federal Credit Union can be reached at 800-247-5626
The Golden 1 Credit Union can be contacted at 877-465-3361
Security Service Federal Credit Union’s toll free number is 800-527-7328
The top credit union CD rates were mostly unchanged for the week ending May 21, 2010 based in the most recent independent credit union survey performed by Selectcdrates.com.
The average credit union CD rate on six month term CD from the top ten largest credit unions ended the week with a rate of 0.73%. The average rate from the ten largest credit unions on a 1 year CD closed out the week at 1.01%. The two year credit union CD rate held at 1.51% and the average rate for the five year credit union CD was 2.69%.
All credit union CDs and deposits included in the survey are federally insured by the National Credit Union Administration ( NCUA ) up to $250,000.00. The credit unions listed may offer other rates and fees or change the rates and fees contained in this survey from time to time.
The ten largest credit unions CDs in the survey included Navy Federal Credit Union CD, State Employees’ Credit Union CD, PenFed Credit Union CD, The Golden 1 Credit Union CD, Security Service Federal Credit Union CD, BECU CD, America First Credit Union CD, SchoolsFirst Fed Credit Union CD, Suncoast Schools Federal Credit Union CD and Desert Schools Federal Credit Union CD.
CD rates from the top five credit unions included the following CD rates and terms:
Navy Federal Credit Union CD rates include:
6 month Navy Federal Credit Union CD rate 0.80%
1 year credit union CD interest rate 1.25%
2 year credit union CD rate 1.70%
5 year CD rate 2.85%
State Employees’ Credit Union CD rates include:
6 month State Employees’ Credit Union CD rate is 1.50%
1 year credit union CD rate is 1.50%
2 year CD interest rate 2.00%
5 year credit union CD rate 3.00%
Pentagon Federal Credit Union CD rates include the following terms and rates:
6 month Pentagon Federal Credit Union CD rate is 0.99%
1 year credit union CD interest rate 1.31%
2 year credit union CD rate 1.71%
5 year CD rate 3.00%
The Golden 1 Credit Union has the following CD rates and terms available:
6 month Golden 1 Credit Union CD rate 0.45%
1 year credit union CD rate 0.75%
2 year credit union CD rate 1.20%
5 year CD rate 2.45%
Security Service Federal Credit Union has the CD rates and terms that include:
6 month Security Service Federal Credit Union CD rate 1.05%
1 year credit union CD rate 1.45%
2 year CD rate 1.90%
5 year CD rate 2.95%
The Navy Federal Credit Union can be reached directly at 888-842-6328
State Employees’ Credit Union contact number is 888-732-8562.
The Pentagon Federal Credit Union can be reached at 800-247-5626
The Golden 1 Credit Union can be contacted at 877-465-3361
Security Service Federal Credit Union’s toll free number is 800-527-7328
The credit union CD rates or dividend rates and APY on all accounts are effective as of the date noted and are subject to change without notice. A penalty may be imposed for early withdrawal. Certain conditions and restrictions on these credit union accounts may apply.
Credit unions are member-owned, not-for-profit financial cooperatives. Credit union profits are paid back to its members as dividends on deposits, lower interest rates on loans, and in the services offered by the individual credit unions.
Credit union CD rates for May 17, 2010. The enclosed list is the current CD rates from the largest credit unions in the U.S. Credit unions offer members numerous financial services and products including credit unions CDs. Credit union CDs are share term certificates that are also referred to as certificates of deposit or CDs and are comparable to bank CDs.
The top five largest credit unions based on membership includes: Navy Federal Credit Union, State Employees’ Credit Union, Pentagon Federal Credit Union, The Golden 1 Credit Union and Security Service Federal Credit Union.
These five credit unions offer a number of different terms and rates on their credit union CDs. The following is a list of the most common CD terms with the corresponding interest rate earned on these credit union accounts.
Navy Federal Credit Union CD rates include:
6 month CD rate 0.80%
1 year CD interest rate 1.25%
2 year credit union CD rate 1.70%
5 year CD rate 2.85%
The Navy Federal Credit Union can be reached directly at 888-842-6328 to discuss current CD rates as well as additional account and membership information.
State Employees’ Credit Union CD rates include:
6 month CD rate 1.50%
1 year CD rate 1.50%
2 year CD interest rate 2.00%
5 year credit union CD rate 3.00%
State Employees’ Credit Union contact number for CD rates and general account information is 888-732-8562.
Pentagon Federal Credit Union CD rates include the following terms and rates:
6 month CD rate 0.99%
1 year CD interest rate 1.31%
2 year credit union CD rate 1.71%
5 year CD rate 3.00%
The Pentagon Federal Credit Union can be reached at 800-247-5626 for additional information on their financial products and services.
The Golden 1 Credit Union has the following CD rates and terms available:
6 month CD interest rate 0.45%
1 year CD rate 0.75%
2 year credit union CD rate 1.20%
5 year CD rate 2.45%
The Golden 1 Credit Union can be contacted at 877-465-3361 for more information on these account products and more.
Security Service Federal Credit Union has the CD rates and terms that include:
6 month CD rate 1.05%
1 year CD rate 1.45%
2 year CD rate 1.90%
5 year CD rate 2.95%
Security Service Federal Credit Union’s current account rates and product information can be found by contacting the toll free number 800-527-7328.
These credit union CD rates and terms are all fixed rate and fixed term accounts. Most of the credit unions listed also offer other terms that range from 3-60 months or longer. Most credit union accounts can be opened at the credit unions branch or online. All rates are as of May 17, 2010 and are subject to change without notice. Certain conditions and restrictions on these credit union accounts may apply.
The APY is based on an assumption that dividends or the interest earned will remain in the account until maturity. Any withdrawal or transfer of funds prior to the CD maturity reduces earnings and the listed rate of return and there may be penalties for early withdrawal.