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.
Tags: 1 year CD rate, 6 month CD rates, CD interest rates, CD rates, credit Union CD rate, Credit Union Locations, current CD rates, Navy Federal Credit Union CD rate, Pentagon Federal Credit Union CD rates, State Employees' Credit Union CD rates
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