Quorum Credit Union

Quorum has new 15 month CD promotion for new money deposited with the credit union.  The 15 month term certificate of deposit account has an interest rate of 1.65 percent.  The current rate is more than eight times the national average bank CD rate for a comparable 12 month term account (0.20%) or almost five times the national average rate for a 24 month term account (0.34%).  The rate on this promotion is also 45 basis points, 0.45 percent, above the best 12 month CD rate available nationally.

The minimum deposit and balance required to open one of the CDs and earn the promotional rate is $1,000.00.  A penalty will be imposed if funds are withdrawn prior to maturity date.  The account is set to automatically roll-over into one of the credit union’s 18-month term CD accounts at the current rate at maturity.

The Annual Percentage Yield listed is current as of 02/24/15 and subject to change.  The CD account is available for a limited time and for new money only (funds on deposit with Quorum for less than two weeks).  Accounts are available to members of Quorum FCU.

Quorum Federal Credit Union is a full service financial institution that offers an array of deposit and loan products to members.  Its primary deposit products are checking, savings, money market and term certificate accounts, and its primary lending products are residential mortgage, credit cards, and student loans.  Quorum FCU is based in Purchase, NY with additional locations in New York, Illinois, Wisconsin, South Carolina and New Jersey.

More information about Quorum and the credit union account promotion can be obtained by visiting the institutions web site located at quorumfcu.org or by calling the members services number at (800) 874-5544.

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