bank rates

Baltimore Deal: Bump Up 5-Year CDs Twice

MECU pays 2.55% with a $500 minimum deposit.MECU of Baltimore’s already good 60-month CD rates are made better by the opportunity to bump up the rate twice.

It’s paying 2.55% APY with a $500 minimum deposit.

While that just beats the best nationally available 60-month CD rate of 2.50% APY on our CD Rates Leaderboard, you get to raise the rate twice during the term if interest rates increase.

We love it when a bump-up CD starts out with an already decent rate. (Way to go, MECU.)

But you have to be a member of MECU (www.mecu.com) to buy these certificates of deposit.

Membership is available to anyone who lives, works, attends school or worships in the city of Baltimore, as well as their blood relatives and spouses, or who lives within 5 miles of a branch. Employees of MECU’s business partners and members’ household members may also join.

Members must buy CDs in person at one of MECU’s eight branches, which are located in Baltimore and its suburbs of Catonsville, Dundalk and Pikesville.

See how these returns compare with the best CD rates from scores of banks in our extensive database.

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Comments (6)
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6 Existing Comments
  1. Kathy at Bankaholic said:
    on September 20th at 09:50 am

    This 60-month deal is still available.

  2. Kathy at Bankaholic said:
    on September 26th at 08:22 am

    You can still get this 60-month rate.

  3. Kathy at Bankaholic said:
    on October 3rd at 08:30 am

    MECU’s bump-up rate is still available.

  4. Kathy at Bankaholic said:
    on October 11th at 09:30 am

    This rate is still being offered.

  5. Kathy at Bankaholic said:
    on October 19th at 08:51 am

    You can still get this bump-up rate.

  6. Kathy at Bankaholic said:
    on October 24th at 08:45 am

    MECU’s 60-month bump-up rate has dropped to 2.35% APY.