bank rates

D.C.-Area Deal: Top CD Rates In 4 Terms

These CD rates from Hew Federal Credit Union are available either with a $1,000 or $2,000 minimum deposit.Hew Federal Credit Union is offering CD rates to Washington, D.C.-area savers that pay more than a quarter to nearly half a percentage point better than the best nationally available deals.

Its best deal tops out at 2.52%. That’s what you’ll get on a 60-month CD with a $2,000 minimum deposit.

That’s more than a quarter of a percentage point better than the best nationally available 5-year CD on our CD Rates Leaderboard.

Hew FCU also offers competitive rates on its 12-, 24-, and 36-month CD rates.

With a $1,000 minimum deposit, Hew pays:

  • 1.15% APY on 12-month CDs.
  • 1.75% APY on 24-month CDs.

While the 12-month certificate of deposit pays the same rate as our best nationally available deal, the 24-month deal is more than four-tenths of a percentage point better than the best nationally available 2-year CD rates.

It also pays more than the best nationally available 36-month CD rates offered at 1.70% APY by iGObanking.com.

With a $2,000 minimum deposit, Hew Federal Credit Union (www.hewfcu.com) pays 1.81% APY.

You must become a member of this credit union by opening a savings account and depositing at least $5 in order to purchase these certificates of deposit.

Membership is open to anyone who lives, works, worships or attends school in Washington, D.C., most areas of Prince George’s and Montgomery counties in Maryland, and most areas of the city of Alexandria and in Arlington and Fairfax counties in Virginia.

New members also enjoy a 0.75% APY premium on a 12-month CD. That would bump the 12-month CD rate up to 1.90% APY. Wow.

You can open CDs online or at one of this Alexandria, Va.-based credit union’s branches in Washington, D.C.; Alexandria and Falls Church, Va.; and District Heights, Md.

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

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Comments (5)
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5 Existing Comments
  1. Kathy at Bankaholic said:
    on November 28th at 08:34 am

    All of these rates are still being offered.

  2. andy said:
    on December 12th at 11:24 am

    The help and service is very poor here though, worst I have seen in banking. This CU seems to be going down-hill fast with poor leadership. If you desire state of the art and no fees, don’t bank here.I can never reach them by phone to get an answer and online is from the 70s.

  3. Mike Cetera said:
    on December 19th at 01:34 pm

    12- and 24-month deals are still valid; the 36- and 60-month CD rates have been cut.

  4. andy said:
    on March 10th at 03:50 pm

    rates are not worth the pain to deal with these fools when the CD renews. Most of these rates are not active now, I think this CU is having lending issues based upon NCUA financials.

  5. andy said:
    on July 23rd at 07:41 am

    Almost none of these rates are being offered. They have been slashed but service is still very poor.