bank rates

DC-Area CU Has Good Rates On Lots Of CDs

Transit Employees Federal Credit Union has several strong CD rates for its Washington, D.C.-area members.

With a $500 minimum deposit, it pays:

    1.55% APY for 24-month CDs
    1.60% APY for 36-month CDs

The top nationally available 24-month CD rate on our CD Rates Leaderboard currently stands at nearly two-tenths of a percentage point less, at 1.26% APY. The best 36-month CD rate has long been stuck at 1.45% APY.

Transit Employees Federal Credit Union also has two certificates specifically for its members age 18 or younger. The 6-month youth CD pays 1.76% APY, and the 24-month youth CD pays 2.26% APY.

chart showing 2-year CD rates and 3-year CD rates

Both beat their term leaders by at least eight-tenths of a percentage point and require a minimum deposit of just $25.

Plus, the credit union has a 12-month SAYGo certificate for savers who’d rather “save as you go” that pays 1.51%. It requires a minimum deposit of $25, as well as additional deposits during the term.

You have to be a member of Transit Employees Federal Credit Union to purchase these certificates of deposit. Membership is open to anyone who lives, works, worships or attends school in Washington, D.C.’s northeast corridor or who works for one of the credit union’s select employee groups.

That list is on the website and includes the Washington Metropolitan Area Transit Authority, Amtrak and Kaiser Permanente.

Membership requires a $25 deposit in a share savings account.

Members can buy CDs over the phone or in person.

There are two branches in Washington, D.C., at 2000 Bladensburg Road, NE, and at 1114 H Street, NE.

Learn more about Transit Employees Federal Credit Union at or call 202-832-5100.

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

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