bank rates

Detroit-Area Deal: CD Rates Up To 2.25%

Tandem Federal Credit Union offers deals on 24-, 36-, and 60-month CDsTandem Federal Credit Union has top CD rates for its metro Detroit members.

With a $2,000 minimum deposit, it’s paying:

  • 1.40% APY for 24-month CDs.
  • 2.00% APY for 36-month CDs.
  • 2.25% APY for 60-month CDs.

While all beat the top nationally available CD rates for their terms on our CD Rates Leaderboard, the 36-month CD rate does so by more than a third of a percentage point.

We should also note: It’s been about a month since we’ve found a 3-year CD that pays as much as 2%.

And one more thing: On its website, Tandem says its 36- and 60-month CD rates are good through Jan. 31, 2012.

You have to be a member of Tandem Federal Credit Union (www.tandemfcu.com) to buy these certificates of deposit.

Membership is available to employees of select area automotive-related plants, as well as anyone who lives, works, worships or attends school in the Detroit suburbs of Center Line, Clinton Township, Eastpointe, Farmington Hills, Ferndale, Fraser, Hazel Park, Oak Park, Roseville, Southfield, Sterling Heights and Warren.

Membership requires a $5 deposit in a savings account.

You also have to visit Tandem Federal Credit Union in person. It has a single location, on Mound Road in Warren.

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

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on November 28th at 10:39 am

    You can still get all of these rates.

  2. Kathy at Bankaholic said:
    on December 5th at 08:42 am

    All of these rates are still being offered.