With the Federal Reserve likely starting rate hikes in December or early 2016, top-paying short-term CDs are a wise buy.
That’s why we like Down East Credit Union‘s 5-month certificate paying 1.00% APY, available to savers in nine Maine counties.
A look at our CD Rates Leaderboard of the best nationally available bank yields, as well as Bankrate’s extensive database of the best CD rates around the country, shows how hard this return is to beat, with only one national 6-month CD paying over 1.00% APY.
Down East membership is available to those living or working in Hancock, Kennebec, Knox, Lincoln, Penobscot, Sagadahoc, Waldo and Washington counties, as well as the towns of Brunswick and Harpswell in Cumberland County.
Joining can be done by mail or at one of its eight branches, but certificates of deposit must be bought in person.
For dozens more local and regional deals that beat the best national bank offers, visit our constantly updated roundup of the top-paying credit union and community bank CDs around the country.