bank rates

East Coast CD Deal Open To Everyone

hand dropping coin in piggy bank.Andrews Federal Credit Union offers a much lower return on 5-year CDs than it did a year ago.

But doesn’t just about every institution?

That being said, this East Coast credit union offers top 60-month certificates of deposit that pay more than a tenth of a percentage point better than the top nationally available bank deal on our CD Rates Leaderboard.

With a $1,000 minimum deposit, it pays 1.91% APY.

That’s down from the 2.3% offer we featured about a year ago. At that time, the top bank deal paid a tenth of a percentage point less. So this credit union has maintained its slim advantage over the best banks.

You have to be a member of Andrews Federal Credit Union (www.andrewsfcu.org) to purchase these certificates of deposit.

Membership is open to military and civilian personnel of Andrews and McGuire Air Force bases, as well as military installations in Germany, Belgium and the Netherlands, and employees or members of more than 200 groups in New Jersey and the Washington, D.C., area.

In addition, Andrews Federal Credit Union has a partnership with the American Consumer Council, which you can join for free, and then join the credit union.

You can join the American Consumer Council — which is involved in “consumer education, advocacy and financial literacy,” according to its website — through Andrews’ online application page.

Credit Union membership requires a $5 deposit in a savings account.

Members can buy CDs online, over the phone or in person.

Branches are on Andrews Air Force Base and in Suitland and Waldorf, Md.; in Washington, D.C.; on McGuire Air Force Base and in Burlington and Mount Laurel, N.J.; as well as in Belgium, Germany and the Netherlands.

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

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