bank rates

East Coast Credit Union Offers CD Rates That Pay As Much As 2.50% APY

Merrimack Valley Federal Credit Union offers its top CD rates with a $500 minimum deposit.Merrimack Valley Federal Credit Union has so many great CD rates that our CD Rates Leaderboard looks a little shabby.

With a $500 minimum deposit, it’s paying:

  • 2.50% APY for 60-month CDs.
  • 2.00% APY for 36- and 48-month CDs.
  • 1.50% APY for 24- and 30-month CDs.
  • 1.25% APY for 18-month CDs.

Its 60-month CD rates are more than a half of a percentage point higher than its term leader, and the 36-month CD rates are just shy of that mark.

And the 24-month CD beats its term leader by more than a fifth of a percentage point.

You have to be a member of Merrimack Valley Federal Credit Union to buy these certificates of deposit.

Membership is open to anyone lives, works, worships or attends school in the Merrimack Valley, a region which includes the border communities of Massachusetts and New Hampshire surrounding the Merrimack River.

The credit union website defines the region specifically as Andover, Amesbury, Boxford, Dracut, Georgetown, Groveland, Haverhill, Lawrence, Lowell, Merrimac, Methuen, Newbury, Newburyport, North Andover, Rowley, Salisbury, Tewksbury and West Newbury, Mass.; and Atkinson, Brentwood, Chester, Danville, Derry, East Kingston, Exeter, Fremont, Hampstead, Hampton, Hampton Falls, Kensington, Kingston, Londonderry, Newton, Plaistow, Salem, Sandown, Seabrook, South Hampton and Windham, N.H.

Membership requires a $5 deposit in a savings account.

Members have to buy CDs in person. Merrimack Valley Federal Credit Union’s five branches are in Lawrence, Methuen, North Andover and Haverhill, Mass., and Plaistow, N.H.

Learn more about Merrimack Valley Federal Credit Union at or call 800-356-0067.

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 March 19th at 08:09 am

    These rates are all still available.

  2. Mike Sante said:
    on June 1st at 01:40 pm

    These rates are now down to 2.30% APY for 60-month CDs, 1.65% APY for 36-month CDs, 1.30% APY for 24-month CDs and 0.90% APY for 18-month CDs.