bank rates

Highest CD Rates Roundup For June 6

Bringing you the very best CD rates from credit unions and local banks.There were quite a few changes this week to the CD deals we track.

This is definitely a case of good news vs. bad and ugly news.

First the good:

NASA Federal Credit Union, which offers certificates of deposit to any U.S. saver who is also a member of the American Consumer Council, extended its special 49-month CD offer until June 30 – and increased the yield to 2.25% APY from 2.00%. When we first wrote about this deal over the winter, the credit union was expected to end the special in late February, but it has repeatedly extended the offer.

Now the bad:

For the second time in as many weeks, Northrop Grumman Federal Credit Union cut rates on its top 36-month CDs – to 1.48% APY from 1.50% APY – and its 24-month CDs – to 1.33% APY from 1.35% APY. Anyone can join this credit union by first becoming a member of the Southern California Historical Aircraft Foundation.

Security First Credit Union in Texas no longer offers a 36-month CD, but it still offers a 24-month CD at 1.36% APY.

And the ugly. We’ve removed the following institutions from our list of the top offers:

ABNB Federal Credit Union in Virginia, which cut its 63-month CD special to 2.15% APY and its 39-month CD special to 1.40% APY.

Bank of Utica in New York State, which cut its 60-month CD to 2.00% APY, its 48-month CD to 1.75% APY and its 36-month CD to 1.25% APY.

Fort Community Credit Union in Wisconsin, which ended its special 27-month CD offer.

Fort Knox Federal Credit Union, which cut its 46-month CD to 1.85% APY, available to all savers.

Patriot Federal Credit Union in Pennsylvania and Maryland, which ended its 3% APY 60-month CD special and its 2% APY 36-month CD special.

What about new offers, you ask?

We added two new deals to our list of the highest CD rates from credit unions and local banks:

  • America’s Credit Union pays 1.8% APY on 48-month CDs with a $10,000 minimum deposit. Anyone can join this credit union by first joining the Association of the United States Army. A civilian membership runs $34.
  • Transit Employees Federal Credit Union in Washington, D.C., pays 1.60% APY on 36-month CDs and 1.55% APY on 24-month CDs with a $500 minimum deposit. Credit union 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.

We’ll update our page listing the highest CD rates weekly, so you’ll always know what great deals are out there from credit unions and local banks.

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