bank rates

Hail A Deal On 6- 24- And 36-Month CDs

If you can meet the rather stiff membership requirements at LOMTO Federal Credit Union, you can score some of the best CD rates in the country.

With a $2,000 minimum deposit this big-city credit union is paying:

  • 1.10% APY on 6-month CDs.
  • 1.45% APY on 2-year CDs.
  • 1.65% APY on 3-year CDs.

All of these deals beat the best nationally available returns offered by the banks on our CD Rates Leaderboard.

Yields on LOMTO’s 1- and 5-year CDs are only one-tenth of a point less than what the national leaders are paying.

Unfortunately, membership is limited to the League of Mutual Taxi Owners, their families and those who live, work, worship or attend school in a limited part of midtown Manhattan. (A map of the eligible area is on the LOMTO website.)

Once you’ve joined, you can buy these certificates of deposit over the phone or at one of LOMTO’s two branches, which are located at 180 Riverside Blvd. in Manhattan and 50-24 Queens Blvd. in Queens.

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