bank rates

Long Island Bump-Up CD Pays 1.25%

Close view of keys on a calculatorNEFCU has special 20-month bump-up CD rates for its Long Island members.

It pays 1.25% APY with a $1,000 minimum deposit of new money, or funds not already on deposit at the credit union.

Not only does this beat the top nationally available 24-month CD rate on our CD Rates Leaderboard – a 1.20% APY that three banks are offering – you’re safe should the credit union’s 24-month CD rates rise above 1.25% APY in the next 20 months.

You have to be a member of NEFCU to buy these certificates of deposit. Membership is open to those to live, work, worship, attend school or regularly conduct business in Nassau or Suffolk counties, with the exception of East Hampton, Southampton and Shelter Island. Members’ household and immediate family members can also join.

Membership requires a $5 deposit in a share savings account.

Members can buy CDs at over the phone, online or at a branch.

NEFCU has 11 branches at Brookville, Commack, Franklin Square, Massapequa, New Hyde Park, Plainview, Rockville Centre, Syosset, Valley Stream, Wantagh and Westbury.

Learn more about NEFCU at www.mynefcu.org or call 516-561-0030.

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

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  1. Kathy at Bankaholic said:
    on January 28th at 10:21 am

    NEFCU has dropped the rate on this 20-month special bump-up CD to 1.20% APY.