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Louisiana Deal: 5-Year CD Pays 2.25%

Louisiana quarterYou won’t believe what Jefferson Financial Credit Union is paying for 60-month CD rates for its members just outside New Orleans.

It’s 2.25% APY with a $10,000 minimum deposit — the amount the credit union qualifies for its jumbo rate.

That’s amazingly good, especially when you consider that the top nationally available 60-month CD rate on our CD Rates Leaderboard has been stuck at 1.80% APY for a month now.

A minimum deposit of $1,000 will still net you an even 2.00% APY.

You have to be a member of Jefferson Financial Credit Union to purchase these certificates of deposit.

Membership is open to residents of Jefferson Parish, students and staff members of Jefferson Parish’s public school system, staff members of St. James Parish’s public school system, and faculty and staff members of Ochsner Health System.

Employees of select employee groups, listed on the website, as well as employees and family members of the credit union can join, too.

Membership requires a $10 deposit in a share savings account, from which a $5 membership fee is subtracted.

Members can buy CDs online or at one of the credit union’s nine branches in Gretna, Harvey, Jefferson, Kenner, Marrero, Metairie and St. James.

Learn more about Jefferson Financial Credit Union at www.jeffersonfinancial.org or call 800-259-2471.

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 April 2nd at 06:33 am

    Jefferson’s Financial’s rates have taken a big dip as of April:
    60-month now pays 1.51% APY with $10K minimum and 1.31% APY with $1K minimum.