bank rates

Melrose Credit Union CD Rates: An Update

Picture of the outside of a Melrose Credit Union BranchIt’s been almost nine months since Melrose Credit Union made big cuts to its typically top CD rates.

Since then, the best nationally available deals on our CD Rates Leaderboard have all declined.

And Melrose?

Its offers have remained unchanged since July 25, 2012. Those rates now compare well against the competition, particularly in the 36- and 60-month terms.

With a $5,000 minimum deposit, Melrose Credit Union pays:

  • 1.96% APY on 60-month CDs.
  • 1.46% APY on 36-month CDs .

Both of those offers pay a bit better than the best nationally available bank deals.

What impresses us the most, though, is that Melrose hasn’t changed (read: cut) rates in so long.

Chart showing Melrose Credit Union vs. Top Nationally Available CD Rates

Name us another institution that sells certificates of deposit that has been as generous in not tinkering with its yields.

Anyone can join New York-based Melrose Credit Union, regardless of where they live or work, by paying a $1 membership fee and depositing $25 in a savings account.

For more information, visit or call (800) 235-0118.

Compare these returns with the best CD rates from scores of banks in our database.

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Comments (4)
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
4 Existing Comments
  1. Debbie J said:
    on April 18th at 11:58 am

    We opened a CD at Melrose a little over a year ago. We have been very pleased. They are easy to work with, and the website is great and easy to use. We will open additional CDs at Melrose.

  2. Kathy at Bankaholic said:
    on May 3rd at 11:42 am

    Melrose has just lowered these rates:

    60-month now pays 1.86% APY.
    36-month now pays 1.36% APY.

  3. Kathy at Bankaholic said:
    on May 28th at 02:34 pm

    These rates have dropped again:
    60-month now pays 1.75% APY.
    36-month now pays 1.25% APY.

  4. Kathy at Bankaholic said:
    on June 28th at 07:03 am

    Melrose has boosted these rates back up to 1.96% APY for 60-month CDs and 1.46% for 36-month CDs.