It’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.
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.
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 www.melrosecu.org or call (800) 235-0118.
Compare these returns with the best CD rates from scores of banks in our database.