bank rates

Melrose Credit Union Drops Its CD Rates

New York credit union cuts CD rates by a tenth of a percentFor the first time in 2011, Melrose Credit Union has cut its CD rates.

The New York-based credit union has trimmed rates across all its terms by a tenth of a percentage point.

Look at us. We’re sad.

But even after the cut, Melrose still offers competitive deals.

It even beats the top bank yields on our CD Rates Leaderboard for 12- and 24-month CDs.

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

  • 1.31% APY on its 12-month CD.
  • 1.56% APY on its 24-month CD.
  • 2.07% APY on its 36-month CD.
  • 2.83% APY on its 60-month CD.

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

Compare Melrose Credit Union’s returns with the best CD rates from scores of banks in our database.

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Comments (3)
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3 Existing Comments
  1. Kathy at Bankaholic said:
    on July 11th at 06:03 am

    These rates are still available as of today.

  2. Kathy at Bankaholic said:
    on July 25th at 10:37 am

    You can still get these rates as of today.

  3. Mike Cetera said:
    on August 12th at 04:35 pm

    Melrose has dropped its CD rates again. Each term is down by at least a quarter of a percentage point.