bank rates

Michigan Credit Union CD Rates Hit 2.5%

Consumers Credit Union is offering special CD rates.Western Michigan’s Consumers Credit Union is celebrating the opening of two new branches with two strong CD rates for its 33,000 members.

With a minimum deposit of $10,000, it pays:

  • 1.25% APY for 7-month CDs.
  • 2.50% APY for 60-month CDs.

The top nationally available 60-month CD rate on our CD Rates Leaderboard just dropped again, to 1.85% APY, making the 60-month special nearly two-thirds of a percentage point higher.

It’s also among the best local deals in the country.

And that 7-month CD is nearly a half of a percentage point higher than the top 6-month CD rate.

Both specials require deposits of new money and allow for one penalty-free withdrawal.

You have to be a member of Consumers Credit Union to buy these certificates of deposit.

Membership is open to people who live, work, worship or are enrolled in post-high school education in Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, Kent, Ottawa, St. Joseph or Van Buren counties.

Relatives and household members of current members may also join.

Membership requires a $25 deposit in a share savings account.

Members can buy CDs over the phone or in person at one of the credit union’s 14 locations in Coldwater, Holland, Lawton, Kalamazoo, Mattawan, Portage and South Haven.

Learn more about Consumers Credit Union at www.consumerscu.org or call 800-991-2221 or 269-345-7804.

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

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Comments (2)
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2 Existing Comments
  1. Bob said:
    on August 13th at 07:41 am

    Awesome

  2. Kathy at Bankaholic said:
    on August 17th at 08:36 am

    Consumers has ended the special 7-month and 60-month CD rates, but it does still offer regular 60-month CD rates of 2.02% APY with a $25,000 minimum deposit and 1.92% APY with a $1,000 minimum.