You can still find decent 60-month CD rates at the State Department Federal Credit Union.
It pays 1.96% APY with a $500 minimum deposit.
Granted, that’s the exact rate this credit union was paying for 48-month CDs in March.
But as you’re aware, CD rates took a bit of nosedive over the summer, evidenced even on our CD Rates Leaderboard.
The top 60-month CD rate there has dropped again to 1.81% APY.
You have to be a member of State Department Federal Credit Union to buy these certificates of deposit.
Originally chartered by employees of the Department of State, membership is still open to those government employees as well as others associated with a slew of the businesses and organizations listed on the website.
But anyone can join by first becoming a member of the American Consumer Council, which doesn’t charge a fee if you’re also joining one of its participating credit unions.
(We don’t know about you, but we’ve got a serious crush on the American Consumer Council over here. It’s giving savers everywhere access to some of the best CD rates available.)
Membership in State Department Federal Credit Union requires a $1 deposit in a share savings account, which the credit union funds for you.
Members can purchase CDs online or in person at one of the credit union’s five branches in Washington, D.C., and Alexandria and Arlington, Va.
Learn more about State Department Federal Credit Union at www.sdfcu.org or call 800-296-8882.
Compare these returns with the best CD rates from scores of banks in our extensive database.