Garden Savings Federal Credit Union has special 6-month CD rates for its 15,000 New Jersey members.
It pays 1.00% APY with a $500 minimum deposit of new money.
The top nationally available 6-month CD rate on our CD Rates Leaderboard is currently 0.88% APY.
The lead rate for this term hasn’t hit the 1.00% mark since October 2011.
You have to be a member of Garden Savings Federal Credit Union to buy these certificates of deposit. Membership is available to those who live, work, worship, volunteer or attend school in Newark, Elizabeth or Jersey City, or who are employees, retirees or annuitants of one of the credit union’s more than 100 sponsor companies, which are listed on the website. Members’ family and household members can also join.
Membership in Garden Savings Federal Credit Union requires a $5 deposit in a share savings account.
Members can buy CDs through secure email or in person at a branch.
There are five, in Newark, Parsippany, Murray Hill, Montville and Morristown.
Learn more about Garden Savings Federal Credit Union at www.gardensavingsfcu.org or call 888-554-9328.
See how these returns compare with the best CD rates from scores of banks in our extensive database.