bank rates

New Leader In 5-Year CD Rates At 3.29%

Melrose Credit Union has leapt to the top of our rankings of the best 5-year CD rates.

Operating out of a single office in Queens, N.Y., it’s now paying 3.29% APY with a minimum deposit of $5,000.

Melrose Credit Union has leapt to the top of our rankings of the bet 5-year CD rates.That’s a better return than you could get with our previous leaders, Hudson City Bank and Acacia Federal Savings Bank, which are still paying 3.15% APY.

Yes, Melrose is a credit union, but it’s a CU with a difference. It has an open charter that allows all U. S. residents to join, and this deal is available online to savers nationwide.

There’s a $1, one-time membership fee and a minimum opening deposit of $25. This money goes into a savings account and must remain there to receive membership benefits.

Aside from that, applying for a certificate of deposit online at Melrose is no different than applying at any bank.

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

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  1. DealMaven said:
    on June 21st at 09:12 am

    On June 21 Acacia Federal Savings Bank lowered the rate it pays on 5-year CDs to 3.05% APY from 3.15% APY. This drops it to third place in the rankings and ties it with EverBank, an online bank based in Jacksonville, Fla.