bank rates

Grab Great Short- And Long-Term CD Rates With This Deal Available To All Savers

Earn top rates on 15-, 60-month CDs.We were already excited about the promotional 15-month CD rate from McGraw-Hill Federal Credit Union, and then we learned that anyone can become a member.

Now, we’re ecstatic.

It pays 1.50% APY with a $500 minimum deposit for this odd-term special.

That’s more than a third of a percentage point higher than the top nationally available 12-month CD rate on our CD Rates Leaderboard.

The credit union also pays 2.25% APY for 60-month CDs with a $10,000 minimum deposit – nearly a third of a percentage point more than its term leader.

You have to be a member of McGraw-Hill Federal Credit Union to buy these certificates of deposit.

Membership is available to employees of the McGraw-Hill Companies or one of the more than 120 other businesses that are select employer groups of the credit union. Members’ family members can join, too.

Those who don’t meet any of those requirements can become a member by making a one-time $25 donation to the VOICE Foundation, the credit union’s charitable arm. The foundation supports the National Junior Tennis and Learning of Trenton and the Children’s Miracle Network.

Membership requires a $5 deposit in a savings account. The amount is already included in the $25 VOICE Foundation donation for those who join that way.

Members can buy CDs over the phone, at a shared branch or at a McGraw-Hill Federal Credit Union branch. There are three in New York City and a fourth in East Windsor, N.J.

Learn more about McGraw-Hill Federal Credit Union at or call 800-226-6428.

See how these returns compare 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. Kathy at Bankaholic said:
    on April 16th at 06:59 am

    These rates are still available.

  2. Kathy at Bankaholic said:
    on April 20th at 07:09 am

    McGraw-Hill’s 15-month special is no longer listed on its website, but the 60-month rate is still available.