Singing River Federal Credit Union’s 60-month CD rates are music to my ears.
For its members in Alabama and Mississippi, it pays 2.00% APY with a $1,000 minimum deposit.
The rate increases to 2.10% APY with a minimum deposit of $50,000 and 2.20% APY at $100,000.
The top nationally available 60-month CD rate on our CD Rates Leaderboard dipped below 2% earlier this month and has since settled in at 1.85% APY.
You have to be a member of Singing River Federal Credit Union to purchase these certificates of deposit. Anyone who lives or works in the Mississippi counties of George, Greene or Jackson, or the Alabama counties of Baldwin or Mobile, can join, as can family members of current members.
A $10 deposit in a share savings account is required for membership.
Members have to buy CDs in person at one of the credit union’s four branches in Mobile, Ala., and Lucedale, Moss Point and Pascagoula, Miss.
Learn more about Singing River Federal Credit Union at www.srfcu.org or call 888-474-0080.
See how these returns compare with the best CD rates from scores of banks in our extensive database.