bank rates

Special Youth CD Rates Available In Parts of Alabama, Indiana And Kentucky

Park Community Federal Credit Union puts no cap on the amout of money you can depositSpecial CD rates for kids aren’t uncommon, although we find most have a low maximum deposit amount.

But not Park Community Federal Credit Union’s CerKIDicate, making it a great deal for its members who are age 17 or younger.

It’s paying 1.60% APY for 24-month CDs with a $100 minimum deposit.

That’s nearly a third of a percentage point higher than the top 24-month CD rate on our CD Rates Leaderboard.

Membership in Park Community Federal Credit Union (www.parkcommunity.com) is available to anyone who lives, works, worships or attends school in certain parts of Alabama, Indiana and Kentucky. Included are areas surrounding Lexington, Louisville, Berea and Richmond, Ky.; Bloomington, Ind.; and Decatur, Ala.

People who live in an approved census tract can also join. You can enter your address on the website to see if it’s in an eligible area.

Kids certificates of deposit must be purchased in person under the child’s Social Security number.

Park Community Credit Union has branches in Berea, Lexington, Louisville, Richmond and Shepherdsville, Ky.; Clarksville and New Albany, Ind.; and Decatur, Ala.

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 January 9th at 09:21 am

    This special rate for kids is still available.

  2. Kathy at Bankaholic said:
    on January 15th at 11:09 am

    You can still get this special rate.