bank rates

Top 3-, 5-Year CDs Available To Everyone

We’ve found another credit union that allows savers everywhere to take advantage of its above-Leaderboard, long-term CD rates.

With a $1,000 minimum deposit, New Orleans-based RiverLand Credit Union pays:

  • 2.00% APY for 5-year CDs.
  • 1.50% APY for 3-year CDs.

You can also request the step-up rate option when you buy your CD, which allows you to raise the rate once after half the term has expired.

Given that the top nationally available 60-month CD rate on our CD Rates Leaderboard is still stuck at 1.86% APY, you can’t beat a rate that reaches the 2% threshold.

While not as stellar, RiverLand Credit Union’s 36-month CD rate still beats it term leader by nearly a tenth of a percentage rate.

But you have to be a member of RiverLand Credit Union to buy these certificates of deposit. Membership is open to employees and retirees of a short list of eligible employer groups listed on the website, as well as family members of current members.

But anyone can join by first becoming a member of the Arts Council of New Orleans.

Now, this option isn’t as reasonable as we like to see, as the art council’s cheapest membership level is $60.

And that’s on top of the $5 required deposit in a share savings account and $1 membership fee that RiverLand Credit Union requires.

Paying out that much up front could negate your earnings – at least on the first CD you buy.

Members can purchase CDs through the mail or in person at one of the credit union’s nine branches in Amelia, Jefferson, Killona and New Orleans, La.; Jackson and Port Gibson, Miss.; and The Woodlands, Texas.

Learn more about RiverLand Credit Union at www.riverlandcu.org or call 800-586-4728.

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

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