bank rates

D.C. Deal: Earn 1.55% On 24-Month CDs

Transit Employees Federal Credit Union has a solid CD deal for its Washington, D.C.-area members.

It’s paying 1.55% APY on 24-month CDs with a very reasonable $500 minimum deposit.

You can try searching Bankrate’s extensive database of the best CD rates from hundreds of banks and credit unions, but we suspect you’ll have a hard time beating Transit Employees’ deal.

It pays more than the best nationally available 24-month return offered by the banks on our CD Rates Leaderboard.

That yield is also good enough to land Transit Employees a spot in our rankings of the best local deals from credit unions and community banks around the country.

Membership is open to anyone who lives or works in Washington’s northeast corridor or who works for one of the credit union’s select employee groups, including the Washington Metropolitan Area Transit Authority, Amtrak and Kaiser Permanente.

Certificates of deposit are sold over the phone or at one of the credit union’s two D.C. branches.

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