For those enticed by the yield of a long-term CD but wary of locking in before the Fed starts hiking rates, Truliant Federal Credit Union has an attractive option.
Through Nov. 14, the North Carolina-based credit union is offering a 46-month promotional CD that pays 2.00% APY — the same as the top nationally available 48-month yield on our CD Rates Leaderboard, but with the option for a one-time rate bump.
In addition, the certificate’s early-withdrawal penalty is a reasonable 6 months’ interest (so long as you don’t cash it in sooner than one year).
It’s always smart to check Bankrate’s extensive database of the best CD rates across the country. But we suspect you’ll find few offers to beat Truliant’s terms.
The promotional certificate of deposit requires a minimum investment of $1,000 in new money, meaning funds not already on deposit at Truliant.
In addition to the rate-bump option, which is capped at an increase of 1% above the original rate, Truliant also allows savers to add funds to this certificate of deposit.
Membership is open to those who live or work in 24 counties of North Carolina (including Charlotte, Raleigh, Durham, Greensboro and Winston-Salem), all or part of six Virginia counties and portions of South Carolina’s Greenville County, as well as those who are employed by one of over 1,200 affiliated companies.
Joining Truliant and opening its CDs can be done by phone or at one of its approximately 30 branches.
For dozens more deals like this, be sure to check out our constantly updated roundup of the top-paying CDs from credit unions and community banks around the country.