If you don’t already belong to USALLIANCE Federal Credit Union, now’s a great time to join since it’s offering a handful of worthy CD specials to new members.
Existing members also have an attractive option or two, with the credit union currently paying:
- 1.51% APY on 15 months – New members only.
- 1.61% APY on 18 months – New members only.
- 1.71% APY on 35 months – New or existing members.
- 1.76% APY on 36 months – New members only.
All require depositing at least $500 and signing up for e-statements.
Also, the offers for new members may be available to existing members through the customer referral program.
Note that you won’t find the 18-month and 36-month yields published on USALLIANCE’s site as you see them above. That’s because the rate comes from applying a special MyChoice promotion that adds 0.50% to the yield of any regular CD the new member chooses.
With the top nationally available returns from the banks on our CD Rates Leaderboard currently standing at 1.26% APY for 12 months, 1.50% APY for 24 months and 1.66% APY for 36 months, all of the USALLIANCE yields above are nation-leading offers.
But new specials can come and go quickly, so it’s always smart to check Bankrate’s extensive database of the day’s best CD rates before locking your funds into a certificate.
Membership in New York-based USALLIANCE is immediately open to those who live in certain parts of Massachusetts or Connecticut, or who work for one of almost 300 affiliated employers.
But anyone can join by becoming a member of an affiliated charitable organization, and USALLIANCE will even make the donation for you.
Joining USALLIANCE and opening its certificates of deposit can be handled online, by phone or at any of its two dozen branches in Connecticut, Massachusetts, New Jersey and New York.
As we’ve cautioned before, USALLIANCE’s membership agreement contains an unusual provision permitting the credit union to call or redeem any CD early upon 60 days’ written notice.
Although we consider it unlikely that any bank or credit union would redeem CDs early when rates are relatively stable (as they are right now), savers should be aware of this possibility.
To search more than 200 additional local deals that outdo the top national bank returns, visit our constantly update roundup of the best credit union and community bank CDs across the country.