Warren Federal Credit Union has special 30-month CD rates for its 42,000 members looking to add to their deposits over time.
It pays 1.50% APY with just a $1 minimum deposit of new money.
This “expandable” CD lets you make additional deposits throughout the term, through either weekly, monthly or quarterly transfers of funds not already on deposit at the bank.
And the rate is decent, given that the top nationally available 36-month CD rate on our CD Rates Leaderboard has fallen back to 1.40% APY.
With a $250 minimum deposit, the credit union’s 60-month CD rate beats the current term leader by a tenth of a percentage point, at 1.95% APY.
But if you have a little more to invest, it climbs above 2%. A minimum deposit of $50,000 will net you 2.01% APY; $100,000, 2.06% APY.
You have to be a member of Warren Federal Credit Union to purchase these certificates of deposit.
Membership is limited to those who live, work, worship or attend school in the credit union’s investment area in Cheyenne, Wyo.; military and civilian personnel assigned to Francis E. Warren Air Force Base; and those affiliated with a long list of select employee groups in Laramie and Albany counties in Wyoming and northern Colorado.
You can find those lists on the website if you begin the process to join the credit union.
Membership requires a $5 deposit in a share savings account.
Members have to buy CDs in person. There are eight branches Cheyenne and Laramie, Wyo., and Fort Collins and Wellington, Colo.
Learn more about Warren Federal Credit Union at www.warrenfcu.com or call 800-368-9328.
See how these returns compare with the best CD rates from scores of banks in our extensive database.