bank rates

Coast-to-Coast 12-Month CD Special Shines

As we wait for the Federal Reserve’s new policy to boost the returns on our savings, XCEL Federal Credit Union‘s 12-month certificate special is appealing – and available to savers nationwide.

Paying 1.50% APY for minimum deposits of $5,000, XCEL’s certificate offers about as much as the top nationally available 24-month return from the banks on our CD Rates Leaderboard.

It’s also enough to earn XCEL a spot in our constantly updated roundup of the top-paying CDs from credit unions and community banks across the country.

Based in New Jersey, XCEL membership is offered to employees and retirees of about 60 affiliated employers.

But all other savers can qualify by becoming a member of the nonprofit American Consumer Council. Although the membership fee is $5, XCEL will refund this to you.

Joining XCEL and opening one of its CDs can be done online or at one of the credit union’s three branches in New Jersey and New York.

Before committing to any certificate of deposit, always be sure to check Bankrate’s extensive database of the best CD rates to make sure you’re earning as much as you can.

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