With Salem Five Savings Bank cutting its 24 month CD rate, Melrose Credit Union’s CD rate for the same period is the best deal available nationally.
Based in Queens, New York, the credit union is paying 1.66% APY on the 24 month CD. The minimum deposit required for this is just $5,000 – an amount less than that required by Salem’s Five.
For the same minimum deposit, Melrose Credit Union offers 2.17% APY for 36 month CD. This is also currently the best CD rate available nationally for a 3 year period.
The credit union sells certificates of deposit both online and via mail.
