Weekly Rate Deal - Premier Federal Credit Union Offering 2% APY on 24-Month CD

This week we are traveling to North and South Carolina where Premier Federal Credit Union is offering a nice 24-month (2 year) CD. The CD pays 2.00% APY with a $500 minimum balance. That's pretty good when you consider that the average 5-year CD rate according to BestCashCow is 1.58% APY. The 2.00% beats most 3-year, and 4-year CD rates from other banks and credit unions.

Premier Credit Union is headquartered in Greensboro, NC. Premier has nine branches located across western North and South Carolina. Interested individuals can quality for membership based on several different criteria, including working for or receiving a pension from an eligible company, having an immediate family member who is a member, or living in Kings Mountain, NC or in a defined area in Forest City, NC. Learn more about eligibility.

From a financial standpoint, Premier has a Texas Ratio of 6.65% versus the national credit union average of 10.30%. A lower Texas Ratio is better. The credit union also has a net worth of 15.59% versus the national average of 10.14% (higher is better). All deposits at Premier are insured by the NCUA up to $250,000 per person.

If you don't live near a Premier FCU branch, look for the highest CD rates from banks and credit unions in your local area. BestCashCow also has the Internet's largest database of bank rate information.

Previous Weekly Rate Deals

• November 14, 2011 - Institution for Savings of Newburyport Offering 3 Year CD at 2.50% APY
• November 7, 2011 - State Savings Bank of Rake, IA Offering 3.82% APY FIRA
• October 31, 2011 - First Choice Bank Offering 2.80% APY 5-Year CD
• October 24, 2011 - First National Bank of St. Ignace Offering 12-Month Flex CD at 1.51% APY
• Oct 17, 2011 - Weekly Rate Deal - Navy Federal Credit Union Offering 3% APY 12-Month CD
• Oct 7, 2011 - Farmers & Traders Bank Takes Weekly Rate Deal for 3% APY 60-Month CD

Check back next Monday for a new bank deal. Email any deals you know about to ratedeal (at) bestcashcow.com. Feel free to also share them below. If you're a bank and have a great deal not listed on BestCashCow, register for access and add the deal to the site.

Have a good week and a great Thanksgiving!