A user just posted a comment about very attractive rates at Credit Union West in Arizona. I checked it out and the deals look pretty good. They are offering:
- A 60-month CD that pays 2.90% APY on balances from $10,000 - 49,999 and 2.95% APY on balances $50,000+.
- A 60-month IRA CD that pays 3.15% APY on balances from $10,000 - 49,999 and 3.20% APY on balances $50,000+.
- A checking account that pays 2.51% APY on balances up to $10,000 as long as you meet the minimum transaction requirements. To receive the rate a customer must have at least 15 debit card transactions each monthly billing cycle, be enrolled to receive eStatements, and have at least one direct deposit post and settle each month.
Both the 60 month regular CD rate and the IRA CD rate are amongst the highest rates in the country for that CD term. The 2.51% rewards checking rate is not the highest, but it is still a good competitive offer.
The catch is that you must live in either Maricopa or Yavapai counties or have a relative who is already a member of the credit union. If you don't happen to fulfill either of these criteria, then take a look at some of the credit unions in your area. Or, take a look at Pentagon Federal Credit Union which anyone can join and which is offering a 60-month CD for 3.04% APY.
Credit Union West, headquartered in Glendale, AZ is a medium sized credit union with $508 million in assets. It has 13 branches located around central AZ. On its website, Credit Union West says that is has an agreement to share branches at over 5,000 locations nationwide wherever the Co-Op Shared Branch sign is shown. At these locations you can make deposits, loan payments, transfers, and more. You can view other locations that are available by visiting the Co-Op Shared Branch website.
Thanks to Charlene for bringing this to our attention!