Best CD Rates 5 Year Term Credit Unions

The best CD rates 5 year term credit unions have to offer might be at or below 3.00%, but are still worth a look for investing your money.

The best CD rates available for the month of July in 2011 from a credit union on a 5 year CD is from the Police and Fire Federal Credit Union. This CU is located in Philadelphia, Pennsylvania and is open for membership to any active or retired policeman and fireman that served this great city in America. Their 5 year CD is earning an APY of 3.00% and requires a minimum deposit of $500.

The next best certificates of deposits rates are from Melrose Credit Union located in the state of New York. They have a 5 year CD that is currently earning an APY of 2.83% with a $ 500 minimum deposit required.

General Electric Credit Union that is located in several towns in Ohio has the next best 5 year CD rate available to their members. Their current 5 year CD is earning an APY of 2.64% with a minimum deposit amount of $500. They are also offering a 5 year IRA CD that is earning an APY of 2.71% with a minimum deposit amount of $100,000.

The Pentagon Federal Credit Union is available in many different locations but usually accessed over the internet by its members. All federal employees are eligible for membership including members of the armed forces. They are currently offering a 5 year CD that is earning an APY of 2.25% with a minimum deposit amount of $1,000.

The last CU on this list is the Granite Credit Union is in the state of Utah. This was originally a teachers CU but have since expanded their membership base to include more residents in their area. They are offering a 5 year CD that is earning an APY of 2.22% with a minimum deposit amount of $1,000.

The bank CD rates find it hard to compete with the CU because they are for profit which goes to the share holders of the banks. The CU reinvest their profits in their members and the main reason the best CD rates 5 year term credit unions are higher.

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