First Trade Union Bank is offering a 2.75% APY 1 year CD and a 3% APY 2 year certificate of deposit. The minimum deposit is only $500 and the maximum deposit is $99,999. The rates are also available as IRA CD rates. Here is their complete list of rates and terms:
* 2.25% APY 6 months
* 2.75% APY 1 year
* 2.75% APY 15 months
* 2.9% APY 18 months
* 3% APY 2 years
* 3.1% APY 30 months
* 3.25% APY 3 years
* 3.5% APY 4 years
* 3.75% APY 5 years
The CDs are available nationally but you must make your first deposit by check unfortunately. The early withdrawal penalty is a steep 1 years’ interest for CD terms of 1 year or longer.
First Trade Union Bank is located in Boston with branches in Massachusetts, New York and Rhode Island. They have a 4 out of 5 star soundness rating from bankrate.com and they’re FDIC insured.