Banks for You!

Astera Credit Union provides a competitive interest rate for their certificates of deposit. The following are the list of the credit union’s current CD rates:

• 6 month CD term earns an interest rate of 0.30% APY
• 1 year CD term earns an interest rate of 0.60% APY
• 18 month CD term earns an interest rate of 0.70% APY
• 2 year CD term earns an interest rate of 0.90% APY
• 3 year CD term earns an interest rate of 1.25% APY
• 4 year CD term earns an interest rate of 1.75% APY
• 5 year CD term earns an interest rate of 2.15% APY

These highest certificate of deposit rates requires a minimum deposit of $500 to open and earn this best CD rates. The credit union also provides a competitive rate for their 5 year jumbo certificate of deposit which earns an interest rate of 2.25% APY. This jumbo CD requires a minimum deposit of $50,000. Please remember that the current certificate of deposit rates listed above may change at any time without prior notice.

For members who want to earn this top CD rates may visit the credit union’s office to open an account. You are not allowed to make additional deposits once account is opened. Withdrawals are allowed, but there will be a penalty charged when principal deposit is withdrawn. The penalty charge on the account will depend on the term of your certificate of deposit.

This best certificate of deposit will automatically renew at maturity. A written notice will be sent to you to inform you about the grace period and maturity of the account. During the given grace period, you are allowed to deposit or withdraw funds without penalty. This is also the time for you to decide if you want to reinvest your money with the credit union.

Of course, you can enjoy the benefits of earning these top certificate of deposit rates and a lot more when you are a member of the credit union. Membership with Astera Credit Union is open to current employees and retirees of one of their Select Employee Groups. In case, you do not belong to any of their SEG then you may apply for membership with R.E. Olds Transportation Museum first. There is also a one time membership fee of $25.

Once eligible to become a member, you need to open a share savings account with a minimum deposit of $5. You need to submit proof of identification and address like driver’s license, passport, or state issued ID. In case your address is not listed on your ID then you may submit supporting documents like credit card statement or utility bill.

For more information about the credit union’s membership, account specifics, current interest rates, or requirements you may contact their customer service line at 800 323-0048. Astera Credit Union has several branches located in the cities of Lansing, Dewitt, and Ionia in the state of Michigan.

Astera Credit Union is a not for profit financial organization and has been serving its members since 1949. Currently, they have grown to have 22,931 members with over $148 million in declared assets. All deposit accounts with Astera Credit Union is insured of up to $250,000 with the National Credit Union Association and they have a charter number 60920.

Opening a money market account online can be a great way to boost your savings while still having instant access to your funds in an emergency. Money market account minimum balances vary, though, so be sure to compare account terms before you choose a place for your savings.

OneUnited Bank requires a minimum deposit and a minimum balance of $500 to earn interest on the funds in its UNITY Gold e-Money Market account. You’ll earn 0.85 percent APY on balances up to $99,999.99 and 0.90 percent APY on balances above $100,000.

Compare money market account rates and terms online to find your best deal.

Customers hoping to earn mileage points for spending money may be able to benefit from the new products launched by UFB Direct and the Airline Rewards Savings Account and the Airline Rewards Checking Account. UFD Direct has some of the highest interest rates for savings as they are sitting right around 0.80% APR (March 2012) of course the rates have been higher in the past (1.30% in August 2011), which is why it’s best to check on the interest rates often.

If you would like to acquire a higher savings rate for your accounts and you are looking for other ways to gain mileage points, UFB Direct is a bank that you need to consider. UFB Direct has complete online access and focuses on making it easier on the customers to be able to manage their money with the following perks:

• No minimum balance and no monthly maintenance fees on the account
• 1 Mile point for each $2.00 Point of sale (POS) for every debit transaction
• 500 airline miles/points after 90 days
• 500 additional miles/points after the account has been opened for 1 year
• Mobile deposit (eliminating the need to mail in your checks)

To open the checking account with UFB Direct, you are required to make a minimum $100 deposit. Y

Read Full Post…

This Eagle National Bank CD rates March Review 2012 has to report on the latest changes to the CD rates from this financial institution. This service is being provided in an unbiased basis to help keep you informed. This allows for you to be making a more informed decision when investing your money with this small community bank.

The latest changes are a reduction in the CD rates that were being offered the public. The amount of reduction is from 0.11% to 0.25% in the APY they were offering.

The current bank CD rates include the 3 month CD that is earning an APY of 0.25%. The 6 month CD is earning an APY of 0.50%.

The 1 year CD is earning an APY of 0.90%. The 18 month CD is earning an APY of 1.05%. The 2 year CD is earning an APY of 1.10%.

The 3 year CD is earning an APY of 1.30%. The best CD rates are from the 5 year CD that is earning an APY of 1.50%.

The minimum deposit for these regular certificates of deposit is $1,000. You can earn the same CD rates for an IRA CD. The minimum deposit for the IRA CD is currently at $250.

The Eagle National Bank also offers Jumbo CDs. There are three different terms being offered including the 30 days, 60 days, and 180 days.

Read Full Post…

Transportation Federal Credit Union continues to offer competitive interest rates for their short term and long term certificates of deposit. The following are the list of their current CD rates:

• 0.90% APY is earned on 1 year CD term
• 1.26% APY is earned on 2 year CD term
• 1.56% APY is earned on 3 year CD term
• 1.91% APY is earned on 4 year CD term
• 2.27% APY is earned on 5 year CD term

These highest certificate of deposit rates can be earned when you make an initial deposit of $1,000 to open an account. Once you have established your CD account, you are not allowed to make additional deposits or make changes. You are allowed to withdraw the interest that you earn, but I suggest that you avoid withdrawing the principal balance of your account so that there will be no penalty charge on your certificate of deposit. The amount of penalty charge will depend on the term of your CD.

The earnings of this money in the bank deal are compounded and credited quarterly. You may choose to have it transferred to your savings account, checking account, or mail it to you via check.

Read Full Post…