Individual retirement accounts CDs with a decent yield are hard to find. Here are three of the best: Top IRA CD Rates for 12 Month Term Bank or Credit Union APY Minimum Deposit Term Melrose Credit Union 1.10% $4,000 12 Months Discover Bank 0.90% $2,500 12 Months Top IRA CD Rates for 24 Month Term Bank or Credit Union APY Min. Deposit Term Melrose Credit Union 1.36% $4,000 24 Months Avidia Bank 1.31% $500 24 Months Top IRA CD Rates for 36 Month Term Bank or Credit Union APY Min. … [Read more...]
How Can Melrose Credit Union Offer Such High CD Rates?
Melrose Credit Union is unique in several ways. Below are some of the key elements to it’s profitability and high rates. No Membership Requirements First it has an open charter which means US residents in any state can become members without the usual need of belonging to a certain group. Unusual Profitability Due to Taxi License Loans Second, Melrose Credit Union is unusually profitable because it makes loans to prospective New York cab drivers. Each cab in New York requires a … [Read more...]
Serious Gifts for Opening a CD – GiftsforBanking.com Review
Flushing Savings Bank owns iGObanking.com and GiftsforBanking.com. Both sites offer CDs but is it better to choose a higher yield or a gift? To decide this, I will compare the dollar amount of interest you would earn by choosing to not get a gift with the retail value of a sample of gifts. 2 Year CD Minimum Deposit of $5000 to Get Gift CD rate at iGObanking.com (no gift): 1.25% APY CD rate at GiftsforBanking.com (gift): 1.00% APY Amount of interest lost on a $5k deposit over 2 … [Read more...]
