New York Banking Rates

12-Month CD Rates Deal of the Day: Lockport Schools Federal Credit Union at 0.85% APY

Saving toward retirement is important, but there are other reasons to save that are often overlooked.  Saving for a major purchase, or to simply to build up an emergency fund, are sometimes considered more important reasons to save by many personal finance experts. In fact, locking into great short term CD rates with terms of 6 or 12 months can be the best way to effectively grow savings.

At Lockport Schools Federal Credit Union, they are currently offering 12-month CD rates of 0.85% APY. This is the perfect blend of rate and term, and should allow for a good, virtually risk-free rate of return.

12-Month CD Terms and Conditions

The minimum to open any share certificate at Lockport Schools Federal Credit Union is $1,000, regardless of term. To earn the featured CD rates of 0.85% APY, a term of 12 months is required. An early withdrawal penalty will apply if funds are withdrawn before maturity.

About Lockport Schools Federal Credit Union

Lockport Schools Federal Credit Union was opened in 1966 for the purpose of providing excellent customer support and service, as well as great financial products, to the current and retired employees of the Lockport City School District. In addition, employees of the credit union and immediate family members of the current and retired district employees are also eligible to join.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.