New York Banking Rates

24-Month CD Rate Deal of the Day: Greater Metro Federal Credit Union at 1.06% APY

Utilizing a certificate of deposit (CD) to grow money is one of the easiest and safest financial vehicles available. Greater Metro Federal Credit Union takes pride in making it easy for its members to not only enjoy great rates but see financial growth with the backing of federal insurance.

Currently, the credit union is offering its members a very competitive 1.06% APY on its 2-year CD account. Individuals looking for top CD rates should strongly consider this deal.

2-Year CD Rates: Terms and Conditions

Individuals who open a 24-month CD account with Greater Metro Federal Credit Union can benefit from the competitive CD rates by taking one simple step: depositing a minimum of $500. Once the minimum amount is deposited, the member can begin earning dividends that are compounded daily and credited monthly.

It’s important to note that the credit union does permit early withdrawals, but they will be subject to a penalty that could reduce the principal balance of the CD account.

About Greater Metro Federal Credit Union

Greater Metro Federal Credit Union was originally established in 1970 by a group of IBM employees working in the Metropolitan New York area. Since getting its start over four decades ago, the credit union has grown to serve over 7,400 members with assets in excess of $90 million.

Membership is open to employees of a number of companies, including The IBM Corporation, The Veteran’s Administration Hospital in Manhattan and the Interchurch Center. Greater Metro Federal Credit Union also ensures members’ funds are always protected with federal insurance of up to $250,000 through the NCUA.

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.