Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
iWall St. Journali CUs among best rate deals
MADISON, Wis. (7/24/12)--In an article Saturday, The Wall Street Journal highlighted credit unions for the favorable rates they pay on certificates of deposits in comparison to banks.

An analysis of 8,300 credit unions and banks conducted for The Wall Street Journal shows that CUs often beat out banks for better rates.

Credit unions and small banks on average pay 0.4% to 0.5% percentage points more on three- and five-ear certificates of deposits than big banks, the article said. Typically, credit unions offer even better rates than smaller credit unions.

Roughly, 18% of credit unions beat the best online rates for CDs--with Fort Knox FCU, Radcliff, Ky., offering the best rates at 2.25% on a 59-month certificate.

The University of Iowa CU, Iowa City, Iowa, offers a 1.75% rate on a 22-month certificate, and a 2.5% rate on 44-month certficate, with a 0.2 percentage bonus for deposits of more than $250,000.

American Airlines FCU offers a five-year certficate at 2.27%.

Connexus CU, Wausau, Wis., pays 2% for a five-year certificate to members with active checking accounts.
Other Resources

RSS print
News Now LiveWire
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
12 minutes ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
2 hours ago
#creditunion CEO confidence continues upward trend #NewsNow http://t.co/gi1IamDlA8
2 hours ago
.@NJCUL to hold info session for #cugreenloans in Sept. See #NewsNow http://t.co/5h65CplhS9
3 hours ago
.@TheCCUL meets with rep of @SenatorTimScott http://t.co/7uBfUrex30
3 hours ago