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Platinum Federal Credit Union CD Rates
 

Platinum Federal Credit Union CD Rates

Platinum Federal Credit Union CD rates are very competitive on both the short term and long term yield curve. Platinum Federal Credit Union's CD rates are tiered and based on the account deposit amount. The dividend CD rates are better than most credit union CD interest rates and better than most bank CD rates.

6 month CD rates are at 0.75% for account balances of $1,000 to $9,999. Have more than $9,999 to deposit into a CD account? Well if you do you can earn a 6 month CD rate of 0.85%.



Regardless of whether you have less than 10K or more than 10K to deposit the credit union's 6 month CD rates are some of the highest CD rates around. When compared to the national average 6 month CD rate of only 0.19% the rates look even better.

Platinum Federal Credit Union is also offering other share CD rates including 1 year, 2 year, 3 year and 5 year CD rates. Of course the highest CD rates are on 5 year share certificates at 1.75% for deposits of 1k to 10k. Deposits of 10k or more earn a rate of 2.00%.

These rates might not seem like much historically speaking but when compared to the national average 5 year rate of 1.10% this credit union's rates are some of the best CD rates around.

Platinum Federal Credit Union CD Rates


Deposits of 1k to 10k

  • 6 month CD rate 0.75%

  • 12 month CD rate 0.90%

  • 24 month CD rate 1.00%

  • 36 month CD rate 1.25%

  • 60 month CD rate 1.75%


Deposits of 10k or more

  • 6 month CD rate 0.85%

  • 12 month CD rate 1.00%

  • 24 month CD rate 1.25%

  • 36 month CD rate 1.50%

  • 60 month CD rate 2.00%


As with any credit union you have to join Platinum Federal Credit Union to open a CD account. You also have to be eligible to open an account. You can find out eligibility requirements at platinumfcu.org.

If you're unable to join this credit union you still can get some of the best CD rates at national banks. For example right now Ally Bank is offering 12 month CD rates at 1.03%. Other banks offering 1 year bank CD rates above 1.00% include CIT Bank at 1.08% and MetLife Bank at 1.05%.
Author: James Martin
April 24th, 2012