River Community Credit Union Rates and Review
CD rates) available in Iowa. Regular share certificates are available in terms of 6 months, 11 months, 12 months, 19 months and 36 months.
The shorter term share certificates are the best deals right now. Current 6 month share certificate rates are at 1.00 percent with and APY of 1.00 percent. That 6 month rate is one of the best share rates around from any credit union and definitely one of the best CD rates around from any bank.
12 month share certificate interest rates are currently at 1.15 percent with an APY of 1.15 percent. This 12 month rate is also one of the highest CD ratesaround from any credit union or bank. Compare this to the FDIC's current national average 12 month CD rates at banks of 0.28 percent and you see how high is rate actually is these days.
Current 19 month rates are 1.50 percent. While most credit unions or banks don't offer 19 month rates when you compare this to the FDIC's national average 24 month rate of 0.46 percent you again see how high this rate is. In fact, this 19 month rate is better than most 5 year bank CD rates right now. The credit union's 36 month rates are slightly higher at 1.55 percent.
As with any credit union you have to join River Community Credit Union to open a share certificate account. You can contact the credit union to see if you're able to join.
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