Limited Time CD Rates at Volecity Credit Union 5 Year APY at 2.83%
Velocity Credit Union (VCU) of Austin, Texas, is offering three special limited time CD rates (share rates) that are some of the best CD rates available right now until November 30, 2011.
The special CD rates include a 2 year CD rate at 1.50% with a CD yield of 1.51%. You'll have a hard time finding 2 year CD rates at banks or credit unions higher than that rate. To give you an idea of how much better that rate is than the average rates the FDIC's current national average rate on 2 year CDs is at 0.55%.
Moving onto 3 year CD rates at VCU which are currently at 2.10% with a CD yield of 2.12%. Again, that rate is probably one of the highest CD rates on any 3 year certificate of deposit right now. The FDIC's national average 3 year CD rate is at 0.76%.
5 year CD rates at VCU are currently at 2.80% with a CD yield of 2.83%. Most bank CD rates or credit union CD rates on 5 year CDs are in the low 2.00% range or even below 2.00%.
We first reported on Velocity Credit Union CD rates back in August of 2011 and back then 5 year CD rates were only at 2.59% so higher CD rates months later is a good deal when most CD rates are going lower week by week.
VCU's "Fall into a Great Rate" promotion only lasts until the end of November so you'll have to move quickly if you want to take advantage of these rates. Read more here: VCU CD Rates.
RatesORama.com Average Mortgage Rates