July 26th, 2007
Update 04/18/12: As with many rates being offered back in 2007, this too has fallen substantially. They do allow for a lower minimum if you add a checking account and give a slight premium on the rate for IRAs. However, the 18-month rate is 0.75% and the 5-year CD is 1.45%
Earthmover Credit Union has a 10%, 10-month CD rate. The minimum is $500, but the maximum is only $1,000.
They are NOT federally insured by the NCUA, they carry private insurance through American Share Insurance.
The funds have to be new money and it may be available to new members only.
Their website indicates membership is open to:
- If you live or work in Kendall, Southern Kane, or DuPage county in Illinois
- If an immediate family member is a member of Earthmover Credit Union
- If you work for one of our Select Employer Groups
-- By +Chris Duncan