Local Interest Rates

PCM Employees Credit Union is offering 7.50% APY on the first $500 on deposit in their eRewards Savings Account. Account balances over $500 will earn the standard saving rate, currently 1.50% APY. In order to qualify for this account you must do the following:

• Sign up for eBanking
• Sign up for free eStatements
• Sign up for Direct Deposit into your PCMCU Checking Account
• Apply for a PCMCU Debit Card

Field of membership in Wisconsin based PCM Employees Credit Union is extended to those who belong to any of a number of select employee groups.

E-Central Credit Union in California is celebrating its 65th anniversary with a special Anniversary Certificate. The special CD has a 4 month term and earns 6.50% annual percentage yield. The minimum deposit required to open the Anniversary Certificate is $1,000. The CD also has a maximum deposit of $2,500.

Funds must be new money to the credit union. To qualify for the high rate, an active checking account is required. Offer expires February 15, 2008.

FEDCom Credit Union of Michigan (MI) is offering a special 5.25% APY 11-month certificate of deposit. The minimum deposit is $500, and it requires money new to the credit union. Money in existing FEDCom accounts are eligible for a 5% APY CD.

Membership is open to anyone who lives, works, worships or attends post-high school in Kent, Ottawa, Muskegon, or Allegan County. Membership requires a minimum $5 deposit into the share savings account.

Branches are located in Grand Rapids, Michigan.

FedChoice Federal Credit Union is offering yields of up to 5.35% apy on their mini jumbo share certificates. Yields are below:

Term/Yield
12 Month – 5.10%
18 Month – 5.15%
24 Month – 5.15%
36 Month – 5.15%
48 Month – 5.15%
60 Month – 5.35%

The minimum deposit requirement for these certificates is $50,000.

Field of membership in FedChoice Federal Credit Union is extended to all federal civilian employees, annuitants and their families in the Washington, D.C., Baltimore, and Philadelphia Metropolitan areas.

Apple Federal Credit Union is offering 5.25% APY on a 14 month share certificate special. The minimum deposit requirement for this certificate is $500. This special must be funded with money new to the credit union.

Field of membership in Virginia based Apple Federal Credit Union includes a variety of select employer groups, alumni and faculty groups, as well as members of a number of national associations.

First Arkansas Bank & Trust (FABaT) has started a reward checking account called FirstNet Checking that pays 6.06% APY on all balances and refunds ATM fees if the following monthly requirements are met:

1.  10 point of sale debit card transactions
2. One monthly direct deposit or ACH auto debit or make one online bill payment
3. Receive e-statements
4. Sign in to your online banking account.

If these are not met, the rate falls to 0.05%. The minimum opening balance is $100. There are no minimum balance requirements or monthly fees.

The bank has set up a special website with more details on this account. Some important points from their FAQ include:

• No free checks
• All account holders receive the reward yield during the first statement cycle
• They will email you at the end of each statement cycle to notify you if you have qualified for the reward yield
• All ATM refunds will be automatically credited at the end of the statement cycle if all requirements have been met
• No limits on ATM refunds
• ATM fees assessed anywhere in the world are refunded
• DBAs (sole-proprietorship accounts), non-profit organizations, governmental units and funds held by a fiduciary may use this account

Haverhill Bank has a reward checking account that pays 6.01% APY on balances up to $100,000 (1.01% for over) and refunds ATM fees if the following monthly requirements are met:

• 10 debit card transactions
• One direct deposit or ACH auto debit
• Access online banking
• Receive electronic statements.

If these are not met, the rate falls to 0.15%.
As is common for reward checking accounts in Massachusetts, this one has a high cap of $100K in which you can earn the high yield. The average cap is $25K.

Branches are located in the MA cities of Haverhill and Bradford. The bank is FDIC insured.

Bridgeview Bank of Illinois (IL) is offering a special 7.77% APY 7-month CD. The minimum is $2,500, and the maximum is $7,777.77 per household. It’s only for new customers, and a qualified checking account is required with direct deposit. Direct deposit must be established within 45 days or CD will be penalized by reducing the APY to 3.50%.

Qualifying checking accounts include Preferred, Premimum or Prime Checking. The Prime Checking is the best deal, but it’s only available to those over 50. The next best one is the Preferred Checking which only has a $500 minimum to avoid a monthly fee. The checking account must remain open for 6 months to avoid a $25 closing fee.

Branches are located in Chicago and several other cities in northeastern Illinois.

Heritage Family Credit Union of Vermont is offering a 5.25% APY 9-month certificate. The minimum deposit is $1,000.

Field of membership includes those who live, work or worship in any of the following Vermont communities: Rutland, Addison, Bennington, Windsor or Windham counties. People who live, work or worship in Hooksett, New Hampshire are also eligible to become members. Membership requires a minimum $25 deposit into the Prime Share savings account.

Branches are located in Rutland, Fair Haven, Bennington and South Londonderry, VT and in Hooksett, NH

Elevations Credit Union of Coloradoontinues to offer a 9% APY 9-month certificate. The minimum deposit is $1,000 and the maximum is $2,000 per member. A checking account is required. A free checking account is allowed for new members. Current members must open a dividend bearing checking account.

Credit union membership is open to all students, faculty, staff and alumni association members of the University of Colorado system. Anyone seems eligible to join the Alumni Association of the University of Colorado at Boulder. Membership is $45. Residents of Boulder County who are 50 years of age and older may join the credit union by becoming a member of the 50 and Better Club. There’s also a long list of Select Employer Groups. Be sure to check with the credit union to ensure that membership and not employment in an organization qualifies for credit union membership. Credit union membership requires a $25 minimum deposit into a savings account.

Branches are located in Boulder, Longmont and Lafayette, Colorado.