Available nationwide, Melrose Credit Union is offering a rate of 2.42% APY on a 5-Year online CD with an initial deposit of $5,000. To get started with Melrose Credit Union, you must first be a member which requires a one time $1 fee and Valid Photo ID (Driver’s License, Non-Driver ID, Passport), Proof of Address (Utility Bill), and Social Security Number. Be sure to visit their Membership Eligibility page. Enjoy daily compounded interest and no monthly fees. Sign up now and start earning interest today!
Melrose Credit Union CD Summary:
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- Account Type: CD account
- APY Rate: 2.42%
- Availability: Nationwide
- CD Length: 5 Years
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: $5,000
- Additional Requirements: $1 Membership fee and must have Valid Photo ID (Driver’s License, Non-Driver ID, Passport), Proof of Address (Utility Bill), and Social Security Number.
- Early Withdrawal Fee: There is a fee if you withdraw before the maturity date.
- Auto-Renewal: Yes, the account will auto-renew when the account reaches maturity.
Melrose Credit Union CD Features:
- No monthly fees
- Minimum balance requirement of $5,000
- 2.42% APY: one of the highest rates available nationwide for a 5-Year term
- Daily compounded interest rate and credited monthly
- NCUA insured of up to $250,000
Conclusion:
In my opinion, this offer is a no-brainer: there are no hidden fees and just a low minimum balance requirement of just $5,000. You should definitely consider taking advantage of this Melrose Credit Union CD offer. You’ll be given 2.42% APY on a 5-Year online CD. Not only will you enjoy the competitive APY rate, but also no monthly fees or maintenance fees. Be sure you check out our complete list of the Best National CD Rates to satisfy all your banking needs!
