Best 12 Months and 36 Months CD Rates From Melrose Credit Union

Melrose Credit Union has a different approach in accepting Certificate of Deposits. It accepts Certificates of deposits from any US citizen who stays anywhere or works anywhere. Currently it is the leading provider of CD with high interest rates as on July 2010. It is because some of the banks like "Incredible Bank" does not receive any Certificate of Deposits now. The other top banks like "First City Bank has slashed the CD rates for 12 months CD and 36 months CD, which makes Melrose Credit Union the best provider for 12 month CD and 36 month. You have to check the latest CD rates offered, from the related websites.

For receiving the membership benefits, you have to pay a one time membership fee and also you have to deposit a minimum opening deposit in the savings account. You can get the exact membership fee and the minimum opening deposit details from the related websites or by visiting the bank. It is also offering best rates for a 24 month and 60 months certificate of deposit.

Currently Melrose credit union is offering the best interest for most of the certificates of deposits. Most of the banks cuts the rates, after a week or two when the schemes were launched with the best interest rates. So you have to check the latest rates frequently by visiting the related websites.

How to Apply?

You can either apply online or apply by visiting the bank directly.

How to check the latest rates and other fees?

You can check the latest CD rates online from the related websites.

Click here to get the latest --->> best CD rates from melrose credit union. The best cd rates offered by the other banks are also available at http://www.bestsavingsaccountrates.net/category/cd-accounts. You can choose the best rate accordingly.
Balajee Kannan

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Credit Union CD Rates

For people who want to invest in a certificate of deposit (CD), there are two ways by which they can do so, which is to go to a bank or a credit union. Between the two, sources of certificates of deposit, the bank has been traditionally the preferred option, as they are perceived to be more stable financial institutions. However, in recent years, people who are looking to invest in CD?s are giving credit unions a second look due to a number of reasons, which have made investing in CD?s through credit unions seem a better option. Given this, it can be expected that more and more people may opt to invest in CD?s through a credit union in the near future.

Some reasons why credit unions are better

One of the biggest reasons why some people prefer investing in CD's through a credit union is that usually, credit unions offer higher interest rates on the CD's they offer as compared to the CD's provided by banks. In most cases, the interest rates that credit unions offer is at least half a percent higher than the interest rates that banks provide. The reason why credit unions can provide higher interest rates is that because credit unions are cooperative institutions, which means that earnings are returned to members in the form of higher savings rates. In addition to this, given that credit unions are non-profit institutions, they do not have to worry about returning profits to external shareholders unlike banks who have to return profits to their shareholders, which means running and maintaining a credit union is cheaper.

Another reason why some people prefer credit unions is because they offer more affordable CD products because the minimum amount that they require are sometimes lower than what banks require from investors. In addition to this, credit unions also offer CD products that have very short maturity periods that still provide decent returns.

Traditionally, people who want to invest in CD's opt to go to banks because of the perception that banks are more stable institutions. However, people are now slowly realizing that credit unions can provide them with a better deal with CD products. This is because apart from the fact that credit unions provide higher interest rates, the fact that maintaining a credit union is cheaper, they can also provide the stability that banks offer.

CD Rates provides detailed information on Best CD Rates, CD Rate Calculators, CD Rate Comparisons, Certificate Of Deposit Maturation and more. CD Rates is affiliated with Cash For Future Payments.

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