First Trade Union Bank Offering 3% APY 36-Month CD

First Trade Union Bank is offering a 3% APY 36-month CD. As rates continue to fall, anything at 3% or above is starting to look good.

First Trade Union is based in Boston and has been competitive on the rate tables for the past six months.

The only downside to First Union is the mail-in application. Still, as others have pointed out, the process is as good as can be expected from a paper application process. Neil writes on the First Trade Union page:

"The process to open an account at FTUB is as easy as can be expected with a mail-in application. Overall, my opening of a new account went as fast (or faster) at FTUB as with accts that can accept an immediate ACH transfer for funding. The requirement for mailing in your application and funding check should not be considered a total negative. My experience with "immediate" ACH funding is that it's not really "immediate". Don't ever expect to be able to transfer $ from an existing account into a newly-opened account (at FTUB or anywhere else) in a day or two. Not gonna happen. The set-up of this account went faster than setting up at some other banks that did not require postal application."

First Trade Bank has received 5 out of 5 stars (Excellent) from Bauer Financial for its safety and soundness.

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