Weekly Rate Spotlight - North Country FCU Offering 2.80% APY 60-Month CD - Northern Vermont

Rate information contained on this page may have changed. Please find latest cd rates.

North Country Federal Credit Union is offering a very competitive 60-month CD that pays 2.80% APY. That's the top rate in Vermont and one of the best rates in the country.

North Country Federal Credit Union is offering a very competitive 60-month CD that pays 2.80% APY. That's the top rate in Vermont and one of the best rates in the country. In checking through the database, there were almost zero CD rates above 3.00% APY. The minimum balance to open the CD and receive this rate is $500.

Membership to North Country FCU is open to anyone who lives, works, studies or worships in northern Vermont (Addison, Caledonia, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans and Washington Counties). The disadvanatage of most credit unions is this restricted field of membership. Unlike many banks, credit unions generally exist to serve specific communities, organizations, or groups of individuals. If you do not belong to one of these groups, then you are unable to join. Luckly, there are over 7,000 credit unions across the country and it's a good bet that there is one that is close, has good rates, and has membership criteria to which you belong.

Find a local credit union near you

North Country FCU is headquartered in South Burlington, VT and has five branches scattered across the northern part of the state. Financially, it has a Texas Ratio of 14.44% versus the national credit union average of 10.34% (lower is better with Texas Ratio). Although its Texas Ratio is a bit higher than the national average, most experts agree that a bank is not in trouble unless its ratio is close to or above 100%. Banks that are closed by the FDIC generally have Texas Ratios above 200%. In another analysis I performed, I found that banks (and most likely credit unions) that offer higher rates are generally more stable than their low rate peers.

5 Month CD Rate Above 3% APY

I also wanted to mention a special deal I found on a 11 month CD. South Central Bank in Chicago, IL is offering a 5-month CD that pays 3.05% APY. That's one of the highest CD rates in the nation. The catch? You must invest $5,000 - no more and no less; you must be a new member to the bank; you must live near one of South Central Bank's five Chicago branches. Still if you live close to a South Central branch, then it might be worth it to deposit $5,000. If you have a family of five, then each person could deposit $5,000 into the bank and receive the rate.

If you don't live in Northern Vermont or Chicago don't despair. In our database, I found 16 banks offering a 60 month CD for over 2.75% APY.

Previous Weekly Rate Spotlights

Check back next Monday for a new bank deal. Email any deals you know about to ratedeal (at) bestcashcow.com. Feel free to also share them below. If you're a bank and have a great deal not listed on BestCashCow, register for access and add the deal to the site.

Email Rate Updates for BestCashCow Readers

Users can now register to receive the best bank rates via email every Monday. You can choose to either receive the best rates for banks across the country, or you can receive the best rates for your state. You can cancel delivery at any time and also login to change which product rates you receive for which state. This email service is free. You can register for the service here.

Sol Nasisi
Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee

Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
First Foundation Bank 1-Year 4.60% APY with $2,500 minimum
Canadian Imperial Bank USA 1-Year 4.56% APY with $25,000 minimum
TotalDirect, a division of City National Bank of Florida 1-Year 4.50% APY with $25,000 minimum
Navy Federal Credit Union 3-Year 4.05% APY with $100,000 minimum
Sallie Mae Bank 3-Year 4.00% APY with $2,500 minimum
Colorado Federal Savings Bank 3-Year 3.95% APY with $5,000 minimum
Synchrony Bank 5-Year 4.00% APY with no minimum
M.Y. Safra Bank 5-Year 3.90% APY with $500 minimum
Sallie Mae Bank 5-Year 3.85% APY with $2,500 minimum

See More Online CD Rates →

Add your Comment

or use your BestCashCow account

or