Which credit unions pay the highest interest rate?

Top Credit Unions Offering the Highest Interest Rates

Credit unions are popular financial institutions that offer a range of financial services to their members, including certificates of deposit (CDs). CDs are a type of savings account that offers a fixed interest rate for a set period of time.

If you’re looking for a competitive interest rate on your CD, you’ll want to compare rates from different credit unions. Here are some of the top credit unions that currently offer some of the highest interest rates on CDs:

1. Nuvision Credit Union: 5.50% for an 8-month CD
2. Abound Credit Union: 4.75% for an 8-month CD
3. Genisys Credit Union: 4.73% for a 7-month CD
4. MutualOne Bank: 4.70% for a 3-month CD

It’s important to note that interest rates can change frequently, so it’s always a good idea to compare rates from multiple credit unions before making a decision. You can also find more information about CD rates on the National Credit Union Administration (NCUA) website.

Here are some additional factors to consider when choosing a credit union CD:

• Minimum deposit: The minimum deposit required to open a CD can vary from credit union to credit union.
• Early withdrawal penalty: If you withdraw your money from a CD before the maturity date, you may have to pay an early withdrawal penalty.
• Fees: Some credit unions charge fees for CD accounts, such as monthly maintenance fees or withdrawal fees.

By comparing rates and considering these other factors, you can find the best credit union CD for your needs.