Navy Federal Credit Union (FCU) is offering certificates of deposit with terms between 1 year and 7 years. The certificate of deposit rates are some advertising some of the best CD rates available from a credit union or a bank. The CD rates and CD yields are tiered. The highest CD rate is 3.92% for a 7 year certificate with an minimum opening balance of $20,000.

As with all credit unions you’ll have to join Navy Federal to open a certificate of deposit. For more information on credit union’s membership requirements visit: Navy Federal FCU membership info.

Navy Federal FCU has been around since 1933 and has over 3 million members.

Navy Federal CD Rates for Share, IRA and ESA Certificates:

Minimum deposit $1,000

• 1 Year CD 1.34% Rate 1.35% APY
• 2 Year CD 1.78% Rate 1.80% APY
• 3 Year CD 2.18% Rate 2.20% APY
• 4 Year CD 2.47% Rate 2.50% APY
• 5 Year CD 2.81% Rate 2.85% APY
• 7 Year CD 3.78% Rate 3.85% APY

Minimum deposit $20,000

• 1 Year CD 1.49% Rate 1.50% APY
• 2 Year CD 1.93% Rate 1.95% APY
• 3 Year CD 2.32% Rate 2.35% APY
• 4 Year CD 2.62% Rate 2.65% APY
• 5 Year CD  2.96% Rate 3.00% APY
• 7 Year CD 3.92% Rate 4.00% APY

Jumbo CD rates – Minimum deposit $100,000

• 6 To 11 Months CD 1.29% rate 1.30% APY
• 12 To 23 Months CD 1.64% rate 1.65% APY
• 24 To 35 Months CD 2.23% rate 2.25% APY
• 36 To 59 Months CD 2.47% rate 2.50% APY
• 60 To 84 Months CD 3.10% rate 3.15% APY

Certificates of deposit are insured by the National Credit Union Administration for up to $250,000. For more information and current CD Rates visit: Navy FCU.

Branches are located around the US and the world.

Melrose Credit Union continues to offer their highest CD rates for their midterm to long-term certificates of deposit. The current interest rates as of February 8 are the following:

• 1 year 1.81% APY
• 2 years 2.07% APY
• 3 years 2.57% APY
• 4 years 2.83% APY
• 5 years 3.39% APY

The minimum deposit for regular Melrose Credit Union CDs is $5000.

The credit union also offers IRA Certificates with the following interest rates:

• 1 year 2.07% APY
• 2 years 2.32% APY
• 3 years 2.83% APY
• 4 years 3.09% APY
• 5 years 3.65% APY

The minimum deposit for IRA CDs is $4,000.

All share certificates may incur early withdrawal penalties. New CDs and renewed certificates compound their dividends on a quarterly basis.

The certificate of deposit rates are in effect as soon as the credit union receives your initial funding. You can apply for these CDs online.

Melrose Credit Union practically accepts everyone who wants to join because it has an open charter. Be forewarned, however – the credit union did a hard credit pull when he opened an account.

Melrose Credit Union has excellent ratings from BauerFinancial and bankrate.com. Both issued 5 stars for performance, soundness, and safety based on their June 2009 data.

Digital Credit Union is offering a special 14-month certificate of deposit with a 2.00% APY. Minimum deposit on this CD is $500, and IRA CDs are also available. The CD is available as of 2/9/2010. It’s also available in an IRA.

Digital Credit Union Membership Information

Anyone can join DCU via membership in an association. The least expensive membership available is $10 for joining Reach Out for Schools. You can be immediately eligible to join DCU if you live, work, worship or attend school in parts of Georgia and Massachusetts.

In the instructions for joining DCU there are links to an online membership application and a PDF application. The online application is a bit more tedious than some other online bank apps:

In order to continue processing your application, please mail a $5 check or money order payable to DCU to fund your membership.

If you have joined through a sponsoring organization, then please make sure to also include funds to cover that organization’s membership fee.

Also, please mail a copy of your driver’s license or passport. If sending a passport, or if your license does not show your current address, please also send either a utility bill in your name (electric, gas, home telephone) or a copy of your apartment lease agreement. If you have listed a Joint Owner on your application, that person must also send the required ID and address proof.

Please note, we do not accept cell phone bills, bank statements, credit card statements or pay statements as address verification.

Branches are located throughout Massachusetts, in Hudson, Merrimack and Nashua in New Hampshire, in Colorado Springs, Colorado and in Alpharetta, Georgia.

Agriculture Federal Credit Union has a special no penalty IRA CD available. The certificate of deposit has a 60 month term with 3.00% APY. Although this is a bit low for a 5 year term, it’s a no penalty CD meaning you can withdraw your money at any time so if you find a better deal you can go ahead and take it. This CD special is still available as of 1/19/2010.

You can withdraw the entire amount and all interest will be included with the withdrawal up to the date that the withdrawal was made. You can request this by phone, email, or mail.

AFCU’s field of membership includes members of CityDance Ensemble. CityDance has open membership to anyone that pays membership dues of $20.00. This membership can be done at the same time that you apply for credit union membership. They have an online membership application in which you can join CityDance for $20 and join the credit union for a $5 initial deposit to the Primary Share account. You do not have to renew your CityDance membership to maintain membership at the credit union.

The field of membership also includes those who live, work or worship in Washington DC plus other group affiliations.

Branches are located in Washington DC, Riverdale, Maryland, and Alexandria, Virginia. AFCU is also part of National Shared Branching network in which you can use local credit unions to access your account and conduct many transactions.

First Entertainment Credit Union is offering another CD promotion with two competitive rates: 2.09% APY for 18 months and 3.00% APY for 3 years. The 3% also applies to 4- and 5-year CDs which are not quite as competitive.

First Entertainment Credit Union also has a savings account called First500 Savings in which you can earn 7% APY on your first $500. To qualify for this yield, you’re required to have a checking account with eStatements and either Online Billpayer or Direct Deposit. The low cap does hurt this deal. You only can make about $25/year more than what you would make in a 2% savings account. It’s probably not worth it to join the credit union for this, but it’s an extra bonus if you join for the CD.

The credit union has an online CD application which allows you to select how the funds should be treated at maturity, how interest is to be paid and which First Entertainment account is to be used for funding. It also allows you to add up to two POD beneficiaries.

Membership is open to most individuals who work, live, attend school or worship in the Greater Los Angeles Area. You can also be eligible via select employee groups and via family members (and not just immediate family). Membership requires a one-time fee of $5 and a minimum deposit of $5 into the First500 Savings Account.

Branches are located in the California cities of Hollywood, Burbank, Culver City, Los Angeles, Studio City, Santa Monica and Valencia. First Entertainment Credit Union is NCUA insured.

Money One Federal Credit Union currently has a “Holding on to 29″ CD promotion. It’s a 29-month CD with a 2.90% APY. Minimum deposit is $29,000, and new money is required. New members must live within a 29 mile radius of the credit union and qualify for membership.

In the past, this credit union has allowed anyone to join and open CDs and savings accounts with them. With this new 29-mile radius restriction, it looks like the credit union wants to keep their deals local.

According to the credit union’s Membership page, anyone can be eligible for membership by a one-time membership donation to Gifts for Easter Seals. There’s also a long list of Select Employee Groups. Membership requires a minimum deposit of $5 into your share savings account.

The credit union’s main office is located in Largo, Maryland. There’s also an office with limited access in College Park.

Plus4 Credit Union is currently offering a reward checking account with 4.01% APY on balances up to $25,000 and 1.01% on the portion over $25,000. You can also get ATM fee refunds up to $25 per month.

In order to qualify for the rewards checking rate, the following requirements must be met:

• 10 signature based debit card purchases
• 1 direct deposit or ACH debit/credit
• Access online banking
• Sign up to receive e-Statements

Note, the above details (except for the rates) are not listed at the credit union’s website as of 8/16/09. If qualifications are not met the rate drops to 1.01%.

Membership is open to those who live, work, attend school or worship in parts of Houston. Plus4 used to be a postal employee credit union, so postal employees and retirees of several Southeast Texas counties are eligible to join. Branches are located in Houston, TX.

Membership requires a minimum balance of $5 in a share account. Applications can be done by mail, in person or online.

Fort Knox Federal Credit Union currently has 3 competitive special CDs:

• 2.50% APY 7 month CD
• 2.60% APY 11 month CD
• 2.75% APY 17 month CD

In addition, they also offer Jumbo CDs that add .15% to special CDs and .25% to regular certificates. Many of their regular CD rates are competitive as well.

Membership to Fort Knox Credit Union is open to people who live work or worship in any of the following Kentucky counties: Boyle, Breckinridge, Grayson, Hart, Larue, Meade, Nelson and Taylor. There’s also a large list of select employer groups. Relatives of any person who can be a member may also join. There’s a $10 membership fee, and a minimum $5 deposit into a share savings account is required.

Fort Knox branches are located in several cities in Kentucky including Fort Knox, Radcliff, Elizabethtown and Campbellsville.

These CD rates are only available locally.

Crane Federal Credit Union, located in Indiana, has several competitive certificate of deposit rates.

Some of their current CD rates include a 25 month special CD with 2.78% APY. Their long term rates include a 3.04% 36 month CD and a 3.25% APY 48 month CD.

Minimum deposit on CDs is $500. Both regular and IRA certificates are available.

Membership is open to members of various associations, including ProVision, which anyone can join with a $5 membership fee. You can also join the credit union via select employer groups.

Crane Federal credit union allows you to open accounts by mail. They will send you an application if you request it. Once you become a member of the credit union you can open CDs online.

Branches of Crane are located in Crane, Washington, Bloomington, Loogootee, Terre Haute, Odon, Linton, Bedford, and Plainsfield.

East Boston Savings Bank has a promotional 2.55% APY 14 month certificate of deposit. It’s only available locally and you must apply in branch.

Minimum deposit is $2500 and you must be a new customer to East Boston Savings Bank. This rate is not on their website and was reported to me by a reader; the reader says that its scheduled to end on 7/23, so if you’re interested, I would jump on the CD rate right away.

In addition to this CD account, EBSB also offers a nationwide online savings account called EBSBdirect. The current rate on this account is 1.75% for balances over $50k.

East Boston Savings Bank is FDIC insured.

SchoolsFirst FCU has a special 3-year share CD yielding  3.00% APY. Here are some of the features:

• Low minimum opening balance of $500
• Maximum share balance of $75,000
• Also available as IRA Certificate
• Can be opened online

Field of membership is mainly based on your employer. Eligible employers include most schools in Southern California. There is a $15 one-time membership fee for signing up. They will waive this fee for family members of members who join in July and August. A minimum $5 deposit in your share savings account is required for membership.

Branches of Schools First FCU are located throughout Southern California including the cities of Anaheim, Irvine, Cerritos, Fullerton, Cypress, San Bernardino and Santa Ana. Schools First Federal Credit Union is NCUA insured.

Southeast Financial Federal Credit Union has competitive rates on many of it’s CDs and IRA CDs. Some of the best rates include:

• 3 month CD – 2.00%
• 6 month CD – 2.25%
• 1 year CD – 2.25%
• 18 month CD – 2.75%
• 2 year CD – 2.75%

Minimum deposit on these CDs is $500. The same rates apply to IRA CDs.

Branches are located in the Tennessee cities of Athens, Nashville, Brentwood, Franklin, Cordova, Goodlettsville, Jackson, Knoxville, Chattanooga and Memphis, in the Kentucky city of Bowling Green, and in the Mississippi city of Corinth.

Metro Phoenix Bank is offering some competitive rates on their CD and IRAs.

Their best rates include:

• 12 month CD – 2.52%
• 2 year CD – 2.78%

Minimum deposits are $5,000 for a regular certificate an $2,000 for an IRA certificate. Their money market account also has some fairly competitive balances:

• Up to 24,999 – 1.26%
• 25,000 – 99,999 – 1.76%
• 100,000 – 999,999 – 2.53%
• 1,000,000+ – 3.04%

Rates are current as of 7/6/2009. A branch visit is required to open the account. Branches are located in Phoenix, Arizona.

Members First Credit Union currently has a rewards checking account with 4.01% APY on balances up to $25000. Balances over 25,000 will earn 1.01% APY. To qualify for this rate, you need to complete the following every month:

• 12 debit card purchases
• One direct deposit or ACH auto debit
• Receive e-statements

Additional features of the account include:

• Refunds ATM fees up to $25 per cycle
• Free Online Bill Pay
• Free in-network ATM use
• No minimum balance requirement
• No monthly service charge

Membership is open to anyone who lives or works within 25 mile radius of a Members First branch.

Branches are located in Manchester and Franklin, New Hampshire. The credit union is federally insured by the NCUA.

Greylock Federal Credit Union currently has some high share certificate of deposits. These include a 2.25% APY 7 month CD, 2.50% 10 month CD, and 2.75% 24 month CD.

Minimum deposits on CDs is $1,000. Greylock also offers Jumbo and IRA CDs, with rates that are 10 points higher

Membership is open to anyone who lives or works in Berkshire County, Massachusetts. Membership requires a minimum balance of $5 in the share savings account.

Greylock FCU Branches are located in the cities of Pittsfield, Adams, North Adams, Lee, Great Barrington and Williamstown. The credit union is insured by the NCUA.