Keesler Federal Credit Union has a great offer for a 7-Month CD. You can earn a 5% APY and there’s no maximum balance restrictions. A great offer, but there’s a catch. It is limited to only a few counties in MS and LA.
Keesler Federal Credit Union 5% APY
Open a 7-Month CD with at least $1,000 and receive 5% APY.
| Type | Min Bal Req | Rate 2 | APY 3 |
|---|---|---|---|
| 3 Month | $1000 | 0.50% | 0.50% |
| 6 Month | $1000 | 0.55% | 0.55% |
| 7 Month Special | $1000 | 4.95% | 5.00% |
| 9 Month | $1000 | 0.60% | 0.60% |
| 1 Year | $1000 | 1.00% | 1.00% |
| 1 Year FirstStep | $25 | 1.00% | 1.00% |
| 15 Month | $1000 | 1.05% | 1.05% |
| 18 Month | $1000 | 1.15% | 1.15% |
| 19 Month | $1000 | 1.05% | 1.05% |
| 19 Month Special(opens in a new window) | $1000 | 2.00% | 2.00% |
| 2 Year | $1000 | 1.29% | 1.30% |
| 3 Year | $1000 | 1.49% | 1.50% |
| 3 Year Bump Rate | $1000 | 1.44% | 1.45% |
| 4 Year | $1000 | 1.74% | 1.75% |
| 5 Year | $1000 | 1.99% | 2.00% |
Offer Terms
- Minimum $1,000 deposit required; must be opened with 50% new funds not on deposit with Keesler Federal.
- Offer valid for Consumer, Business, and IRA Certificates only.
- Certificate will automatically renew at the current 6-month Certificate rate unless you indicate otherwise.
Eligibility
The offer is limited to those who
- Live, work, worship or attend school in Forrest, Pearl River, Harrison or Hancock Counties or select census tracts in Jackson or Hinds County Mississippi.
- Live, work, worship or attend school in select census tracts in St. Tammany or Orleans Parish Louisiana.
You also need to become a Keesler Federal Credit Union member
Fees
Early withdrawals are subject to penalty.
Guru’s Wrap-Up
A great offer but you need to live in the limited area listed above and become a member. If you qualify then you could earn a rate of 5% for 7 months, which is much higher than any other bank out there with no limits. Just make sure that you move your money once the 7 months are up since you will just get the regular rate after that. And I doubt it will be anywhere near 5%.
HT: DoC
