Credit Unions were first chartered in the United States with the primary motive of pooling in member’s resources for common benefit. On seeing its success it proved to be a great idea. Today credit unions are recognized as Financial Institutions by the government. One of the greatest credit unions named First Community Credit Union was formed in 1954. By providing the world class financial services currently it serves over 74,800 members it has $520 million in its assets. It is offering high interest rates on Certificate of Deposit (CD).

Regular, IRA, SEP & Coverdell CDs has a minimum opening balance of $1000. The interest rate* and APY is as explained below:

– An amount of less than $100,000.00 deposited for a period of 3 months has an interest rate* of 4.832% with an APY of 4.95%. Jumbo CDs have an interest rate* of 4.927% and APY of 5.05%.

– An amount of less than $100,000.00 deposited for a period of 6 months has an interest rate* of 4.784% with an APY of 4.90%. Jumbo CDs have an interest rate* of 4.879% and APY of 5.00%.

– An amount of less than $100,000.00 deposited for a period of 1 year has an interest rate* of 4.641% with an APY of 4.75%. Jumbo CDs have an interest rate* of 4.736% and APY of 4.85%.

– An amount of less than $100,000.00 deposited for a period of 2 years has an interest rate* of 4.450% with an APY of 4.55%. Jumbo CDs have an interest rate* of 4.545% and APY of 4.65%.

– An amount of less than $100,000.00 deposited for a period of 3 years has an interest rate* of 4.450% with an APY of 4.55%. Jumbo CDs have an interest rate* of 4.545% and APY of 4.65%.

– An amount of less than $100,000.00 deposited for a period of 4 years has an interest rate* of 4.450% with an APY of 4.55%. Jumbo CDs have an interest rate* of 4.545% and APY of 4.65%.

– An amount of less than $100,000.00 deposited for a period of 5 years has an interest rate* of 4.450% with an APY of 4.55%. Jumbo CDs have an interest rate* of 4.545% and APY of 4.65%.

First Community Credit Union also offers Flex-Rate CDs. It has a validity of 2 year or 4 years. Incase a better rate comes along during the term, then it gives you the flexibility for one bump in rate incase of 2 year CDs and 2 bumps incase of 4 year CDs. Its opening balance is of $1000. The interest rate* and APY of Flex-rate CDs are explained below:

– An amount of less than $100,000.00 deposited for a period of 5 years has an interest rate* of 4.450% with an APY of 4.55%. Jumbo CDs have an interest rate* of 4.545% and APY of 4.65%.

– An amount of less than $100,000.00 deposited for a period of 5 years has an interest rate* of 4.354% with an APY of 4.45%. Jumbo CDs have an interest rate* of 4.450% and APY of 4.55%.

First Community Credit Union is offering CD Builder Accounts having a minimum opening balance of $500 for a 2 year term. If you want you can start accumulating money after making a minimum deposit of $100 and begin making regular deposits reach up till $500 and get your CD Builder Account started. Maximum initial deposit is of $1000. CD Builder Account will automatically be transferred into the savings account at maturity. Your savings are Federally Insured by the NCUA.

*Rates as effective on: 11/08/07.

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