The highest rates offered by Keesler Federal Credit Union are in Share Certificate accounts (which are the same as CD accounts at other banks). Minimum balance requirements are very modest, at $1000. The terms range from 3 months to 5 years, and are very competitive.
As at almost any other bank, the highest rates are offered on longer terms. In fact, the rate grows quite fast, starting from 1.5% at a 3-month term, moving to 2% at a 1-year term, and 2.5% at a 2-year term. Then the growth slows down, with the 3-year term yielding 2.85%, and 5-year term 3.5%.
If there’s a good chance you won’t need the money for a few years, you should go for the longest term. After all, the penalties only cost you the last 6 months of interest payments. Even after accounting for possible penalties, the 5-year 3.5% rate is going to beat the 3-month rate of 1.5%.
Top US Banks, CD Rates and Savings Account Rates
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
