“Open charter” membership – available to anyone. Montauk Credit Union has some attractive CD rates available, including an 18-month term CD with a 2.50% APY rate. They are also offering some other competitive rates, including:
- 2.25% APY CD rate for 12 month term
- 2.50% APY CD rate for 18 month term
- 2.75% APY CD rate for 24 month term
- 3.00% APY CD rate for 36 month term
- 3.50% APY CD rate for 48 month term
- 3.75% APY CD rate for 60 month term
- 4.25% APY CD rate for 84 month term
Here are some other important details to consider when opening a CD with Montauk CU:
- Anyone can become a charter member
- Rates are subject to change without notice
Montauk CU has a fair financial safety rating according to BauerFinancial. Learn more about the history of Montauk CU today.
This rate may no longer be applicable. For updated rate information, see below.
Current Montauk Credit Union CD Rates
Other Montauk Credit Union Rates
Other Terms and Conditions may apply to this offer – please contact the financial institution to review.
Do NOT open a C.D. here even if they have good rates.
I opened a C.D. here in Feb of 2008 — my first C.D I’ve ever opened. I received a letter in the mail that my C.D. was up for review and that I needed to either roll it over or redeem it. There was no deadline for this action.
I spoke with someone over the phone who told me how I could redeem, but again no deadline. I sent in the form about a month later.
She then calls to tell me the “told me over the phone that there was a deadline” — an outright lie and that I will have to pay the penalty of $21, about 1/t6 of my entire yearly gains. When i called to complain, this woman then hung up the phone on me.
I spoke with the manager, who at least had decent manners, but still they won’t give me my money back. I feel pretty taken advantage of and would not recommend putting any of your funds here.