The 2.53 percent APY rate applies to rewards program members. If you're not a program member, the CD pays 2.43 percent APY.

The 2.53 percent APY rate applies to rewards program members. If you’re not a program member, the CD pays 2.43 percent APY.

Langley Federal Credit Union

If you’re going to lock up your funds in a certificate of deposit, you might as well get rewarded for it.

Langley Federal Credit Union is offering a 5-year CD that pays 2.43 percent APY. Savers willing to put away at least $1,000 can earn one of the highest CD yields available nationwide.

Just look at how it compares to other offers. Langley’s deal is eight basis points higher than the best 60-month CDs rates offered by Popular Direct and Synchrony Bank. A basis point is one-hundredth of a percentage point.

Rewards program members who have a loan or credit card from the credit union, receive electronic statements and have an active checking account can earn an extra 0.10 percent annually.

Top nationally available 60-month CD rates
Institution APY Minimum deposit
Popular Direct 2.35% $10,000
Synchrony Bank 2.35% $25,000
Barclays 2.30% $0
First Internet Bank of Indiana 2.30% $1,000
EverBank 2.30% $5,000

Its low minimum deposit makes Langley’s 5-year CD a great option for new savers. It should also appeal to others looking for long-term CDs that won’t require them to fork over thousands of dollars at once.

Before you buy the CD, calculate how much interest you could earn when it matures.

How to join

Langley Federal Credit Union is based in Newport News, Virginia. But anyone can join by becoming a member of one of seven organizations and paying a small fee.

For example, you can join the Virginia Association of Museums (and pay a $15 fee) or the Friends of the Carrollton Library (and pay a $5 fee).

Membership also is open to:

  • Members of more than 100 local organizations and associations.
  • Employees and contractors for various local companies, including certain 7-Eleven, Olive Garden and Panera Bread locations.
  • Roommates and immediate family members of existing credit union members or someone eligible for membership.
  • Students attending dozens of local schools.

You can apply for membership online or at a branch and open a CD at the same time. All new members must open a savings account and deposit at least $5.

How to buy Langley Federal Credit Union CDs

Langley CDs can be purchased online, over the phone or in a branch. You can only open CDs for minors within one of the credit union’s branches.

When you’re ready to fund your CD, you can mail a check, transfer money from your new Langley savings account (or an external bank account) or initiate a wire transfer.

Keep in mind that you’ll need to leave your funds in your account for the full five-year period. Otherwise, you’ll pay a penalty equal to 180 days’ dividends.

About Langley Federal Credit Union

Langley was founded in 1936 as the National Advisory Committee for Aeronautics (NACA) Laboratory Federal Credit Union. Today, the federally-chartered credit union has 18 branches and more than 240,000 members.

The credit union earned four out of five stars on Bankrate’s latest Safe & Sound Ratings, which measures the financial health of banks and credit unions throughout the United States.

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