SCARBOROUGH, Maine–A new one-year certificate now available from Town & Country FCU here has been ranked as the highest yielding in the country on CDs of the same term.
According to DepositAccounts.com, Town & Country’s one-year CD paying 3.04% APY is the highest return available among the 287 financial institutions surveyed.
“We work hard to offer rates that are not only competitive but stand out, both on the lending and savings side,” said David Libby, president and CEO of T&CFCU. “The new rate ties in nicely with our Million Dollar Challenge initiative, which we launched in April, and is an effort to help save our members collectively an additional $1 million dollars through better rates on savings, fewer and lower fees, and better rates on a wide variety of loans. Our goal is to provide a way for members to build savings through our savings products including our CDs. It’s quite a distinction to have our 12-month Share Certificate special rate ranked first in the country, and reinforces our focus on providing value to our members.”
The 12-month share certificate requires a $500 minimum to open. The $390-million Town & Country FCU has more than 39,000 members.