WEST JORDAN, Utah—Mountain America CU is offering a five-year CD paying 2.3% APY.
Several analysts recently spoke with CUToday.info about pricing strategies for what is expected to be a rising rate environment soon, with a number recommending locking in members’ money today with longer-term, higher paying certificates.
"One of the many ways we go above and beyond for our members is to offer competitive rates. Right now we're pleased to offer a 2.3% APY on our five-year CD, which is one of the highest rates in the country," said Chad Curtis, chief financial officer for Mountain America. "Member service takes many forms here at Mountain America, and we're pleased to offer this high rate as part of our suite of services and products."
The $4.6-billion Mountain America’s CD has a "bump" feature, allowing accountholders a one-time option to increase their rate if a better one becomes available.