Piggy Bank relaxing on the beach with sunglasses on

Lock in a great rate until 2025

For a limited time, earn 5.50% APY* on a 23-month CD. It’s our best rate in years—and you can get it with a $5 minimum deposit.

Experts agree: It’s time to lock in a great long-term rate on a CD

While many analysts expect the Federal Reserve could still raise rates slightly before the end of 2023, it’s a good idea to start looking at longer CD terms to lock in a great rate for the future. 

Forbes Advisor

“Many experts agree that there’s a good chance that CD rates will top out this year and moderate as 2024 approaches. If a recession happens in late 2023, the Federal Reserve will likely start cutting interest rates, which will drive CD rates down.”

 

Bankrate.com

“The Fed isn’t done raising rates yet, so there is more room to run on savings accounts, money markets, and short-term CDs, while long-term CD yields will peak early in 2023.” 

 

Greg McBride, CFA, Bankrate Chief Financial Analyst 

Kiplinger’s

“Following [the July 2023] rate hike, yields on savings accounts could go slightly higher, so make sure to lock in rates while they're still high. As inflation starts to cool, rates on savings accounts could begin to level off.”

Investopedia

“With rates already at record highs, it's hard to go wrong with opening a top-paying CD right now. Sure, rates could inch up a bit over the coming months. But the increase is likely to be minor relative to how high CD rates have already climbed to-date.”

Open a 23-month Certificate of Deposit

APY = “Annual Percentage Yield.” APY is accurate as of September 11, 2023. The APY on the 23-month CD is a promotional rate, which may change at any time. 23-month certificates will automatically renew into a 24-month term at maturity. $5 minimum to open account. $5 Membership Share Account required. Penalty may be imposed for early withdrawal. Federally insured by NCUA.

Why you should open a CD with Vibrant

Vibrant Credit Union Branch | Vibrant Credit Union

Credit unions like Vibrant are able to offer higher CD rates than most traditional banks because they’re member-owned and committed to their members rather than Wall Street.  

Unlike many other credit unions that reserve their best rates for their biggest depositors, with Vibrant, you can start earning 5.50% APY with as little as $5.   

Want to maximize your earnings? Talk to us about how we can help you expand your NCUA deposit insurance limits beyond $250,000.