[Please note: This page is part of the New Jersey CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]

3-year, 1.96% Flex CD at Garden Savings Federal Credit Union

Garden Savings Federal Credit Union has a good middle-term CD if you believe rates will be heading higher: Their 3-year “flex CD” has a rate of 1.96%. By “flex CD,” Garden Savings FCU means that if the rate goes up during the term, you can change the rate to set it higher one time. The CD seems like it has a minimum of $500, which Garden Savings’ normal CDs do, but it’s possible they have different policies for their flex CDs. Garden Savings FCU also has some competitive normal CDs:

  • 3-year (normal) CD: 2.01% APY
  • 4-year CD: 2.27% APY
  • 5-year CD: 2.56% APY

The penalty for early withdrawal is a loss of 90 days dividends earned on any CD, which is pretty reasonable for longer-term CDs like these.

Garden Savings Federal Credit Union is open to anyone who lives, works, worships, volunteers or attends school in Newark, Elizabeth, or Jersey City. Garden Savings FCU has five locations, all in New Jersey: Montville, Morristown, Murray Hill, Newark, and Parsippany.