XCEL FCU Offers Leading 5-Year CD, According to Bankrate.com

BLOOMFIELD, N.J. – It appears that the Federal Reserve’s rate increase has spurred at least a few banks and credit unions to significantly boost CD rates, according to Bankrate.com.

Among the newsmakers is XCEL Federal Credit Union. XCEL’s rate sheet improvement includes a 5-year CD paying 2.50% APY, which handsomely tops the 2.27% APY available from the best-paying national bank, says Bankrate. XCEL is also offering 1.75% APY on 3-year CDs, which is enough to tie the top national bank.