SCARBOROUGH — According to DepositAccounts.com, a leading website that surveys rates of financial institutions nationwide, Town & Country FCU’s 12-month share certificate rate ranks first out of the 287 financial institutions surveyed with similar length-of-term CDs. The credit union introduced the new rate of 3.04% APY on May 1.
“We work hard to offer rates that are not only competitive but stand out, both on the lending and savings side. 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,” stated David Libby, President and CEO of Town & Country FCU.
The 12-Month Share Certificate at Town & Country FCU only requires a $500 minimum to open.
DepositAccounts.com is the first major financial institution comparison site that’s truly unbiased. It states that it receives no compensation for over 99% of the banks and credit unions it lists.
About Town & Country Federal Credit Union
As Maine’s largest credit union with more than 39,000 members, Town & Country is a full-service financial institution offering a wide range of financial products and services to people who live, work, go to school or worship in Cumberland and York Counties. Designated as one of Maine’s ‘Best Places to Work’ for the past seven years, the credit union has $390 million in assets, and is part of the second largest branch network in the country. To learn more, visit www.tcfcu.com.