Find the latest Garden Savings Federal Credit Union CD rates, offers, and promotions here.
Best CD Rates: 5.00% APY, 13-Month, $5K minimum deposit, new money.
Availability: New Jersey, New York, or Pennsylvania. Members of the American Consumer Council (ACC) are eligible to join Garden Savings. ACC can be joined online and any membership fees can be avoided by entering “garden” as your Member Code (located at the bottom of the ACC online application).
Credit Inquiry: Soft Pull, they use ChexSystems.
Table of Contents
About Garden Savings Federal Credit Union
Garden Savings Federal Credit Union is headquartered in Parsippany and is the 5th largest credit union in the state of New Jersey. It is also the 706th largest credit union in the nation.
Garden Savings Federal Credit Union offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
| Term | APY Rate | Minimum Deposit |
| 30 Days | 0.30% | $500 |
| 3-Month | 1.75% | $500 |
| 4-Month | 1.75% | $500 |
| 5-Month | 1.75% | $500 |
| 6-Month | 2.25% | $500 |
| 7-Month | 2.25% | $500 |
| 8-Month | 2.25% | $500 |
| 9-Month | 2.25% | $500 |
| 12-Month | 3.35% | $500 |
| 13-Month | 5.00% | $5,000 |
| 18-Month | 3.40% | $500 |
| 24-Month | 4.17% | $500 |
| 36-Month | 3.45% | $500 |
| 48-Month | 4.17% | $500 |
| 60-Month | 3.69% | $500 |
*The above rates are accurate as of 12/27/2022*
The 13 Month-CD Promo requires a $5,000 minimum opening balance of new money
Garden Savings Federal Credit Union CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
If you have a minimum of $500, you can invest in a Garden Savings Federal Credit Union CD account to maximize your earnings. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
- Minimum deposit: $500
- Maximum deposit: None
- Early withdrawal penalty:
- For terms eleven months or less – loss of 90 days dividends earned.
- On terms of 1 year or greater, early withdrawal penalty is 180 days of dividends earned.
(NCUA Insured)
| Compare to the best CDs such as Sallie Mae Bank 27-Month CD (5.00% APY), Sallie Mae Bank 23-Month CD (4.85% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.70% APY), Quontic Bank 60-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.40% APY), and CIT Bank 11-Month No-Penalty CD (4.10% APY). |
Important Details for Garden Savings FCU
- Funding – ACH, wire, or shared branch transfer.
- CO-OP Shared Branch Participant – Yes.
- Dividends – Compounded/credited monthly with automatic transfer to Garden Savings savings/checking account.
- Maturing Funds – ACH, wire, cashier’s check, or internal transfer.
- Beneficiaries – Unlimited; percentages can be assigned; Social Security number required.
- Grace Period – 10 calendar days before automatic renewal.
Garden Savings Federal Credit Union CD Features
- Competitive rates on all CD terms
- Free online and mobile banking
- Insured by the NCUA up to the maximum allowed by law
Bottom Line
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Additionally, you will be able to gain access to many great features that come with the account.
This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Garden Savings Federal Credit Union does have competitive rates with their launch, I recommend to take a look at Discover Bank Promotions here to find others to take advantage of.
| Sallie Mae | 5.00% APY 27-Month CD | Review |
| Sallie Mae | 4.85% APY 23-Month CD | Review |
| Bellco Credit Union | 4.75% APY 13-Month CD | Review |
| Blue Federal Credit Union | 4.70% APY 15-Month CD | Review |
| CIT Bank | 4.65% APY 13-Month CD | Review |
| CIT Bank | 4.60% APY 18-Month CD | Review |
| Great Lakes Credit Union | 4.60% APY 12-Month CD | Review |
| SkyOne Federal Credit Union | 4.50% APY 15-Month CD | Review |
| Quontic Bank | 4.45% APY 60-Month CD | Review |
| Ponce Bank | 4.41% APY 4-Month No-Penalty CD | Review |
| Sallie Mae | 4.40% APY 14-Month No-Penalty CD | Review |
| Discover Bank | 4.40% APY 60-Month CD | Review |
| Idabel National Bank | 4.35% APY 24-Month CD | Review |
| Sallie Mae | 4.25% APY 10-Month No-Penalty CD | Review |
| SkyOne Federal Credit Union | 4.20% APY 12-Month CD | Review |
| CIT Bank | 4.15% APY 6-Month CD | Review |
| CIT Bank | 4.10% APY 11-Month No-Penalty CD | Review |
| State Exchange Bank | 3.75% APY 13-Month CD | Review |
This is a great opportunity to invest in a high-interest CD from Garden Savings Federal Credit Union. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Garden Savings Federal Credit Union CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
Please contact me regarding 12 month CD @ 5%.