SHREWSBURY, N.J. — If your credit union was out shopping rates on July 28 it could have found some of the best rates at what some may consider an unlikely place–Louisiana Corporate.
That's not to say Louisiana Corporate is a second-rate corporate or deficient in anyway, however at $192 million it is one of the smallest corporates in the nation, and may not be the corporate CUs think of first for high rates.
But on July 28 Louisiana Corporate was offering a 5.55% rate on a $200,000 six-month CD, a 5.55% rate on a six-month $2 million CD, a 5.47% rate on a two-year $200,000 CD, and 5.47% on a two-year $2 million CD. The two-year CD rates ranked first among all corporates and its six-month rates were near the top.
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