The Alpena Alcona CD limits the deposit to $7000, too, so there is a limit on the amount of interest you can earn.It’s a promotional offered by my local credit union at the end of April expired June 30. The caveat is that it’s variable, no higher than 7% and no lower than 5%. So far it’s remained at 7% and I expect it to remain there until the end of the year when they mature. They just offered the same promo on Sept.1st. Here I was scouring the online banks back in the spring for he best rates and the best rate appeared right under my nose!