Dedicated to Deposits: Deals, Data, and Discussion

6% 6-Month / 6.36% 36-Month CD at a DC CU (Open to All).


Agriculture Federal Credit Union is offering a 6.00% APY 6-month share certificate. A 6.36% APY 36-month certificate is also available. The minimum deposit for both is $1K.

The credit union's field of membership includes members of CityDance Ensemble. CityDance has open membership to anyone that pays membership dues of $20.00. This membership can be done at the same time that you apply for credit union membership. They have an online membership application in which you can join CityDance for $20, join the credit union for a $5 inital deposit to the Primary Share account, and open the CD.

The FOM also includes those who live, work or worship in Washington DC plus other group affiliations.

The credit union seems to have a good online banking system that allows you to open accounts online and to transfer funds to and from other financial institutions.

To offset the $20 membership fee, you'll want to invest at least $5.3K in the 6-month CD. The 6% APY provides about 0.75% more interest than other top 6-month CDs. It takes about $5.3K for six months with 0.75% extra interest to equal $20.

The credit union has branches in Washington DC, Riverdale, Maryland and Alexandria, Virginia.

The credit union is NCUA insured. Note, it's not a large credit union with $167 million in assets and 23,422 members. So with a membership open to all and rates this high, these CDs may not last long. As a comparison, Pentagon FCU has over $8 billion in assets and over 665K members. It's interesting to note that both are headquartered in Alexandria, Virginia so perhaps Algriculture FCU is trying to compete with Penfed.

Credit for this find goes to the FW CD thread.

Comment #1 by Anonymous posted on
do they pull a hard inquiry when opening an account?

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
New FW thread has more info on this with people asking the same question.

Another issue: According to that threaed you cannot transfer more than $10,005.00 from a new linked funding account.