6.25% 18-Month / 6.00% 15-Month CD at a Multi-State CU (Chartway)

Chartway FCU has started back up another CD promotion. There's a 6.25% APY 18-month certificate and a 6.00% APY 15-month certificate (pdf of rate schedule). The minimum deposit is $10K and the maximum is $250K per household. Preferred Plus, Elite 50 Plus or Premier Checking is required. The CDs are available without the checking account at rates 0.25% less. These CDs are also available in an IRA.

This is similar to the special that was ended in early August. The rates are the same, but the terms are 5 months longer. With the interest rates going down, the longer terms may be an advantage. Unfortunately, there are no new 8% CD promo. The 8% CD promo ended in July.

The preferred Plus and the Elite 50 Plus checking accounts have a $10/month fee for balances under $2.5K. The Premier Checking Account has a $20/month fee for balances under $5K and a $20/month fee without direct deposit.

I was informed by a reader that Chartway does a hard credit pull when you open an account.

The field of membership includes those who live, work, worship or go to school in a defined geographic area served by the credit union's Virginia, Florida, Rhode Island and Texas branches. There are other ways to qualify for membership. Contact Chartway for details.

Branches are located in Virginia, Georgia, Rhode Island, North Carolina, Texas, Florida, Ohio and New Jersey.

Chartway is NCUA insured with $1.1 billion in assets and 156K members.

Thanks to Bob who mentioned this latest special in the finding deals post.