Dedicated to Deposits: Deals, Data, and Discussion

6.43% 60-Month / 6.27% 48-Month CD at a Virginia CU (Fort Belvoir).

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Fort Belvoir Federal Credit Union is still offering high rates on its longer term certificates. These include a 6.43% APY 60-month CD, a 6.27% APY 48-month CD and a 6.17% APY 36-month CD. The minimum deposit is $1K. The 36-month CD is also available in the Roth IRA. The early withdrawal penalty is 180 days for all terms. The CDs can be opened by mail.

I had repoerted on these 6% rates in June. With long term rates declining over the last few weeks, these CDs have become more attractive.

One thing to note about the credit union's field of membership is that it includes all active duty or retired members of the US Armed Forces regardless of military branch or duty station. In addition, it includes all those living, working, worhipping, or attending school in Southeastern Fairfax County, North Woodbridge, and Fort Belvoir, Virginia.

The credit union has branches in Woodbridge and Alexandria, Virginia and several in Fort Belvoir.

The credit union is NCUA insured with $220 million in assets and 24K members. It has a 4-star rating from Bauer Financial.

Comments
11 comments.
Comment #1 by Sir Rodney (anonymous) posted on
Sir Rodney
Anyone who joins The Friends of Manassas http://fmnbp.org/ is eligible for membership. Cost to join The Friends of Manassas a one time $15 associate membership.

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for finding this out. Joining Friends of Manassas seems like an easy way to qualify.

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Comment #3 by Anonymous posted on
Anonymous
Their rates are good till Aug 15th. I called and a CSR did mention you have to join The Friends of Manassas first. They need to get verification from them in order to process your membership app. It could all take 2 weeks to process everything so
just hope these rates stay good after the 15th.

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Comment #4 by Anonymous posted on
Anonymous
The 36-month CD seems to be the best deal. At least I believe so.

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Comment #5 by Anonymous posted on
Anonymous
I must have talked to a new employee there. I was told there is NO way to join the credit union unless you fit their criteria.

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Comment #6 by Anonymous posted on
Anonymous
I called last week. $15 is your passport in. You probably did get someone new.

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Comment #7 by Anonymous posted on
Anonymous
FTBFCU rates just dropped by .50% this morning...

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Comment #8 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the update. Sorry to see the drop. 6% CDs aren't lasting long these days.

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Comment #9 by Anonymous posted on
Anonymous
Managed to lock in 36 mo. at 6.17% apy, 48 mo. at 6.27, and a 60 mo. at 6.43 right before the rate drop.

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Comment #10 by Scott (anonymous) posted on
Scott
I too got a 5 year CD at this rate on the afternoon of the 15th. Thankfully they posted the new rates before the old ones expired, so I got it for $1K. Hey, its all I could afford right now!

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Comment #11 by Shanny (anonymous) posted on
Shanny
Their rates came down considerably today.

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