6.43% 60-Month / 6.27% 48-Month CD at a Virginia CU (Fort Belvoir).
Aug 19, 2006 - 4:22 PM by Ken Tumin
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.
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.
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Sir Rodney (anonymous) - #1, Thursday, August 10, 2006 - 12:28 PM
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.
Banking Guy (anonymous) - #2, Thursday, August 10, 2006 - 12:47 PM
Thanks for finding this out. Joining Friends of Manassas seems like an easy way to qualify.
Anonymous - #3, Thursday, August 10, 2006 - 2:12 PM
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.
Anonymous - #4, Sunday, August 13, 2006 - 1:01 AM
The 36-month CD seems to be the best deal. At least I believe so.
Anonymous - #5, Sunday, August 13, 2006 - 9:18 AM
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.
Anonymous - #6, Monday, August 14, 2006 - 11:41 AM
I called last week. $15 is your passport in. You probably did get someone new.
Anonymous - #7, Tuesday, August 15, 2006 - 12:14 PM
FTBFCU rates just dropped by .50% this morning...
Banking Guy (anonymous) - #8, Tuesday, August 15, 2006 - 6:41 PM
Thanks for the update. Sorry to see the drop. 6% CDs aren't lasting long these days.
Anonymous - #9, Wednesday, August 16, 2006 - 10:13 AM
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.
Scott (anonymous) - #10, Thursday, August 17, 2006 - 5:34 PM
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!
Shanny (anonymous) - #11, Friday, December 1, 2006 - 8:28 AM
Their rates came down considerably today.
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