6.17% 36-to-60 Month CDs at Fort Belvoir FCU (Open to All)
Sep 27, 2006 - 9:14 AM by Ken Tumin
Fort Belvoir FCU just increased the rates on its share certificates. 6.17% APY is now available on CD terms from 36, 48 and 60 months. The minimum deposit is $1,000. These are also avilable in an IRA. The early withdrawal penalty is 180 days for all terms. The CDs can be opened by mail.
Fort Belvoir had been offering rates as high as 6.43% APY on a 60-month CD for much of this year. The rates had declined last month to under 6%. I'm glad to see the rates have gone back over 6%.
You can be eligible to join by being a member of Friends of MNBP. This is one of the eligible groups in the credit union's field of membership. There's a minimum $15 fee for joining Friends of MNBP. Readers have mentioned that the credit union does require verification from the group in order to process the credit union membership application.
Fort Belvoir's FOM also includes all active duty or retired member of the US Armed Forces and those living or working in Southeastern Fairfax County or North Woodbridge, Virginia.
The credit union has branches in Woodbridge and Alexandria, Virginia and several in Fort Belvoir.
The credit union is NCUA insured with $221 million in assets and 25K members. It has a 4-star rating from Bauer Financial.
Fort Belvoir had been offering rates as high as 6.43% APY on a 60-month CD for much of this year. The rates had declined last month to under 6%. I'm glad to see the rates have gone back over 6%.
You can be eligible to join by being a member of Friends of MNBP. This is one of the eligible groups in the credit union's field of membership. There's a minimum $15 fee for joining Friends of MNBP. Readers have mentioned that the credit union does require verification from the group in order to process the credit union membership application.
Fort Belvoir's FOM also includes all active duty or retired member of the US Armed Forces and those living or working in Southeastern Fairfax County or North Woodbridge, Virginia.
The credit union has branches in Woodbridge and Alexandria, Virginia and several in Fort Belvoir.
The credit union is NCUA insured with $221 million in assets and 25K members. It has a 4-star rating from Bauer Financial.
Featured Accounts
Useful Resources
Featured 1 Year CDs
Anonymous - #1, Wednesday, September 27, 2006 - 12:57 PM
looks like this is only good thru 9/30 so for new members may be too late to join the group to be eligible? Anton
Scott (anonymous) - #2, Thursday, September 28, 2006 - 1:47 PM
They must have done this in the past few days. I don't think the rate was that high on the 16th, when the new rates came out. I have a CD maturing the 29th for 12 mo., I'll have them renew it for 36 months instead. Good timing.
Anonymous - #3, Friday, September 29, 2006 - 7:30 AM
How long does it take to join Friends of MNBP? Can it be done in one day?
Banking Guy (anonymous) - #4, Saturday, September 30, 2006 - 3:28 PM
This CD special didn't last long. New rates effective October 1st for the 3yr, 4yr and 5yr are 5.64%, 5.74% and 5.90% APY.
I'm pretty sure I had checked these rates on September 23rd and they were the same as they are now. So these 6.17% rates came and went quickly.
It might be worthwhile to become a member even without a high yield CD immediately available. This would allow you to quickly jump on the next 6-percent-plus CD they come out with.
Add Your Comment
Post a Comment