5.75% 13-Month CD at Chartway FCU (up to 6.51% possible)

Chartway FCU just started offering a 5.75% APY 13-month share certificate. The minimum deposit is $10,000 and the maximum is $250K per household. A yield of up to 6.51% APY is possible with certain relationships. An extra 0.25% is added for those with Preferred Plus, Elite 50 Plus or Premier Checking accounts. And another 0.25% or 0.50% can be added. Direct Deposit, a credit card balance transfer of $500+ OR a new equity loan of $10K+ qualifies for 0.25% rate bump. Direct Deposit AND either credit card balance transfer of $500+ or a new equity loan of $10K qualify for the 0.50% rate bump.

Page 2 of the rate table (pdf) has a table that better describes these details to get the rates of 6.01% to 6.51% APY. The nice thing is that you can get 5.75% APY without jumping through any hoops.

Every few months Chartway seems to come out with CD promotions. Last month Chartway came out with a 5.65% 17 month CD. A few times last year they came out with a promotional 7% and 8% APY CDs with maximum deposits of around $7K that could be extended with new member referrals.

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 federally insured by the NCUA (Charter # 13242). It has $1.2 billion in assets and 164,014 members.

Tags: Chartway Federal Credit Union, Virginia, Georgia, North Carolina, CD rates, Rhode Island, New Jersey, Texas, Ohio, Florida