Agriculture FCU just came out with a new 6.00% APY 10-month certificate promotion. The minimum deposit is $5,000. You can apply online for both membership and to open this CD.
Last summer, AFCU came out with CDs with rates up to 6.50% APY (see post). It has been awhile since they've come out with a high-yield short term CD special. The last one was in November when they offered a 6.10% 16-Month CD (see post). It only lasted 10 days, so you may not want to wait too long before jumping on this new one.
Field of membership includes members of CityDance Ensemble. CityDance has open membership to anyone that pays membership dues of $20.00. This membership can be done at the same time that you apply for credit union membership. They have an online membership application in which you can join CityDance for $20, join the credit union for a $5 initial deposit to the Primary Share account, and open the CD.
The FOM also includes those who live, work or worship in Washington DC plus other group affiliations. See site for the full details.
I see that this new CD is already listed in the online application. So you should be able to apply for membership and open the CD at the same time. I joined AFCU and opened a CD last November. For more information on AFCU and the CDs, please refer to my November AFCU post. If you apply and see some difference to what I had described, please leave a comment. After 8 months, there may have been some changes in the application.
Branches are located in Washington DC, Riverdale, Maryland, and Alexandria, Virginia. AFCU is also part of National Shared Branching network in which you can use local credit unions to access your account and conduct many transactions.
AFCU is federally insured by the NCUA (Charter # 16400). It has $201.6 million in assets and 24,052 members.
Thanks to the reader who emailed me info on this new special.