As I mentioned yesterday, today is the last day for Agriculture Federal Credit Union's 6% APY 10-month CD special. This is based on info I received yesterday from AFCU's customer service rep. Since the application is online, you should be able to join and open the CD today before this special ends. If you're not yet a member, please refer to my Monday AFCU post for the details about this credit union. If you're already a member, you may find my description below of opening a new account useful.
I opened the CD last night, and the process went smoothly. If you're already a member and plan to open the CD today, here are some things I learned. You can't open the CD when you're logged into your account. Instead you have to select the "Click Here to Join AFCU". A new window will open up and provide instructions. Click continue and the next page will allow you to select "existing member". The following pages will walk you through the CD purchase process. Note, instead of your online account password, it'll ask for your Audo Response Password. I was told by the CSR that this is the last 4 digits of your SSN. This worked for me. You'll also be asked some additional indentity verification questions. One of the questions included the approximate available balance in your savings account. So be sure to record this before you begin.
For the account funding, the choices were credit/debit card, transfer from another checking/savings account or transfer from your AFCU primary share account. I chosed the second option, and used money from my GMAC Money Market Account. For that option, you'll need the bank's routing number and the account number. I don't recommend using your credit card since you may be charged a cash advance fee. I've been told that this depends on your credit card company.
After the application was finished, there was nothing to print or mail. I logged into my account, and saw the CD had been added to my account summary. So everything seemed to have gone okay.