Dedicated to Deposits: Deals, Data, and Discussion

Last Day for Agriculture FCU's 6% 10-Month CD


Agriculture Federal Credit Union
Update: It may already be too late for ACH funding. A reader noted being told by AFCU that the funds have to reach them by 3:30PM today (7/27/07). An ACH transfer would likely take longer to complete.

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.

  Tags: Agriculture Federal Credit Union, CD rates

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Comment #1 by Anonymous posted on
Banking Guy -- Thanks for the instructions, I would have never found the account opening link otherwise. Confirming that last 4 SSN works as audio password for existing members.

Also: one nice thing about opening a <12 month CD this time of year is that the interest should be taxable in 2008, not 2007.

Comment #2 by Anonymous posted on
I was also sucessful with getting a CD using AFCU online process. They have a great online system that makes it quick and easy to join and obtain accounts & CDs. They are definately at the top of the pack in customer convienence.

Comment #3 by Anonymous posted on
they ****ed me up trying to get my mother on a joint account. i have 2 cds there and then they started need ing fax drivers license blocking my mothers joint application it was too late to get organized faxing stuff.

Comment #4 by Anonymous posted on
It was ****ed up by the credit union. i talked to the rep at 2pm, if I can open the account and CD, and I was told as long as the ACH confirmation is there today before 3.30pm, they would honor it. Guess what, by the time, I went to open, they took off the CD even at 2.30pm. Finally the manager called me and said, if i do wire transfer by Monday, he would honor it. i do not want to go thru' wirexfer charges and hassles for just 6 apy. It is the end of the world!
-Ram, NJ

Comment #5 by Anonymous posted on
My first call Friday morning to AFCU, I was told they must have money in hand by 3:30pm. Only an immediate wire transfer or going to their branch would suffice, said that rep.
I phoned back in early afternoon and another rep. told me the same. However, when I told her I thought it unfair they would not honor ACH requests/applications that had been submitted and for which a valid confirmation number was received, she checked with senior manager and advised me not to worry, if the application was put in online by 330pm it would be ok even though ACH might not take place for 2 to 3 days. Her name was Lovie I believe.

Comment #6 by Anonymous posted on