5.65% 7-Month CD at a Kentucky CU (Fort Knox)

Fort Knox Federal Credit Union is offering a special 5.65% APY 7-month certificate of deposit. The minimum deposit is $500. There's also a pick-a-term CD with a yield of 5.30% APY. Available terms range from 8 to 11 months and from 13 to 17 months.

This 7-month special used to be 6% and the pick-a-term CD yields used to be 5.65%. I had posted on this in June. Nevertheless, the new rates are still competitive considering the recent Fed rate cut.

Field of membership includes those who live, work or worship in the following Kentucky counties: Boyle, Breckinridge, Grayson, Hart, Larue, Meade and Nelson. There's also a large list of select employer groups. Relatives on any person who can be a member may also join. There's a $5 membership fee, and a minimum $5 deposit into a share savings account is required.

The credit union currently has several branches across Kentucky. It is federally insured by the NCUA (Charter # 7000). It has $581.7 million in assets and 70,002 members.

Tags: Fort Knox Federal Credit Union, Kentucky, CD rates