Apple Federal Credit Union is offering a special 8-month certificate with a 4.15% APY as of 11/18/08. It allows one withdrawal with no penalty during the term. New money is required. Minimum deposit is $500, and the maximum deposit is $500,000.
The early withdrawal feature makes this special CD an extra attractive deal. It seems like you should be able to open more than one of these CDs. This would provide you more flexibility in making withdrawals.
I last reported on this credit union on November 2nd regarding their competitive 5-year CD. They continue to offer this 5-year CD with a 5.10% APY for $50K minimum deposits and 5.00% APY for a $500 minimum.
A reader has reported being told by the credit union that members of Northern Virginia Athletic Directors, Administrators, and Coaches Association (NVADACA) qualify for credit union membership. NVADACA is listed in the credit union's field of membership list. Membership into NVADACA is open to anyone. There is a $10 membership fee. For more ways to be eligible to join Apple FCU, please refer to the credit union's Membership Page. Membership requires a minimum balance of $5 in the regular savings account.
Apple FCU is located in Fairfax, Virginia and has additional branches in Centreville, Falls Church, Herndon, Manassas, Alexandria, Springfield, Stafford, Winchester, Woodbridge and Washington, DC.
The credit union is federally insured by the NCUA (Charter # 11307). It has $1.0 billion in assets and 90,481 members.
Thanks to the reader who emailed me news of this CD.