Update 9/19/09: The special CD rates have fallen, but the rates are still competitive: 2.25% APY 7-month, 2.40% APY 11-month and 2.50% APY 17-month.
Fort Knox Federal Credit Union is offering three very competitive CD specials: a 2.50% APY 7-month CD, a 2.60% APY 11-month CD and a 2.75% APY 17-month CD. The credit union also has competitive rates on its standard CDs. Some of the best include a 2.75% APY 24-month CD, a 3.00% APY 30-month CD and a 4.00% APY 60-month CD. Minimum deposit is $500. Higher rates are available for Jumbo CDs with a $100,000 minimum deposit. An extra 0.15% will be added for special CDs and an extra 0.25% will be added for standard CDs. These rates are listed in the credit union's CD rates page as of the morning of 8/13/09.
The credit union has a history of competitive CD specials. My last report was on August 2008 when the 7-month CD special had a 5% APY (the good old days).
Membership is open to those who live, work or worship in any of the following Kentucky counties: Boyle, Breckinridge, Grayson, Hart, Larue, Meade, Nelson and Taylor. There's also a large list of select employer groups. Relatives of any person who can be a member may also join. There's a $10 membership fee, and a minimum $5 deposit into a share savings account is required. Please refer to the credit union's membership eligibility page for the full details.
Branches are located in several cities in Kentucky including Fort Knox, Radcliff, Elizabethtown and Campbellsville.
The credit union has strong ratings for safety and soundness: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 3/31/09 financial data. Fort Knox FCU is federally insured by the NCUA (Charter # 7000).
Other Competitive Certificate of Deposit Rates