Apple Federal Credit Union has again started the year with an IRA CD special. The rate is down from last year, but it's competitive in today's low-rate environment. Apple is offering a 14-Month IRA Certificate at 3.00% APY. Minimum deposit is $500, and the maximum is $500,000. It's scheduled to end on 2/20/2010. The offer is listed in the credit union's promo page as of 1/05/2010.
Apple also continues to offer competitive long-term CD and IRA CD rates. These include a 3.50% APY 60-month CD, a 3.75% APY 84-month CD and a 4.00% APY 120-month CD. Minimum deposit is $500. For a $50K minimum, the 60-month CD has a 3.60% APY. These rates are listed in the credit union's rate table as of 1/05/2010.
Credit union membership is open to members of Northern Virginia Athletic Directors, Administrators, and Coaches Association (NVADACA). NVADACA is listed in the credit union's field of membership list. Membership into NVADACA is open to anyone. There is a $20 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.
According to a credit union representative, they do a soft hit through Equifax on a new membership application. There's no hard pull.
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's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 11307).
Other Competitive IRA CD Rates
- IRA CD rates at DepositAccounts.com
- My weekly list of hot nationwide and local CD deals