Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Fort Financial Credit Union0.25%$500-30 Month COMFORT Certificate
Fort Financial Credit Union0.10%$500-12 Month IRA Certificate (Traditional,Roth,CESA)
Accounts mentioned in this post. Rates as of August 22, 2014

Special 30-Month CD at Fort Financial Credit Union in Parts of IN, NC, MS, IL and WI

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Fort Financial Credit Union

Fort Financial Credit Union has a special 30-month CD with a 2.01% APY. It's called the COMFORT Certificate, and it allows you to bump up the rate one time during the term of the CD and add additional funds at the same time. A checking account is required. Minimum deposit is $500. The special is also available as a Traditional or Roth IRA. The rate is listed at the credit union's rate table as of 12/07/2010.

As a comparison to internet banks, the best 30-month CD rate is 1.74% APY (2.05% APY for a $175K deposit) at USAA Bank. The best 30-month CD rate at a nationwide credit union is 2.15% APY at Navy Federal (limited membership).

Membership in Fort Financial Credit Union is open to anyone who lives, works, worships, attends school within certain areas around Corinth, Mississippi; Fort Wayne, Indiana; Gastonia and Morganton, North Carolina; Janesville, Wisconsin; and South Beloit, Illinois. You can also be eligible via select employer groups. Please refer to the credit union's Membership Page for the full details. Membership requires a minimum balance of $5 in the regular share savings account.

The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 10.58% (excellent) based on September 2010 data. Please refer to our financial overview of Fort Financial Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 5431).

Searching for the Best CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following tables at DepositAccounts.com:


  Tags: Fort Financial Credit Union, Indiana, Mississippi, Illinois, North Carolina, Wisconsin, CD rates, IRA rates

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Comments
Comment #1 by Anonymous posted on
Anonymous
This is a spectacular deal because of the very low, $500, permitted opening deposit.  You open for $500 now and then a year or eighteen months (or whatever feels right) from now you add on $249,400 (or whatever you have) if rates have remained low between now and then.  If rates rise, you just let the account run with the original $500 and add nothing.  This is very cheap insurance which might lock in a high rate, short term CD in future.  And if not, the cost to try is very low.

3