| Bank or Credit Union | Apy | Min | Max | Product | |
| Apple Federal Credit Union | 2.70% | $500 | - | 120 Month Share Certificate | |
| Apple Federal Credit Union | 2.70% | $500 | - | 120 Month IRA Certificate |
Special 14-Month IRA CD at Apple Federal Credit Union - Easy Membership
Apple Federal Credit Union has again started the year with an IRA CD special. The rate is not as competitive as last year, but it's a decent deal in today's low-rate environment. The special is a 1.40% APY 14-Month IRA certificate. Minimum deposit is $500, and the maximum is $500,000. It's scheduled to end on 2/28/2011. The offer is listed in the credit union's promo page as of 1/07/2011.
Apple FCU continues to offer one of the best 10-year CD rates available with a 3.25% APY. The shorter terms are not quite as competitive. This is listed in the credit union's rate table as of 1/07/2011.
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.
When I last checked with the credit union last year, I was told 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 has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 6.40% (excellent) based on September 2010 data. It's a sizable credit union with $1.29 billion in assets. Please refer to our financial overview of Apple Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 11307).
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 sections of DepositAccounts.com:
Inforay - #1, Sunday, January 9, 2011 - 3:23 PM
I thought of applying for the ten-year CD with the intention that if interest rates rose in the future I could pull out the money and pay the penalty. However, I noticed that the penalty is really harsh -- three years worth of interest. Now I am wondering if it is worthwhile, or just go for a five-year CD with Ally Bank that has a 60 day penalty.
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