Dedicated to Deposits: Deals, Data, and Discussion
Credit Union of Atlanta0.05%$500-6 Month Share Certificate
Credit Union of Atlanta0.05%$500-12 Month Share Certificate
Credit Union of Atlanta0.05%$500-36 Month Share Certificate
Credit Union of Atlanta0.05%$500-60 Month Share Certificate
Credit Union of Atlanta0.05%$2k-Share Plus Money Market
Accounts mentioned in this post. Rates as of August 27, 2014

Big CD Rate Increases at Credit Union of Atlanta in Georgia - Local Only


Credit Union of Atlanta

Update 2/12/11: The CD and MMA rates have fallen. However, the 3-year CD rate remains the same.

Credit Union of Atlanta has made some large increases on its CD, IRA CDs and money market rates. Some of the best rates listed on the credit union's deposit rates page as of 2/9/2011 include:

  • 1.75% APY Share Plus Money Market
  • 1.78% APY 6-month CD
  • 2.03% APY 1-year CD
  • 2.53% APY 3-year CD
  • 3.29% APY 5-year CD

When I last reported on this credit union in December, the 12-month CD yield was only 1.51% and the 5-year CD yield was only 2.78%. The rates went up by so much that it made me suspicious. I called this morning, and I was told these rates are correct. They just changed this week.

Minimum deposit for the CDs is $500. According to the credit union's share savings certificates page the penalty for early withdrawal is 90 days dividends for terms of 6 to 12 months, and 180 days dividends for terms of 24 to 60 months.

The Share Plus Money Market account requires a minimum balance of $2,000 to qualify for the top rate. A monthly service fee is charged for balances under $500.

These rates are way above the best CD and money market rates available nationwide. The best rate 1-year and 5-year CD rates are 1.75% and 3.00% APY from Connexus Credit Union (requires an active checking). The best rate without a balance cap on a liquid account is 1.51% APY on a checking account at The Morrill and Janes Bank and Trust.

Membership in Credit Union of Atlanta is open to residents in parts of Atlanta, Georgia. You can also be eligible to join via select employer groups. The credit union used to be the Atlanta City Employees Credit Union so as you would expect, the employer groups include employees of the City of Atlanta and Fulton County. Please refer to the credit union's membership page for the full details.

The credit union has an overall health score at of 5 out of 5 with a Texas Ratio of 5.72% (excellent) based on September 2010 data. Please refer to our financial overview of Credit Union of Atlanta for more details. The credit union is federally insured by the NCUA (Charter # 67383).

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  Tags: Credit Union of Atlanta, CD rates, IRA rates, Georgia, money market accounts

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Comment #1 by Anonymous posted on
Perhaps this is the first of what will hopefully be a long list of institutions whose deposit rates are beginning to follow the 10-yr treasury as it has risen dramatically over the past few weeks.

We can all hope, anyway.

Comment #2 by no stock4me (anonymous) posted on
no stock4me
looks good, but as usual its another  "local" thing.

I don't know what the hell is up with banks or CU's here in VA but none have any deals like this. In my area its the usual 1% or less. This is with the 4 banks and the 1 CU I have to deal with.

I also hope its a look at what might be. I have another CD due next week and no matter what I won't be going more thasn 12 mo at the most, hell I may just park it in the mnymkt its still at .91


Comment #3 by Tom W. (anonymous) posted on
Tom W.
I just went to arrange for a five year CD at that outstanding rate, and apparently the deal is already over, the same day it's announced.  How lame is that?  Their "Deposit Rate" page now shows a five year CD rate at 2.75%.  (I'm writing this on Thursday, 2-10-11,  4:30 Eastern Time).

Comment #4 by Anonymous posted on
Just FYI.  This was a promotional rate for a limited time.  I confirmed.  But it was good while it lasted.

Comment #5 by Anonymous posted on
Yes it was a promo, actually it was a mistake, I got in but was the last one. Never been so excited over a 3.25% cd for five years.