Aventa Credit Union is offering some competitive long-term CD and IRA CD rates. They have Jumbo CDs with a $50K minimum which have the best rates. These include a 2.93% APY 5-year CD, a 2.27% APY 3-year CD and a 1.76% APY 2-year CD. The rates are 0.10% lower for a $10K minimum and 0.20% lower for a $500 minimum. These rates are listed in the credit union's CD rates page as of 2/21/2011.
According to the credit union's disclosure, CDs with terms over 1 year have a penaltly of either 180 days of interest or all interest earned whichever is less (so the penalty won't eat into the principal).
These rates compare favorably to the best CDs available nationwide. Currently, the best 2-year CD rate is 1.75% APY from Salem Five Bank and the best 5-year CD rate is 3.00% APY from Kaiser Federal Bank.
Membership and Branches
Credit union membership is primarily based on select employer groups and associatio memberships. According to the credit union's association page "any member of the Pikes Peak Arts Council may become a member of Aventa Credit Union. Other associations include the Business of Arts Center and Asset Advisors Management Group (AAM)."
The credit union has branches in Colorado Springs and Pueblo, Colorado.
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 7.57% (excellent) based on September 2010 data. Please refer to our financial overview of Aventa Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 62755).
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: