It's rare to find 3.00% CDs these days. There are still a few around the country, but most are only offered by small banks and credit unions. Afena Federal Credit Union is one of these. It has a 3.03% APY 5-year CD. It also has very competitive CD rates for terms of 2 to 4 years. These include a 1.51% APY 2-year CD, a 2.27% APY 3-year CD and a 2.52% APY 4-year CD. Minimum deposit is $500. These rates are listed in the credit union's savings rates page as of the morning of 2/14/2012. It's interesting to note that the credit union's short-term CD rates (terms under 2 years) are very uncompetitive.
Unfortunately, not many people will be able to qualify for membership. Credit union membership is limited to those who live, work or worship in Grant or Wabash County. The "worship" qualification may help a few more people to be eligible. Please refer to the credit union's Join Us page for more details.
Afena FCU branches are located in Marion, Indiana.
The credit union has an overall health score at DepositAccounts.com of 3 stars (out of 5) with a Texas Ratio of 8.27% (above average) based on September 2011 data. Please refer to our financial overview of Afena Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 12153).
How These CD Rates Compare
The best 3-year CD rate that's nationally available is 1.90% APY at Fort Knox FCU. The best 5-year CD rate is 2.30% APY at Fort Knox FCU (59-month term) and at Andrews FCU. These rates are accurate as of 2/14/2012.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.