Dedicated to Deposits: Deals, Data, and Discussion

Competitive CD Specials at Fort Knox FCU - Limited to KY, TN & IN


Fort Knox Federal Credit Union

If you haven't been turned off by what Fort Knox Federal Credit Union did in 2011, you may want to consider its current CD specials. These include a 1.50% APY 23-month CD, a 1.20% APY 14-month CD and a 1.00% APY 6-month CD. Minimum deposit is $500. These rates are listed in the credit union's Term Share Certificate Rates page as of 12/28/2012.

Even though Fort Knox FCU makes it easy for anyone in the nation to join, not everyone can qualify for these special CDs. Only long-time members or residents of Kentucky, Tennessee or Indiana can qualify.

Fort Knox FCU is well known here as the credit union which raised the early withdrawal penalty on members' existing certificates. A member filed a complaint with the NCUA over this issue, but the NCUA ruled in favor of Fort Knox FCU's right to increase the EWP based on generic clauses in the membership agreement. I have the details in this post.

If this EWP incident isn't a deal killer for you, there are several nice perks with Fort Knox FCU membership. First, the credit union is part of the CU Service Center which allows you to take care of many banking transactions at a shared branch. In 2010 a reader described how he easily opened a Fort Knox FCU CD by deposited a large check at a local credit union that belonged to this network. The deposit was made to his Fort Knox savings account. He called Fort Knox FCU that same day, and he was able to open the CD with the funds from the deposited check.

The credit union offers a free checking account with free ATMs worldwide.

Fort Knox FCU also offers a nice cash-back credit card with 5% cash back for gas purchases.

Membership Eligibility

According to the credit union's membership eligibility page:

If you do not meet any of these eligibility criteria, you may qualify for membership by joining the American Consumer Council --it's free!

There's a "Become a member" link on this page which takes you to an online application. In the online application where you select how you're eligible to join, it states:

If you can't find an eligibility requirement to match your situation, you can still join the credit union. Just select the "I'm eligible for membership through" drop down to the left and choose the "other" option.

Membership requires a one-time $10 fee and a minimum $5 balance in your share account.

Credit Union Overview

Fort Knox Federal Credit Union branches are located in several cities in Kentucky including Fort Knox, Radcliff, Elizabethtown and Campbellsville. Also, as I mentioned above, the credit union belongs to the shared credit union network that allows you to perform several banking transactions at shared branches across the nation.

The credit union has an overall health score at of 5 stars (out of 5) with a Texas Ratio of 2.36% (excellent) based on September 2012 data. Please refer to our financial overview of Fort Knox FCU for more details. The credit union is federally insured by the NCUA (Charter # 7000).

How These CD Rates Compare

If you can't qualify for these Fort Knox FCU specials or if you just don't want to do business with them, there are other options. The highest 24-month CD rate that's nationally available is 1.50% APY at Pentagon Federal Credit Union.

The highest 12-month CD rate that's nationally available is 1.16% APY at State Bank of India - Chicago. The highest at an internet bank is 1.05% APY.

The best short-term CD deal used to be at Digital Federal Credit Union which had a great 8-month CD special, but that appears to have ended. Now the best short-term CD deal is at Ally Bank with a 0.95% APY 11-month No Penalty CD. With this no-penalty feature, the customer can make this CD have any term from 7 days to 11 months.

The above rates are accurate as of 12/28/2012.

Searching for the Best CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

Related Pages: Fort Knox Federal Credit Union, Kentucky, Tennessee, Indiana, CD rates

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Comment #1 by Anonymous posted on
      I am a member of Ft Knox FCU, and although I do not plan to open a CD--I think is is terrible a credit unuion       would "select" only a certain group of people out of it's members who can have a servicce or offer. It seems BOLD FACE discrimination. Horrible!!!

Comment #2 by Anonymous posted on
I think it is sad that you are still  giving this bunch of crooks a mention on your website. Shame on them and shame on you.

Comment #3 by ChrisCD posted on
Ken is providing the rates and plenty of disclaimers.  He is allowing us to make our own decision on whether or not we want to or even if we can participate.  I prefer someone to give all of the facts then withhold informaiton because of personal biases. 

Comment #4 by Kaight posted on
I refuse to criticize Ken.  And I'm a big joiner of CUs.  But this is one CU I'd not touch with a twenty foot pole.  BTW, in like manner I also make every effort to avoid poisonous snakes.  Like with a coiled snake, you don't know what stunt this wack CU is gonna pull next . . . . just that it could be bad for your financial health.  

Comment #5 by Paoli2 posted on
I think Ken has made us well aware of the pros and cons of Fort Knox CU.  In these times of such low interest rates, maybe he is just making us aware of their rates in case someone would be interested in doing business with them.  They do have a five star rating but I like to take into account other matters with my banks and cus.  I am still not ready to give Fort Knox CU my business because of their action on the early withdrawal penalty which Ken was thoughtful enough to mention in his article.

Comment #6 by I hate Fort Knox CU (anonymous) posted on
I hate Fort Knox CU
As I have said many times before, Fort Knox's ****job in 2011 is going to backfire on them. 

From now on, they are going to have to pay higher interest rates than other institutions since they can't be trusted with the terms of their CDs.

Comment #7 by Anonymous posted on
i agree with #3 and #4.  i have 2 cd's with fort knox, i have never had a problem with them, i'm also well aware of the early withdrawal, as of today i'm glad i have 2 cd's paying 3.00%

Comment #8 by Anonymous posted on
I have used Fort Knox in the past.  No Problems! 

Comment #9 by Paul (anonymous) posted on
No worries here -- Fort Knox is great -- no chance that i will break those 5.25% CD's.  Yuck yuck.

Comment #10 by Anonymous posted on
Any CDs 5% and above are close to maturity..... I've been a member of Fort Knox since early 2010 so I wrote them  an e-mail asking them why I'm not considered a loyal member..... 2009 yes, 2010 no.

Comment #11 by Anonymous posted on
It's too bad that some people keep making excuses for this bunch of crooks and Ken's ads for them. If you can't see that their actions are terrible for trust in our banking system and in our belief in fair play, then you are blind and deserve the poor treatment that crooks like these foster. I respect Ken and his hard work but I think he is just wrong in giving this type of institution anything other than bad publicity.

Comment #12 by Anonymous posted on
I will not invest my money in CDs with this cu. They get a vote of no confidence from me