Dedicated to Deposits: Deals, Data, and Discussion
Wright-Patt Credit Union2.30%$100k-72 Month CD
Wright-Patt Credit Union2.30%$100k-72 Month IRA
Wright-Patt Credit Union2.05%$100k-60-71 Month CD
Wright-Patt Credit Union2.05%$100k-60-71 Month IRA
Wright-Patt Credit Union1.76%$100k-48-59 Month CD
Wright-Patt Credit Union1.76%$100k-48-59 Month IRA
Accounts mentioned in this post. Rates as of August 22, 2014

Top Long-Term CD Rates at Wright-Patt Credit Union in Ohio


Wright-Patt Credit Union

Wright-Patt Credit Union is offering some competitive rates on its long-term share certificates. It's one of the rare institutions that offer 6-year terms. Its Jumbo 6-year CD has a 2.25% APY. The Jumbo 5-year CD has a 2.00% APY and the Jumbo 4-year CD has a 1.60% APY. The Jumbo minimum deposit is $100,000. The rates are 10 bps lower for a $500 minimum deposit. These rates are listed in the credit union's rates page as of 12/12/2012.

The IRA share certificates have the same rates as the regular share certificates. The credit union does a good job at making the account disclosures easily accessible. The share certificate disclosure has the details on the early withdrawal penalties. For terms of 48 to 72 months the penalty is 12 months of dividends (whether paid or not). Partial withdrawals of principal is not allowed. The CD must be closed if an early withdrawal is made.

Another good deal at the credit union is its TrueSaver savings account. It pays 5.00% APY on balances up to $500 (0.10% for portion of balance over $500). It's not a lot, but it's an easy $25 per year. It does require an active checking account which is defined as making at least 4 qualifying transactions per month. Also, either e-statements or direct deposit is required.

The credit union also has a good deal on its Health Savings Accounts. Its HSA basic has a 2.50% APY with no monthly maintenance fees.

Another nice thing about this credit union is that it has a history of paying out year-end bonus dividends. I reviewed its "Special Patronage Dividend" in December 2011.

Membership Eligibility

In addition to those who work at the Wright-Patterson Air Force Base, credit union membership is open to retired United States government military and civilian personnel. It's also open to those who live, work, worship or attend school in Montgomery, Greene, Warren, Miami, Clark, Clinton, Champaign, or Hamilton counties in Ohio. There's also a long list of select groups which can qualify you for membership. I did not find any easy-to-join group in my quick review of the list. If you find any, please leave a comment. Refer to the credit union's eligibility page for the membership details.

Credit Union Overview

Wright-Patt Credit Union branches are located in several Ohio cities some of which include Fairborn, Dayton and Cincinnati.

It's a large credit union with over $2.5 billion in assets. The credit union has an overall health score at of 5 stars (out of 5) with a Texas ratio of 4.76% (excellent) based on September 2012. Please refer to our financial overview of Wright-Patt Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 66328).

How These CD Rates Compare

The highest long-term CD rate that's nationally available is 2.20% APY at Pen Air Credit Union. This requires a $100K minimum deposit. The CD has a 2.00% APY for $500 minimum deposit.

You can't find higher rates than this even if you go out longer than 5 years. The highest 7-year CD rate that's nationally available is 2.15% APY at Navy Federal Credit Union. This requires a $100K minimum deposit. Also, Navy Federal membership is primarily limited to those who have a military connection. The highest 7-year CD rate without a membership limitation is 2.00% APY at PenFed.

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

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

  Tags: Wright-Patt Credit Union, Ohio, CD rates, IRA rates

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