Dedicated to Deposits: Deals, Data, and Discussion
Keesler Credit Union2.30%$100k-5 Year Jumbo CD
Keesler Credit Union2.30%$100k-5 Year Jumbo IRA
Keesler Credit Union2.00%$100k-4 Year Jumbo CD
Keesler Credit Union2.00%$100k-4 Year Jumbo IRA
Keesler Credit Union1.70%$100k-3 Year Jumbo CD
Keesler Credit Union1.70%$100k-3 Year Jumbo IRA
Keesler Credit Union1.65%$100k-3 Year Bump Rate Jumbo CD
Keesler Credit Union1.65%$100k-3 Year Bump Rate Jumbo IRA
Accounts mentioned in this post. Rates as of August 26, 2014

Competitive CD Rates at Keesler Federal Credit Union in Mississippi


Keesler Credit Union

As I was reviewing today's rate changes, I came across Keesler Federal Credit Union which had increased some of its CD rates. I was surprised I had not noticed this credit union before since it's the largest credit union in Mississippi. Its new CD rates got my attention since they're very competitive. Its Jumbo share certificates have the highest rates. These include a 2.00% APY for a 5-year term, a 1.65% APY for a 4-year term and a 1.40% APY for a 3-year term. Minimum deposit is $100,000. Rates are 10 basis points lower for a $1,000 minimum deposit. There's also a bump-up 3-year CD with rates 5 basis points lower than the regular 3-year CD. This gives one option to bump-up the rate during the CD term. All CDs are also available as IRA certificates. These rates are listed in the credit union's savings rates page as of 1/10/2013.

I was only able to find the truth in savings disclosure in the online application so I can't provide a link to it. The early withdrawal penalties were described in the disclosure. The penalty for CD terms of 1 year or less is up to 90 days of dividends. For CDs with terms over 1 year, the penalty is up to 180 days of dividends. The penalty doesn't eat into the principal so if the 5-year CD is closed before 6 months, the member will just lose all of the interest.

Reward Checking Account

The credit union also has a reward checking account that's called eAdvantage Checking. Its rate is a little disappointing with a 1.40% APY for balances up to $25K. Monthly requirements to qualify for this rate include: 1) 15 debit card purchases, 2) one bill paid with online bill pay, 3) direct deposit and 4) eStatements. The rate, balance cap and requirements are listed in the credit union's savings rates page as of 1/10/2013.

Membership Eligibility

The credit union was initially established to serve those who work at the Keesler Air Force Base. Membership has expanded, and many more people are eligible to join. Anyone who lives, works, worships or attends school in Pearl River County, Hancock County, Harrison County, or parts of Jackson County, MS are eligible.

Many more people can also qualify via an association. The first page of the online application has the following in the eligibility list:

Belong to, or volunteer with various associations, for example the American Cancer Society or Air Force Association.

In the online application, you can select one of the associations. They all appear to be tied to Mississippi (One example is "American Cancer Society/Mid-South Division"). So I'm hesitant to call this easy membership for anyone in the nation. Before joining one of these associations, it would be a good idea to contact the credit union to ensure your association membership will make you eligible for credit union membership.

More details about membership and a link to the online application are located at this this credit union page.

Credit Union Overview

Branches are located in several Southern Mississippi cities. Some of these include Biloxi, Waveland, Gulfport, Pascagoula and Wiggins. There are also some branches in air force bases in the U.K.

Keesler Credit Union is headquartered in Biloxi and is the largest credit union in the state of Mississippi. It has over $2 billion in assets. The credit union has an overall health score at of 5 stars (out of 5) with a Texas ratio of 3.38% (excellent) based on September 2012 data. Please refer to our financial overview of Keesler FCU for more details. The credit union is federally insured by the NCUA (Charter # 5561).

How This CD Rate Compares

Finding 2% CDs has become difficult. There are still a few 2% 5-year CDs that are available nationwide. The highest is 2.05% APY at Citizens State Bank. Some all-access credit unions also offer 2.00% APY 5-year CDs. The largest is Mountain America Credit Union. These rates are accurate as of 1/10/2013.

Searching for Top CD Rates

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

  Tags: Keesler Credit Union, CD rates, Mississippi, IRA rates

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Comment #1 by Anonymous posted on
Does anyone know the early withdrawal penalty?


Comment #2 by KenBDG posted on
I have a few EWP details in the second paragraph.