Dedicated to Deposits: Deals, Data, and Discussion
Fort Knox Federal Credit Union1.00%$500-23 Month CD Special
Fort Knox Federal Credit Union0.90%$500-14 Month CD Special
Accounts mentioned in this post. Rates as of July 31, 2014

Special CD Rates at 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. The two best deals are a 1.40% APY 23-month CD and a 1.20% APY 14-month CD. There’s also a 0.75% APY 9-month CD special. Minimum deposit is $500. These rates are listed in the credit union's Term Share Certificate Rates page as of 8/6/2013. Thanks to DA member Pearlbrown for reporting on this in the DA forum.

The last time I reported on Fort Knox FCU CD specials in December, the credit union was restricting the CD specials to long-time members and residents of KY, TN and IN. However, Fort Knox FCU has removed this restriction. So now these CD specials are available to all members.

Beware of Fort Knox FCU’s History

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.

I know some readers might prefer that I not give Fort Knox FCU any publicity. I think it’s better to give all the facts including its history. If I don’t report on these CDs, people will get information about these CDs from other websites which won’t provide any of the credit union’s history.

Other Credit Union Perks

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! Call your local branch for more details.

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 2.52% (excellent) based on March 2013 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 don't want to do business with Fort Knox FCU, there are other options. The highest 24-month CD rate that's nationally available is 1.30% APY at Connexus Credit Union. However, this requires an active checking account with direct deposit. The highest without a checking requirement is 1.25% APY at Salem Five Direct.

The highest 12-month CD rate that's nationally available is 1.16% APY at State Bank of India - Chicago, but this has to be opened by mail if you don’t live near a branch. Connexus Credit Union is close behind with a 1.10% APY 12-month CD, but like the 24-month CD, this requires an active checking account with direct deposit. The highest at an internet bank is 1.05% APY. This is available from a few internet banks including GE Capital Bank and DollarSavingsDirect.

The above rates are accurate as of 8/6/2013.

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: Fort Knox Federal Credit Union, Kentucky, CD rates

Related Posts

Comment #1 by Anonymous posted on
Note that you will have to pay for 'checks' for the free checking account. If the account is 'no activity' for 12 months, they impose a $10 fee per month, without notifying you in advance. I had good CD experience with them in past years, but non-competitive in recent, and in hopes of them having some competitive rates in the future, wanted to keep my checking open, but not have to mail in deposits for meeting the 'activity'. It was easy to close the account, send them a letter with copy of ID, and a few days later they sent the balance, after inactivity fees, to my address of record.

Comment #2 by cactus posted on
Who knows what other cute tricks they will pull on their customers in the future...

Comment #3 by Wanderer (anonymous) posted on
It would be foolish to touch this credit union with a ten foot pole, let alone deposit money in it, given how it disregards its contractual obligations. Then, the federal authorities show their true mettle by siding with this crooked CU against someone who is victimized by the change in early withdrawal

Comment #4 by lou posted on
Not in a thousand years will this credit union get a penny of my money.

Comment #6 by Anonymous posted on
I waited 30 days to mail me a check after the CD was closed. Reason given: We forgot to mail it to you, not even a slight sign of remorse.

Comment #7 by Bancxman (anonymous) posted on
Re: "Then, the federal authorities show their true mettle by siding with this crooked CU against someone who is victimized by the change in early withdrawal...."

I don't believe the NCUA had any business issuing any rulings on this matter. Here's why: The NCUA's opinion is based on a strict contractual interpretation of the generic clauses in the membership agreement. That's because there's no applicable statute or regulation that the NCUA can enforce to prevent FKCU from enforcing these clauses. This renders the NCUA's opinion gratuitous because that agency has no authority to intervene in a purely contractual dispute between private parties. Only the courts are empowered to determine the enforcability of the generic clauses in the FKCU membership agreement. So, I have to wonder why the NCUA issued its opinion in the first place.   


Comment #8 by I Hate Fort Knox CU (anonymous) posted on
I Hate Fort Knox CU
As I have said before, FKCU shot itself in the foot by ****ing its customers who already owned one of their CDs.

That is because, from now on, FKCU will have to pay more for their CDs since their former customers know about their mischief and will not buy new CDs here unless they are bribed by better rates.  Right now, they don't need anybody's money but, in the future, they will need to sell CDs and they will be hurt by their reputation and the increased risk anyone has who buys CDs from them.

Comment #9 by Anonymous posted on
Why would anyone who knows the history of the CU deposit any of their money with them?  It would be a very foolish thing to do.

Comment #10 by paoli2 posted on
If Fort Knox CU had a good 5 year rate, I would do business with them for the very fact that Ken does not seem to have an issue with them any longer.  As I recall it was he who had a problem with them so if he is writing this article about them, it would seem he no longer has an issue with them so why should we.  I think it had something to do with them changing their EWP policy.  I would check this out and try to find out if they are still doing this.  Times are hard and I would have to have a very good reason not to do business with a bank anywheres near my state if I could get a decent interest rate from them.

Comment #11 by Anonymous posted on
I think this CU should have a black list mark highly visible next to it! So every post about it is clear about its past history. All CUs / banks that have wrongs their customers so bad should have special black list mark always next to their name in my opinion. Thanks a lot for your site Ken!

Comment #12 by lou posted on
Of all the credit unions Ken has reviewed in the past 8 years, this one is the worst of the worst. I don't have to review their history, as any curious reader can easily use the search function on this site to understand why they so richly deserve their number one ranking in the Hall of Shame for banks and credit unions that have scr*wed their customers. To anyone who thinks this is a good place to park their money: Caveat Emptor.

Comment #13 by Anonymous posted on
I think Ken can comment on whatever he wants since it is his site but  Paoli2's comment makes it clear that  to give these crooks any mention is a big mistake. Saying anything positive about this outfit seems to go against the good service that this site provides. I hope Ken will reconsider his position.

Comment #14 by paoli2 posted on
#13  I would like to rescind my earlier comment about doing business with Fort Knox.  I reread what it did about the EWP and remembered why I had formerly decided never to do business with them.  I may be desperate for higher interest rates but hope I would never be that desperate to give them my business.  I think I would live in great concern for the entire period my money would be with them.  Buying CDs is to give us peace of mine.  I would certainly not have this if I entrusted my money to Fort Knox no matter how tempting their rate might be.  For those like myself who might get forgetful due to all the banks and credit unions we research, I hope in the future Ken will stick to only promoting those he knows do not have unexpected "surprises" for their customers.