APG Federal Credit Union Has 30-Month CD Special, 3.50% APY
APG Federal Credit Union (APGFCU) is currently offering a 30-month CD Special that earns an eye-catching 3.50% APY. This limited-time CD Special can be opened with a low $100 minimum deposit and requires new money, which is defined as “money not already on deposit with APGFCU.”
According to CSR, the Early Withdrawal Penalty for CDs with terms of 18 months or greater is 180 days interest.
Availability
Headquartered in Edgewood, Maryland, APG Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, attend school, or volunteer in Cecil or Harford Counties, or in certain areas of Middle River (based on census tracts) eligible for membership.
Immediate family members and household members of current a APGFCU member or a membership-eligible individual also qualify for membership.
Joining APGFCU and/or opening a CD Special can be done online, or at any of 13 Maryland branches located in Aberdeen, Aberdeen Proving Ground, Bel Air (3), Belcamp, Chesapeake City, Edgewood, Elkton (2), Fallston, Forest Hill, and Havre de Grace.
Credit Union Overview
APG Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.76% (excellent) based on September 30, 2018 data. In the past year, APGFCU has increased its total non-brokered deposits by $89.61 million, an excellent annual growth rate of 8.26%. Please refer to our financial overview of APG Federal Credit Union (NCUA Charter # 2540) for more details.
Formerly known as the Aberdeen Proving Ground Federal Credit Union, APG Federal Credit Union was established in 1938 by a small group of Aberdeen Proving Ground (APG) employees. (APG is the U.S. Army's oldest active proving ground, established in October 1917, six months after the U.S. entered World War I.) The Credit Union’s first "home" was a single cash drawer in a small APG office. Through a charter change and subsequent FOM expansion, APGFCU has grown to be Maryland’s fifth largest credit union, with nearly 127,000 members and assets in excess of $1.3 billion.
APGFCU also has the distinction of being one of the few credit unions that has an indoor arena bearing its name: APG Federal Credit Union Arena at Harford Community College in Bel Air, Maryland.
How the CD Special Compares
When compared to 265 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, APG Federal Credit Union’s 30-month CD Special currently ranks first.
| Interest Rate | CD Length of Term | Credit Union/Bank |
|---|---|---|
| 3.50% APY | 30-month CD Special | APG Federal Credit Union |
| 3.35% APY | 3-Year Term Deposit | Mountain American Credit Union |
| 3.30% APY | 3-Year CD | ableBanking |
The above rates are accurate as of 12/28/2018.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD Rates Table page.
Unlike many credit unions, note that it is sufficient to have an immediate family member who qualifies for membership, regardless of whether they are in fact a member. That broadens the membership pool somewhat. I don't see the term "immediate family" defined on the CU's website.
"Members of the immediate family or household of a credit-union-eligible individual may join. That credit union-eligible individual does not need to join the credit union in order to extend membership eligibility to the immediate family or household member."