Achieva Credit Union (Easy Membership) Has Top Rate IRA CDs

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Availability: Easy membership

Florida’s Achieva Credit Union (Achieva) has introduced two new CDs to its product line: 15-month CD (1.25% APY) and 30-month CD (1.75% APY). The minimum opening deposit for either CD is $1K, with no maximum balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.30%$1k-Achieva Credit Union30 Month CD
0.70%$1k-Achieva Credit Union15 Month CD
Accounts mentioned in this post. Rates as of July 12, 2016.

Both CDs are available as IRAs (Traditional, Roth, and CESA) with the same funding, but with higher APYs (25 basis points). IRAs with a minimum $75K deposit earn APYs 45 basis points higher.

As stated in Achieva’s Account Disclosures, the Early Withdrawal Penalty reads as follows:

The early withdrawal penalty is 75% of interest earned for terms 1 year or less and 75% of most recent 12 months of interest for terms of 1 year or greater.

IRA CDs (Traditional, Roth, and CESA)

Achieva recently raised the APYs on four of its IRA Certificates of Deposit (IRA), with each IRA having three different APYs based on minimum deposit levels: $500, $25K, and $75K. The APYs are a uniform 10 basis points higher per deposit level.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.35*%$75k-Achieva Credit Union60 Month IRA Plus (Traditional, Roth, CESA)
2.05*%$75k-Achieva Credit Union48 Month IRA Plus (Traditional, Roth, CESA)
1.85*%$75k-Achieva Credit Union36 Month IRA Plus (Traditional, Roth, CESA)
1.75*%$75k-Achieva Credit Union30 Month IRA Plus (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of July 12, 2016.

As stated in Achieva’s Account Disclosures, the Early Withdrawal Penalty reads as follows:

If the term of the certificate is over one (1) year, the penalty will equal one hundred and eighty (180) days of interest calculated at the rate being paid on the Account. (If the amount withdrawn or the penalty reduces the balance below the minimum balance requirement, then the Account must be closed).

Availability

Headquartered in Dunedin, Florida, Achieva Credit Union offers membership through a variety of ways:

Easy Membership: Joining the Achieva Foundation qualifies for membership eligibility, regardless of residency status.

Residency: Individuals who live or work in the Florida counties of Charlotte, Collier, Hernando, Lee, Manatee, Pasco, Pinellas, and Sarasota are eligible for membership.

Relationship: Anyone related to a current Achieva member is also eligible for membership. Qualifying relationships include parents, children, spouse or surviving spouse, or any other relative by blood, marriage, or adoption.

Complete membership details can be found on Achieva’s Membership page.

Joining Achieva Credit Union can be done online, at any of 20 branches located in Bradenton, Cape Coral (2), Clearwater, Dunedin, Land O Lakes, Largo, New Port Richey, Palm Harbor (2), Pinellas Park, Saint Petersburg (2), Sarasota (3), St Petersburg, Tampa, and Venice.

CDs and/or IRA CDs can be opened at a branch location or over the phone. In a Live Chat, CSR stated,

You can open a CD over the phone once your membership is established and the funds have been transferred to a checking or savings account within Achieva.

Credit Union Overview

Achieva Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 3.03% (excellent) based on March 31, 2015 data. In the past year, Achieva increased its total deposits by $71.64 Million, an excellent annual growth rate of 7.92%. Please refer to our financial overview of AchievaFederal Credit Union for more details.

Achieva Credit Union (NCUA Charter # 60087) was founded in 1937 as the Pinellas County Teachers Credit Union, with 7 charter members and $99.25 in deposits. By 1958, assets reached $1 Million and the first interest refund was paid to borrowers. A change to a Community Charter in 1985 began an expansion that eventually included nine Florida counties. The name was changed to Achieva Credit Union in 2004 and today serves over 121,700 members, with assets in excess of $1.1 Billion.

How the CDs Compare

When compared to 94 similar length-of-term CDs tracked by DepositAccounts.com requiring a similar deposit and available nationally, Achieva Credit Union's 15-Month CD currently ranks second.

When compared to nine 30-month CDs tracked by DepositAccounts.com requiring a similar deposit and available nationally, Achieva Credit Union's 30-Month CD currently ranks first.

How the IRAs Compare

All of the above mentioned Achieva Credit Union IRAs have APYs that surpass or equal the APYs of the similar length-of-term IRAs tracked by DepositAccounts.com that are available nationally, regardless of deposit level.

The above rates are accurate as of 8/24/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

To look for the best nationwide IRA rates and the best IRA rates in your state, please refer to our IRA rates table.

Comments
cumulus
cumulus   |     |   Comment #1
Achieva lowered the APY on both these CD's today:
   15 month APY now 0.70% (was 1.25%)
                30 month APY now 1.30% (was 1.75%)     :(
5.50% 9-Month CD at a Florida CU (Achieva)
Achieva Credit Union is offering a 5.50% APY 9-month certificate of deposit. The minimum deposit is $1K.

Last July I had reported on a 5.75% 15-month CD that Achieva was offering.

The credit union's field of membership includes anyone who lives or works in the Florida counties of Pinellas, Hernando, or Pasco. Branches are located in the cities of Clearwater, Kenneth City, Largo, Palm Harbor, Pinellas Park and St. Petersburg.

Achieva Credit Union is federally insured by the NCUA. Since my last report assets have grown by $40 million to $524 million, and...





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5.75% 15-Month CD at a Florida CU (Achieva)
Achieva Credit Union is offering a 5.75% APY 15-month certificate of deposit. The minimum deposit is $1K. This special doesn't seem to be listed at the credit union's website. It was advertised in this week's St. Petersburg Times. The ad is available online here.

In March I had reported on a 5.50% 15-month CD that Achieva was offering.

The credit union's field of membership includes anyone lives or works in the Florida counties of Pinellas, Hernando, or Pasco. Branches are located in the cities of Clearwater, Kenneth City, Largo, Palm Harbor, Pinellas...



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5.50% 15-Month CD at a Florida CU
Achieva Credit Union is offering a limited-time CD special: 5.50% APY 15-month certificate of deposit. The minimum deposit requirement is $1000.

The credit union's field of membership includes anyone lives or works in the Florida counties of Pinellas, Hernando, or Pasco. Branches are located in the cities of Clearwater, Kenneth City, Largo, Palm Harbor, Pinellas Park and St. Petersburg.

Achieva Credit Union is NCUA insured with over 58,000 members and over $486M in assets.



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