Achieva Credit Union Offers 60-month IRA CD


UPDATE 10/01/2018: The IRA CD rates have fallen. The 60-month APYs are now in the range of 2.95% to 3.10% APY.

Deal Summary: 60-month IRA/457B Plus, 4.20% APY ($75k), 4.10% APY ($25k). 60-month IRA/457B, 4.00% APY ($500)

Availability: Residents of ten Florida counties; easy membership through Achieva Foundation ($25 minimum contribution).

Achieva Credit Union (Achieva) is currently offering amazingly competitive rates on its 60-month IRA/457B Plus (4.20% and 4.10% APY) and 60-month IRA/457B (4.00% APY). The 60-month IRA has three different APYs based on minimum deposit levels: $75k, $25k, and $500. The APYs are a uniform 10 bps higher per deposit level. Achieva IRAs are offered in Traditional, Roth, and CESA types.

0.90%$75k-Achieva Credit Union60 Month IRA/457B Plus (Traditional, Roth, CESA)
0.80%$500-Achieva Credit Union60 Month IRA/457B (Traditional, Roth, CESA)
Rates as of January 23, 2021.

There is fine print on the Rates page which is a bit vague:

Achieva members with an active Achieva Checking account or credit card
will receive a preferred rate increase in the APR of a new or renewing CD.

CSR explained that to be eligible for the higher Plus rates, an active Achieva checking account is needed. "Active" was defined by CSR as being, “An account that's open and being used.” CSR further explained that there are no minimum balance requirements or minimum number of transactions required for an account to be considered “open and not dormant.” (Dormant is defined by Achieva as no activity for one year.)

The Early Withdrawal Penalty (EWP) was previously listed in the Account Disclosures, but has since been removed. CSR confirmed the EWP has remained the same:

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(If the amount withdrawn or the penalty reduces the balance below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).

Thanks to the many DA readers who posted about this great rate in the DA Forum.


Headquartered in Dunedin, Florida, Achieva Credit Union’s field of membership (FOM) is quite varied.

Residency: Individuals who live or work in the Florida counties of Charlotte, Collier, DeSoto, Hernando, Hillsborough, Lee, Manatee, Pasco, Pinellas, or 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.

Easy Membership: Joining the Achieva Foundation (minimum $25 contribution) qualifies for membership eligibility, regardless of residency status.

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

Joining Achieva Credit Union can be done online, at any of 24 Florida branches located in Bradenton, Cape Coral (2), Clearwater, Dunedin, Estero, Land O Lakes, Largo, New Port Richey, North Port, Palm Harbor (2), Pinellas Park, Port Charlotte, Punta Gorda, Sarasota (3), St. Petersburg (3), Tampa, and Venice (2).

An IRA Certificate can be opened online, by phone, or at any branch location.

For more details about joining Achieva and opening an IRA Certificate, please refer to this DA Forum thread where several readers shared their experiences with joining Achieva and opening an IRA Certificate. Many thanks to those readers!

Credit Union Overview

Achieva Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.55% (excellent) based on March 31, 2018 data. In the past year, Achieva increased its total non-brokered deposits by $21.81 million, an above average annual growth rate of 1.64%. Please refer to our financial overview of Achieva Credit Union (NCUA Charter # 60087) for more details.

Achieva Credit Union was founded in 1937 as the Pinellas County Teachers Credit Union, with seven charter members and $99.25 in total 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 in the FOM (currently includes ten Florida counties), with the Achieva Credit Union rebrand occurring in 2004. Achieva is currently Florida’s twelfth largest credit union, with nearly 154,000 members and assets in excess of $1.5 billion.

How the IRA/457B Plus Compares

When compared to the similar length-of-term IRAs tracked by that are available nationally, Achieva Credit Union's 60-month IRA/457B Plus and IRA/457B APYs currently rank in the top three, regardless of minimum deposit.

The above rates are accurate as of 8/9/2018.

To look for the best IRA rates, both nationwide and state specific, please refer to our IRA Rates Table page.

Related Pages: Tampa banks, Ft. Myers banks, IRA CD rates, nationwide deals

  |     |   Comment #1
WOW !! Eat your heart out out SharonView...
..this outfit had better prepare for a World War Z style army of starved-for-return Senior Floridians!
  |     |   Comment #2
Need to read the other posts and Tampa Bay newspaper article also referenced therein on this CU. What does "plus" mean?
  |     |   Comment #7
Opening IRA CD involves much more paperwork than doing a regular CD.

The process of moving IRA assets is way too slow than Wire/ACH/deposit-into-shared-branch.

Then there is no assurance that by the time the assets are moved, the rate will be still available. And to top it off, when the IRA CD matures the whole cycle of paperwork to move it elsewhere begins afresh.

I will have to pass this ... Instead I use Brokered CDs for IRA / Rollover IRA accounts ...
  |     |   Comment #60
To get the 4.20% offer you had to be in by Sept 9. Also: with the ROTH CD, your annual contribution cannot add to the value of the CD... only the monthly interest.
  |     |   Comment #8
@RichReg....Its apples and oranges. The Sharonview deal was for both IRA and regular money where this is for strictly IRA's only. Plus there is no rate lock guarantee for the IRA should the rate drop before the account is funded per the CSR there. Sharonview had a rate lock guarantee if the paperwork was "in process".
  |     |   Comment #10
Didn't notice that part. Don't understand the restriction;; I mean, a CD is a CD.
I guess they will charge you if you transfer your IRA out to another institution, right?

Well, not a bad rate if you can find your way around that....
  |     |   Comment #12
Yes exactly. The lack of a rate lock and numerous fees kept me away from this one but totally agree it's a great rate if you're able to lock it in. Plus I did jump in the Sharonview deal.

To answer our question yes they charge a lot of various fee's including $25 when you transfer your IRA CD out which I've never dealt with before. Check out the disclosure statement below regarding fee's there:
  |     |   Comment #17
Uh-huh. I have. Charles Schwab comes to mind.
Usually have to take a partial 'rollover' distribution (but leave the account open) by check and deposit it to another IRA within 60 days. Just have to be careful 'cause the IRS scrutinizes those rollovers a little bit more these days...
  |     |   Comment #29
You only get one rollover in a one year period.
Not, once a year.
But, one year after the last rollover.
So, be careful with rollovers.
It's always better to do an IRA trustee-to-trustee transfer.
You can do as many of those as you want.
  |     |   Comment #46
Like I said, the IRS is watching. While a trustee-to-trustee transfer sounds wonderfully convenient, it also leaves you vulnerable to back-office transfer fees.

You can always show up in person, ask for a check payable to a third party/custodian F.B.O. (you). Initially this will show as a premature or normal distribution, but once you provide proof that the check was deposited into another IRA or retirement account you can have the distribution corrected to non-reportable. This way the IRS won't receive any reporting on it.
  |     |   Comment #16
Achieva has actually been offering this CD for several months now.
  |     |   Comment #3
Eat what heart? It has to be an IRA. Unless you are retired, you cannot get a monthly divi check.
Keen Eye
  |     |   Comment #6
Interesting Observation!

However my understanding is the young people with their IRAs do not want a "monthly divi check."
  |     |   Comment #4
One might ask--why is this Credit Union offering such a jump in IRA rate--compared to its current rate and compared to Nationwide?
Keen Eye
  |     |   Comment #5
By God, indeed sir!

What is this?
  |     |   Comment #14
Because deplorable and I laid it out that 4% CD's are coming and 5% is not that far off. Of course all the nay sayers said we were dreaming. Keep CD investments short and sweet and I'd love to hear why if you disagree?
Keen Eye
  |     |   Comment #36
Larry, I had no idea!! A bold forecast, indeed most people seem to expect flat rates!

You and mister deplorable get a regular writing gig here to inform people!
  |     |   Comment #9
This is not new, they've actually offered this rate for the past couple of months now, it's been listed under 5 year IRA rates. I was able to open a Traditional IRA and rollover the funds from an ex employer and get the 4.2% rate as has some other followers of this website according to previous comments. It was easy to open the iRA with them, the delay was with my ex employer taking three weeks to get the checks to them, that was a scary time worrying about whether the rate would still be there when the money finally showed up.
  |     |   Comment #30
Just dump the checks into an IRA savings account.
Then, if the rates drop, you can always move the money back out.
Never had to do this yet, but at least this approach won't leave you stuck with an IRA CD with a rate you don't want.
  |     |   Comment #58
When you do an IRA transfer or rollover the money goes into a IRA savings whether a Roth or Traditional IRA
  |     |   Comment #11
Just a note and I will leave it at that, Achieva is a state chartered credit union. It is currently insured by NCUA.
Reader 1
  |     |   Comment #13
The first online comment that I saw about this 4.20% APY was dated May 16 on a different forum. So, this rate has been available at least since that date and quite possibly earlier. I don't know why this blog is posted on DA today.
  |     |   Comment #15
Reader 1. A better question is why no noticeable reference by DA to earlier postings. See

AND for readers “where is their due diligence?”
  |     |   Comment #19
Comments 13 and 15 -- As to alleged absence of both earlier postings and "due diligence", the Achieva offer (and Achieva's history of not honoring CD terms) have been a topic of discussion on for over six weeks.
Reader 1
  |     |   Comment #32
Comment #19, I was referring to the absence of an earlier official blog (the ones usually posted by Ken) related this offer. What you are referring to is a user community discussion thread. Nothing about this offer was posted in the "Blog" section of DA until yesterday.
  |     |   Comment #35
Probably because it's only for IRA money and It has been listed under IRA 5 year CD rates since June which is where everyone that was looking for IRA CD's found it. Now that it is on the blog page, folks are complaining since it is only good for IRA's. These days people are only happy when they're complaining....
  |     |   Comment #18
Oh wonderful, thank you Ken for these great catches! I just wonder, the $25 "Contribution" to be eligible, is it a gift to their foundation? Or a Savings Account? Thanx.
  |     |   Comment #20
I'm sorry I misinterpreted the availability as to being able to join by paying $25. I can see it's strictly for those who live in certain cities or counties and/or are relatives of members. Too bad although I wouldn't want to open an "active" account besides the CD...Let's hope there will be more 4%ers and above... :)
miss this?
  |     |   Comment #22
Copy Paste from Ken orig. post above

Easy Membership: Joining the Achieva Foundation (minimum $25 contribution) qualifies for membership eligibility, regardless of residency status
Keen Eye
  |     |   Comment #24
yes, the person corrected the misinformation below.
  |     |   Comment #21
I just called Achieva CU at 727-431-7680 to clarify the matter of needing to have a relationship like an "active" checking account, etc. to be eligible for the 4.2% CD, and the CS young man Yousef (he's the "only Yousef in the co.") denied that, explaining: if not eligible as a FL resident or a relative of a member, one can open the CD by paying $26 as follows: $10 donation to their foundation; $15 cost of opening the CD; $1 Savings Account. And assured me there are no other fees. I did forget to ask what the "Plus" by the IRA name means though...
Keen Eye
  |     |   Comment #23
Read the post again.
  |     |   Comment #25
Keen Eye, I don't know what you mean. Care to explain? Thanx.
  |     |   Comment #26
Okay sorry, I didn't read the above posts.
  |     |   Comment #27
Did anybody find out what "60 Month IRA/457B" means? BTW, I didn't call Achieva to double check Ken's info. I only wanted to know whether we had to open other accounts, then the CSR volunteered the rest and I replicated here.
P.S. It seems to me I saw an "Edit" link when I posted my first msg. here, but don't see it anymore. Did I really see one? It would help to avoid filling up the thread..... :)
  |     |   Comment #28
There are no guarantees that once you start the process of moving existing IRA money that this deal will still be available. Moving existing IRA money doesn't just happen overnight with either a click of your mouse or a phone call. This deal is very tempting but somewhat risky.
  |     |   Comment #31
Just move it to an IRA savings account first.
Takes the risk out of the equation.
  |     |   Comment #33
If you move your IRA to a savings account, make sure you ROLL IT OVER to keep the same IRA status. Then you can roll it over to the Achieva but...this won't save you from Achieva changing the rate.
  |     |   Comment #34
A "transfer" IRA to IRA is better and not reportable at the end of the year
  |     |   Comment #41
Trustee-to-trustee transfer is not "better" - it's essential, if going first into an IRA savings, as otherwise a subsequent rollover is taxable as a distribution - and it's goodbye to any further tax deferral.
  |     |   Comment #43
Curious Dave, can you explain very specifically what you're talking about? Are you referring to the funds going from an IRA Savings to a IRA certificate at Achieva or a subsequent withdrawal from the IRA certificate somewhere in the future.
  |     |   Comment #44
Rollovers of Retirement Plan and IRA Distributions
  |     |   Comment #45
I know the rollover/transfer rules very well. I was asking Curious Dave a very specific question because his post seems to be wrong. It's not essential to do a trustee-to-trustee transfer if the funds are going into an IRA savings account, because when the credit union subsequently transfers the funds to the CD, this is always considered a transfer, not a rollover or distribution of funds.
  |     |   Comment #49
How is making that move eliminating the risk of Achieva lowering the rate???
  |     |   Comment #50
It doesn't.
  |     |   Comment #37
HARD PULLS on all 3 bureaus after I applyed! BEWARE!
  |     |   Comment #39
Why are you concerned with the hard pull?
  |     |   Comment #40
To paraphrase an earlier post I saw....I just love having my credit report pulled for non-credit reasons (after all I'm the creditor in CDs), and then for all three agencies which "I" have to pay to unfreeze (remember after late September it will be free to unfreeze...can "you" guess of the time lag then), and then the CU could go to chex systems and ask for a copy of your SS (original) card to satisfy identity obligation under the Patriot Act! When are they going to ask for your new Medicare card number! Finally, pulling of only one credit report is seemingly the norm, not three! Other than that, no problem here with 3 since it is not a crowd!
  |     |   Comment #51
Hard pulls on all 3 credit bureaus is a deal killer for me!
  |     |   Comment #38
My entire IRA is at my broker and while I have a few small brokered CDs in there, they are shorter term. And the IRA, unlike my regular account only has about 10% cash excluding CDs.

I would not want 90% invested in my regular account, that's for sure but I try to do most of my trading /investing in the IRA.

I am not breaking up my IRA for a 5 year CD even though its at a nice rate.
  |     |   Comment #42
12 months) equities outside your IRA - gains are eligible for long-term rate treatment and, for those not in the 22% federal tax bracket, gains upon sale may even be effectively tax free (why defer taxes in IRAs on investments that have the potential to earn tax-free income)?Fixed income investments are better candidates for IRAs because the tax being deferred is at normal tax rates.
  |     |   Comment #47
RJM, we think alike in a majority of our trading is in our Sep and Roth IRA. Just made a trade on Friday and bought 200 shares of TTD on earnings blowout and profited about $3K. We love keeping powder dry!
  |     |   Comment #48
I should not have said trading. I invest, usually for 6 months-10+ years.

I played around with trading when I was younger and the spreads were wider and I had limit order protection but not now...with 1-5 cent spreads.
  |     |   Comment #54
RJM that's to bad you are missing he TTD Train which has been rolling. I've got a new one I invested in yesterday and today it's moving on above average volume. Take a look at NANO.
  |     |   Comment #52
tried to join ,gave info -heard nothing after they got my person info - left phone number several times, I"m worried it a fraud Beware
  |     |   Comment #53
Val, this one is not a fraud at all. Be a little patient as they are swamped with requests. Call Janette, she was super fast and super cooperative with me. Explain calmly to her what you did and she'll help. Thanks to her I've completed their Membership and Signature Form and was told in 24/48 hours I'll receive my account number so I can fund it. Go ahead and good luck! :)

What I'm worried about is Freedom CU whom I contacted much earlier than Achieve and haven't heard from. I'll have to call them and give them hell, lol!
  |     |   Comment #55
I have one of the IRA CD's with them that is about 1 month old. You will also have to get a form from them for the transfer of your IRA from the other place. You fill it out and then they will send the form to them for your money from the other place. Ask for a fax number from the other place. Some places will accept a fax for the transfer otherwise it will be done through the mail. Ask that place if they will over night the money otherwise it could take up to 3 weeks for them to do it.
  |     |   Comment #56
Ally if you refer to Achieva, my existing account will do it by phone! :)
  |     |   Comment #59
What credit union will do an IRA transfer by phone. I thought a paper trail was required.
  |     |   Comment #57
There is no fraud, it takes them a few days to get the new account opened then they will get the forms to you to on how you will be funding the IRA.
Achieva CU (FL) Raises Rates On Most IRAs
Availability: Residents of Charlotte, Collier, DeSoto, Hernando, Hillsborough, Lee, Manatee, Pasco, Pinellas, and Sarasota Counties, Florida.

Florida-based Achieva Credit Union (Achieva) recently increased the rates on most of its IRAs (Traditional, Roth, CESA). Each IRA CD has three different APYs based on minimum deposit levels: $500, $25k, and $75k. The APYs are a uniform 10 basis points higher per deposit level.

There is fine print on the Rates page which is a bit vague:

CSR explained that to be eligible for the higher Plus rates, an active Achieva checking...

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

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...

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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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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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