Achieva Credit Union Adds Rate-Leading 17-Month CD Special

Florida-based Achieva Credit Union (Achieva) recently added a 17-month CD Special to its product line. Earning a competitive 5.25% APY, the 17-month CD Special can be opened with a $500 minimum deposit; there is no stated balance cap. According to CSR, this is a limited-time offer, but no specific end-date has been set.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty (EWP) reads as follows:

The early withdrawal penalty for a standard or promotional (non-IRA) Certificate of Deposit is 75% of the interest earned for the term of the CD. If the amount withdrawn or the penalty reduces the balance below the minimum balance requirement, the account will be closed.

CSR clarified that the EWP is based on the total deposit in the CD at the time of withdrawal.

Thanks to DA reader, SouthernGirl, for the comment this week about the Certificate Special.

Availability

Headquartered in Dunedin, Florida, Achieva Credit Union’s field of membership (FOM) is quite varied, providing almost all US citizens/resident aliens with a way to join.

Residency: Individuals who live or work in the Florida counties of Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Lee, Manatee, Monroe, Pasco, Pinellas, Sarasota are eligible for membership.

Relationship: Immediate family members of a current Achieva member are 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 $10 contribution) qualifies for membership eligibility, regardless of residency status.

You can qualify for a membership with Achieva Credit Union if you make a minimum $10.00 contribution to the Achieva Foundation along with a one-time membership fee of $15.00. Membership through the Achieva Foundation does not change the residency restrictions on Achieva Credit Union loan applicants. We give back to the community through Achieva Foundation, a 501(c)(3) Corporation, which distributes classroom grants to local schools.

Joining Achieva Credit Union and/or opening a CD can be done online, at any of 24 Florida Gulf Coast branches located in Bradenton, Cape Coral, Clearwater, Dunedin, Estero, Fort Meyers, Land O Lakes, Largo, Lehigh Acres, New Port Richey, North Port, Odessa, Palm Harbor (2), Pinellas Park, Port Charlotte, Punta Gorda, Sarasota (3), St. Petersburg (3), and Venice. Appointments are available and can be Locationsscheduled online.

A $1 deposit into a Simply Savings account, along with a
payment of a $15 membership fee establishes membership.

Funding and Other Details

The following information is from a conversation with CSR.

• Funding – ACH, wire ($12 fee), internal transfer, or shared branch transaction.
• CO-OP Shared Branch Participant – Yes.
• Dividends – Compounded daily/credited monthly; can be withdrawn penalty free.
• Maturing Funds – Wire ($25 fee), cashier’s check to address on file, or internal transfer to an Achieva savings/checking account.
• Beneficiaries – Unlimited, with assigned percentages available. Social Security numbers required for all named beneficiaries.
• Grace Period – 10 calendar days before automatic renewal as an 18-month CD.
• Credit Check – Soft pull.

Credit Union Overview

Achieva Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.18% (excellent) based on December 31, 2022 data. In the past year, Achieva has increased its total non-brokered deposits by $207.54 million, an excellent annual growth rate of 9.27%. 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, with the Achieva Credit Union rebrand occurring in 2004. Achieva is currently Florida’s eleventh largest credit union, with more than 179,000 members and assets in excess of $2.6 billion.

How the 17-Month CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationally and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Achieva Credit Union 17-Month CD Special. The following table compares the 17-Month CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 3/31/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.