4.25% 12-Month CD (and up to 4.45%) at Addison Avenue FCU - Easy Membership


Addison Avenue FCU has a certificate promotion with a yield of up to 4.45% APY for a 12-month term. This applies to an IRA certificate with a $500 minimum or a Jumbo certificate with a $100,000 minimum deposit. The 12-month yield for a regular certificate with a $500 minimum is 4.25% APY. There's also a special 34-month certificate with a yield of 4.50% APY. This 34-month certificate requires a checking account. Certificates can be opened online for both new and existing members. They can also be opened at a branch.

Addison Avenue FCU also has a good deal on a reward checking account that pays 5.25% APY on balances up to $25,000. Please refer to my July 2008 post for more details.


Credit union membership is open to members of the Financial Fitness Association (FFA). Anyone is eligible to join FFA. The membership cost is $5, and the application can be done online and paid with PayPal.

Credit union membership is also open to many select employee groups including employees of Hewlett Packard. For more details please refer to the credit union's Membership Eligibility Page. Membership requires a minimum balance of $5 in the Share Savings Account. An online membership application is available.

Application Note

A few readers reported being denied membership when they applied at Addison Avenue FCU. It appears the application will reject you if you had too many recent ChexSystem inquiries. When you open an account at a bank or credit union, a ChexSystem inquiry is often done. So if you have opened several accounts in the last 3 months, this could cause your credit union application to be denied.


Since the credit union started as the credit union for HP employees, it has branches located in several parts of the country including Puerto Rico, Georgia, Massachusetts, Idaho, Colorado, Oregon, California, Texas, Washington State and Delaware.

Addison Avenue FCU is federally insured by the NCUA (Charter # 19976).
Anonymous   |     |   Comment #1
Sounds like a good deal to me. Since this is a credit union and not a bank, it should be quite safe and worry free as far as going belly up is concerned. I like that.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
Yup, Addison Avenue FCU seems to be financially healthy like many CU's that didn't participate in subprime mortgages or other risky loans. They have a 5-star rating at BauerFinancial.

I just posted on another easy-to-join CU (NASA FCU) with a decent 1yr CD yield that also seems to be doing well financially.
Anonymous   |     |   Comment #3
I just tried to open an account with Addison Avenue Credit Union online. I had previously called their CSR to ask questions. Don't believe anything they tell you. They don't train their people. The CSR said I could have an account opened by the next day using the online system. Wrong! They said I could fund the account with my Visa account with no fees! Wrong! They may have good rates but their consumer service is way below par.
3.01% Reward Checking Account at Addison Avenue FCU - Easy Membership
Update 1/07/10: The yield has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.

Addison Avenue FCU is offering a reward checking account that pays 3.01% APY on balances up to $25,000 (1.01% for above) and provides unlimited nationwide ATM refunds if the following monthly requirements are met:
  • 12 debit card purchases
  • one direct deposit or recurring monthly debit
  • receive electronic statements
If these are not met, the rate falls to 0.05%. The initial minimum deposit is $25. There are no minimum balance requirements or monthly service charges.

Credit union...

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$100 Checking Account Bonus at Addison Avenue FCU - Easy Membership
Addison Avenue Federal Credit Union has a $100 checking bonus offer in which you can earn $100 for opening your first Addison Avenue checking account with direct deposit. The offer ends on January 31, 2008. The bonus will be credited to your account by February 29, 2008.

Both the Checking Plus or Premier Checking accounts qualify. The Checking Plus is a free checking account with no monthly fees. Bill pay is free and for members 50 and over, checks are free. Premier Checking has a $15/month fee unless you maintain a...

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