"Reach New Heights" With AgFed's 18-Month CD, 2.20% APY


UPDATE 9/4/2019 - Rate lowered to 2.20% APY.

Deal Summary: 18-month Certificate Special, 3.00% 2.20% APY, $1k minimum deposit.

Availability: Easy membership requirement.

AgFed Credit Union (AgFed) has a history of offering limited-time competitive CD rates and/or CD Specials. The latest is an 18-month Certificate Special, promoted as helping members “reach new heights” with a 3.00% 2.20% APY. The minimum opening deposit is only $250 and there is no stated balance cap.

The 18-month Certificate Special is also available as an IRA, earning the same 3.00% 2.20% APY with the same funding requirements.

As stated in the Truth-in-Saving disclosure, the Early Withdrawal Penalty reads as follows:

If the qualifying period is greater than 11 months but less than 60 months, the member shall forfeit an amount equal to the lesser of:

    (A) All dividends for 180 days on the amount withdrawn, or
    (B) All dividends on the amount withdrawn since the date of issuance or renewal.

There is a ten day grace period before the 18-month Certificate Special automatically renews.

I’d like to thank the DA reader who forwarded AgFed’s promotional email about the 18-month Certificate. Good rates are becoming harder and harder to find.


Headquartered in Washington, D.C., AgFed Credit Union’s field of membership (FOM) is wide and varied, allowing almost anyone in the U.S. with a valid Social Security number to join.

Easy Membership: Members of The Friends of the National Zoo or The Friends of the National Arboretum (one-time $20 donation) are eligible for membership. Joining either association and applying for AgFed membership can be done simultaneously, using the Credit Union’s online application.

Residency: Individuals who live, work, worship, or attend school in the District of Columbia also qualify for membership.

Employment/Affiliation: Any current or retired employee or member of more than 60 Select Employee Groups and organizations are eligible to join.

Family Relationship: Any person related by blood, adoption, or marriage to a current member (except relatives of members who have been expelled from the Credit Union) are welcome to apply.

Joining AgFed and/or opening a 18-month Certificate Special can be done online, by phone (202.579.2270), or at any of six full-service branches located in Washington, D.C. (3), Alexandria (VA), Beltsville and Riverdale (MD).

You will also be asked to make a $5 deposit into your savings account to establish your membership. That deposit is yours to withdraw should you decide to cancel your AgFed membership.

As a member of the CO-OP Share Branch and ATM Networks, AgFed provides its members with access to more than 5,000 shared branches and nearly 30,000 ATMs throughout the country.

You need convenient access to your accounts – we have a network of branches
and surcharge-free ATMs to ensure you can always access your money.

Credit Union Overview

AgFed Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.03% (excellent) based on March 31, 2019 data. In the past year, AgFed has increased its total non-brokered deposits by $14.38 million, an excellent annual growth rate of 4.96%. Please refer to our financial overview of AgFed Credit Union (NCUA Charter # 16400) for more details.

Originally established in 1934 as the Agriculture Federal Credit Union by United States Department of Agriculture, the Credit Union had a membership of 20 people and assets of $59.75 within a month of opening its doors. Eighty-five years later, AgFed Credit Union has more than 25,500 members and assets in excess of $341 million.

How the Certificate Special Compares

When compared to 158 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, AgFed Credit Union's 18-month Certificate Special APY currently ranks first.

The above rates are accurate as of 8/30/2019.

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

Related Pages: Washington CD rates, 1-year CD rates, nationwide deals

  |     |   Comment #1
Applied online, easy application, when I chose the 18month CD it only allowed a maximum of 100k.
  |     |   Comment #9
They requested upload of passport and drivers license. Completed and still had not heard back from them. Called today, customer service was overwhelmed, used auto call back, 1st rep I spoke with was clueless and a bit rude. I called back, asked for a supervisor, and was connected with one, who apologized that they were running behind in processing approvals. Gave me my account # over the phone, assured me the advertised rate of 3% was applied, I was able to easily sign on to the online banking to verify all that was correct info. Glad to have gotten this, since it didn't last long, rate dropped significantly.
  |     |   Comment #15
The saga goes on. I gave them the funding account during the app process, they never pulled the funds. I called Saturday to discuss with them, and was told, it was in process. Today, I received a call stating they had not received funding. When I asked why they didn't pull the funds, they said 'they don't do that'? Really, then why did you ask for a funding account. So, I had them send me an email stating they would not be pulling, and now I am sending a wire. This was very frustrating. Sounds like one hand does not know what the other is doing. Hopefully, there will be no more hiccups.
  |     |   Comment #2
I have an existing CD with AgFed and it's gone well. I just spoke to them on the easiest way to open this offer as an existing customer and it was comically backwards but doable. You basically need to open a new savings account - transfer your CD funds to it - contact them to open the CD. Fairly standard. The max you can transfer to the new savings account will be $100K. If you want to open the CD with more you'll need to repeat the process and open a second new savings account which will then give you another $100K to work with. Repeat opening new savings accounts until you reach the dollar amount you desire. Once you're done - call them and they will consolidate all your new savings funds into one CD and close the new accounts for you. Again, comically backwards in my eyes! Best part - I already have an existing savings account with them so you'd think I could use it for the first $100K transfer but they cap existing accounts at $2,500 so it's useless. I forgot how silly some CU's can be with their procedures! But... I'm ready to lock in 3% and I made it through this process once so here we go!
  |     |   Comment #3
Easy process. During the process they stated they were going to ask identification questions but they didn't. Application for 18 month approved. They will call when account is opened.
  |     |   Comment #6
Did you just join by relying one of the 'Friends of" non profits for membership? And if so, are the funding options via ACH straightforward?
  |     |   Comment #4
Navy Federal Credit Union as of today 08/30/2019 still showing 18 month certificate at 3.00% with 1k minimum deposit, but eligibility requirements for membership are more restrictive.
  |     |   Comment #5
Thanks for the heads up. I didn't want another 5 year CD and 18 Mo CD will fill the gap. Will be calling them tomorrow. The CSRs are very helpful at Navy too.
  |     |   Comment #7
Website now showing 2.2% for the 18mo non-IRA CD. The IRA CD is still showing 3.00%.
  |     |   Comment #8
I was able to open one at 3% today as they had already talked to me but did confirm the promo is no longer valid on 3% non-ira
  |     |   Comment #10
I called yesterday to get some details on opening via CS or online. Was told I could do it and have it funded during the opening. Tried today, and rate was not available. Call CS and they told me it ended yesterday .... although no one told me while I was the phone with them yesterday.

BUT, to their credit, they did open it when I did a share branch deposit today. So not happy on how it was handled, but they did come through in the end.
  |     |   Comment #11
Wow, that sure didn't last long!
  |     |   Comment #14
When some offers hit a certain dollar amount they stop offering CD specials.

A few years back I opened a CD with Xcel CU at a great rate. The rep told me that once they hit 21 million in deposits the offer would be ended
  |     |   Comment #12
For those of you that were quick enough to act on this and establish a new membership between August 26 and September 3, they were running a coincident promo offering a $25 bonus (1099 INT). It was mentioned on the website under a 2019 Labor Day Special, along with this 3% certificate account. It also applies to any current member who referred a 'new' member during the same stated time period, in which case both parties would get $25 (states unlimited referrals). Procedure to collect bonus is send email with First Name, Last Name and Phone Number to [email protected] after membership has been established. Incentive to be paid within 14 days of verification.
  |     |   Comment #13
I thought about this, but not really that hard. I've been an AgFed customer for a while - they've a long history of fairly short-lived offers, which of course is their right. I still have several of their 2.4% No-Penalty CDs, first offered in 7/18 and not maturing until 1/21. The extra yield (3.0% vs. my current 2.4%) was for me not worth the give-up in liquidity, since I already have add-on CDs set up at various durations for 3 - 3.5%. Besides, there's always Navy (at least for now).
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Availability: Easy membership requirement.

In October, AgFed Credit Union (AgFed) introduced a limited-time 21-month Certificate Special (3.20% APY). It was definitely a limited-time offer: it was available for one week. AgFed has brought the 21-month Certificate Special back as another limited-time offering, but at a lower rate of 2.90% APY. New money (defined as “funds not held in existing AgFed accounts”) is required, with a minimum opening deposit of $1k. Unlike...

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AgFed Credit Union Adds 21-Month CD Special
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Deal Summary: 21-month Certificate Special, 3.20% APY, $1k minimum deposit, new money.

Availability: Easy membership requirement.

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Availability: Easy membership requirement.

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When AgFed states this is a “limited-time offer,” they are serious: previous limited-time offers have been available...

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Availability: Easy membership requirement.

AgFed Credit Union (AgFed) is again offering its 30-month No Penalty Share Certificate, with an improved 2.40% APY. This new APY is 55 bps higher than was offered in September. As before, this is a limited-time offer that requires new money. The minimum opening deposit is $1k, with no stated balance cap.

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UPDATE 9/20/17: The 30-Month No Penalty CD has ended and is no longer available effective 9/20/17.

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Availability: Easy membership requirement.

In March 2017, AgFed Credit Union (AgFed) brought back its 30-month No Penalty Certificate for a limited time. AgFed is again offering the No Penalty Certificate (1.85% APY), with a rate 30 bps higher than the March offering. As before, this is a limited-time offer that requires new money. The...

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