AFFCU Brings Back Competitive 7-Month CD Special


Deal Summary: 7-Month Share Certificate Special, 5.70% APY, $1k minimum deposit, new money.

Availability: Easy membership requirement

Texas-based AFFCU has brought back its 7-Month Share Certificate Special with a new and improved 5.70% APY. This limited-time offer can be opened with a $1k minimum deposit of new money, which is defined simply as funds not currently on deposit at AFFCU. While a 7-Month Jumbo Share Certificate Special ($100k minimum) is also available, it offers the same 5.70% APY.

There is no specified end-date for the 7-Month Share Certificate Special, but the fine print on the landing page reads,

The 7-Month special offer is subject to end at any time without notice.

Early Withdrawal Penalty

As stated in the Truth-in-Savings Account Disclosure (part of the online application), the Early Withdrawal Penalty reads as follows:

The penalty we may impose will equal one half of the dividends that would accrue from the date of the withdrawal to the maturity date applying the contracted rate on the certificate based to the amount withdrawn over and above any dividends credited or accrued to the certificate to date of withdrawal.


Headquartered in San Antonio, Texas, the original Air Force Federal Credit Union field of membership (FOM) was primarily comprised of military and civilian employees of the Department of Defense.

Since 2012, membership has been open to all U.S. citizens and resident aliens, 18 years or older, with a valid Social Security number or Tax Identification number, who join the Airman Heritage Foundation.

Less than a year ago, joining the Dream Educational Foundation also became a qualifier for AFFCU membership.

As stated at the bottom of the AFFCU Membership Eligibility page,

You qualify for membership at AFFCU if you make a small one-time donation to either the Dream Educational Foundation [$10 donation] or the Airman Heritage Foundation [$25 donation].

The Airman Heritage Foundation supports the USAF Airman Heritage Museum and other heritage-related activities in preserving and honoring the history and heritage of enlisted airmen. The Dream Educational Foundation “opens doors to higher education through scholarships and grant programs to students and credit union professionals.”

Other ways to qualify for membership included residency, military affiliation, and family relationships.

You qualify for membership at AFFCU if you live, work (or regularly conduct business in), worship, or attend school, or have a business or other legal entity located within.

  • Qualified areas of San Antonio, Texas
  • Del Rio, Texas, and surrounding counties
  • Mississippi counties of Clay, Lowndes, and Oktibbeha

Eligibility Maps that detail the specific qualified areas are available on the AFFCU website.

Family members or persons who reside in the household of an existing AFFCU member or a person who qualifies for membership are also eligible to join.

Active-duty members, reservists, veterans, retirees, or dependents of a member of the U.S. Armed Forces or National Guard who live or work in Texas, Oklahoma, Arkansas, Louisiana, or Mississippi are also eligible for membership.

Account Opening

Joining AFFCU and/or opening a 7-Month Share Certificate Special can be done online or at any of six full-service Texas branches located in Del Rio, San Antonio (4), and Schertz. AFFCU also has a branch in Columbus, Mississippi.

Current AFFCU members can open a 7-Month Share Certificate Special by logging into Digital Banking, at any of the above-mentioned branch locations, or by calling 800.227.5328.

A $5.00 opening deposit into your AFFCU Savings Account establishes your lifetime membership and gives you a share of ownership.

Funding and Other Particulars

The following information was obtained in a conversation with CSR.

  • Funding – ACH, wire ($5 fee), internal transfer, check (if opening in-branch), or credit card ($1k max).
  • Ownerships – Individual, joint, or trust.
  • CO-OP Shared Branch Participant – Yes No (thanks, johnnyrotten).
  • Maturing Funds – ACH, wire ($15 fee), cashier’s check, or internal transfer into an existing AFFCU checking or savings account.
  • Dividends – Compounded/credited quarterly but cannot be withdrawn.
  • Grace Period – 10 calendar days before automatic renewal.*
  • Beneficiaries – Unlimited, equal shares, Social Security numbers required.

*In the event that the maturity date passes without the Term Share Certificate Account being renewed and the Certificate is not presented for payment on the maturity date, we may, at our option, transfer the funds in the Certificate Account to any Share (Savings) Account you have with us or any other Account of yours or, alternatively, pay the funds in the Certificate Account directly to you.

Credit Union Overview

AFFCU has an overall health grade of "B" at, with a Texas Ratio of 13.84% (above average) based on June 30, 2022 data. In the past year, AFFCU has increased its total non-brokered deposits by $36.9 million, an excellent annual growth rate of 7.16%. Please refer to our financial overview of AFFCU (NCUA Charter # 8169) for more details.

Established in 1952, the original Lackland Federal Credit Union was founded by ten Lackland Air Force Bank servicemen, each of whom contributed $5. By the end of the first year of operation, the membership had grown to 853 members, even though it operated on a part-time basis in a one-room “office” on the Lackland AFB.

Lackland FCU rebranded in 2002 as the Air Force Federal Credit Union. Following the 2018 merger with Local 142 Federal Credit Union, the credit union became known as AFFCU to reflect an expansion of the FOM beyond the military community. With more than 53,000 members and assets in excess of $644 million, AFFCU is currently the 53rd largest credit union headquartered in Texas.

How the 7-Month Share Certificate Special Compares

When compared to similar length-of-term CDs tracked by that are available nationally and have minimum deposit requirements of $10k or less, two banks and two credit unions have higher rates than currently offered on the AFFCU 7-Month Share Certificate Special. The following table compares the 7-Month Share Certificate 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 11/18/2023.

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

Related Pages: San Antonio CD rates, Columbus CD rates, 1-year CD rates, nationwide deals

  |     |   Comment #1
Just a correction: AFFCU no longer participates in the CO-OP Shared Branch Network, only the CO-OP ATM Network. I found that out the hard way when I tried to do my annual small transaction (to keep my share account "active") via Shared Branching a few months ago, and could not. Lesson: periodically check credit unions of which you're a member to make sure they still participate. I love Shared Branching, as it allows for same-day transfers to fund CD's. I've used it many times that way, even for IRA's. As an aside, I was recently informed by NASA FCU that they limit Shared Branch withdrawals (pulled using another C.U.) to $1500 per day, even if no cash or check is involved. Just an account-to-account transfer. Can anyone confirm this from personal experience? If true, kind of useless for many DA readers.
  |     |   Comment #2
"I've used it many times that way, even for IRA's."

Can you describe the kind of IRA transactions you do using shared branches?
  |     |   Comment #12
Reply to comment #2. Rollovers, provided the IRA application paperwork at the C.U. receiving the funds, if required, has been processed. Transfer the funds from an IRA to a non-IRA share account at C.U #1, use Shared Branching at your local participating C.U. to withdraw them from C.U. #1 and deposit them in a (non-IRA) share account at C.U. #2, then call C.U. #2 to have them move the funds from the share account to an IRA. I've closed matured IRA CD's at one C.U. and funded new IRA CD's at another within a few hours that way on a few occasions. Again, it's a rollover, so the "one-per-12-month rule" applies, unless doing a Roth conversion. For non-IRA CD's the process is much less cumbersome, as no paperwork to satisfy IRS regulations is involved. Hope this has been helpful.
  |     |   Comment #14
Clarification to comment #12: transferring funds from an IRA to a non-IRA share account will usually require some paperwork (physical or electronic) ahead of time, so while the Shared Branch part of the rollover can be quick, some planning ahead is necessary to complete the process in the few hours I mentioned.
  |     |   Comment #4
I had PRIMIS pull waaaay over that amount from my NASA FCU Shared Savings back in February
when I took an early CD withdrawal. Of course, PRIMIS isn't a credit union, but no one impeded
the ACH. I'm sure that could've easily been one of my credit unions instead.
  |     |   Comment #13
According to NASA FCU, they don't limit ACH withdrawals initiated through another F.I. The other F.I.'s limits apply. NASA's are $10k / day, $50k / week or month, if initiated through NASA. BTW, I wanted to test the Shared Branch limit, so I tried to withdraw more than $1,500 via Shared Branching this A.M., but the transaction wouldn't go through, even though it was an "interbank transfer" from them to my account at my local C.U. So, I've set up an ACH transfer to pull the funds out.
  |     |   Comment #5
Savers, you should count your blessings. Covid and inflation are 2 things that have a negative appearance face value, but when we look back in 10 years, it will be obvious that they were the best things to happen in a long time.
  |     |   Comment #6
One of the MOST stupid and ridiculous comments I have seen yet on DA. So in 10 years us savers can just basically look back and laugh about it and remember the good ol' days???? I take it you did not lose someone needlessly to Covid or know someone personally that has been suffering from long covid for months on end. I suppose me earing 5.50% has made up for that and the 3 years of paying $3.50 - $4.00 per gallon for two cars that are a necessity for us not, a luxury. Or the cost at the supermarket these past three years. Goes to show you how self centered and demented some people are.
  |     |   Comment #7
I appreciate your opinion. Thank you for responding.
  |     |   Comment #8
That's fine but I did not give you an opinion I gave you facts. So can you appreciate those as well??? the comments about Covid, gas prices, supermarket prices and about how self centered and demented some people are, are all facts. Here is an opinion, you should be F'ing embarrassed for making such a comment. That is an opinion.
  |     |   Comment #9
I appreciate all of your opinions, as everyone is entitled to state them in this fine country. Thank you for the friendly banter. God bless USA!

I even "thumbs up" voted for you.
  |     |   Comment #10
..... and there it is folks. Everyone is entitled to say whatever it is they want in this fine country without a second thought because they can hide behind the anonymity of the internet and the constitution. Freedom without responsibility - not a concept that you should want to surround yourself with.
  |     |   Comment #11
God bless you Lat.

Ive heard China and Russia are beautiful this time of year.
AFFCU Nationally Available 24-Month Jumbo CD Has Rate-Leading APY
Update 5/3/23: The 24-month CD rates have fallen by 50 bps: 4.85% APY, $100k min; 4.65% APY, $1k min.

Deal Summary: 24-Month Jumbo Certificate, 5.35% APY, $100k minimum deposit. 24-Month Certificate, 5.15% APY, $1k minimum deposit.

Availability: Easy membership requirement

Texas-based AFFCU is currently offering 5.35% APY on its 24-month Jumbo Certificate. As DA reader, Eil, pointed out in a recent Forum post, the 5.35% APY is “competitive for what’s out there at the moment.” While a Jumbo Certificate requires a minimum $100k opening deposit, AFFCU offers...

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AFFCU Adds Limited-Time Competitive 7-Month Promo Certificate
Deal Summary: 7-Month Promo Certificate, 4.50% APY, $1k minimum deposit, new money, limited-time offer.

Availability: Easy membership requirement

Texas-based AFFCU has introduced a 7-month Promo Certificate to the product line, with a competitive 4.50% APY. This limited-time offer can be opened with a $1k minimum deposit of new money, which is defined simply as funds not currently on deposit at AFFCU.

While there is no specified end-date, the fine print does state that the “7-month special offer is subject to end at any time without notice.” DA...

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AFFCU Offers Limited-Time Competitive 13-Month Promo Certificate
Deal Summary: 13-Month Promo Certificate, 3.50% APY ($100k min), 3.25% APY ($1k min), new money, limited-time offer.

Availability: Easy membership requirement.

For a limited-time, Texas-based AFFCU is offering a competitive 13-month Promo Certificate with tiered rates – 3.50% APY ($100k minimum deposit) and 3.25% APY ($1k minimum deposit). Both versions of the 13-month Promo Certificate require new money, which is defined simply as funds not currently on deposit at AFFCU.

While there is no specified end-date, the fine print does state that the “13-month special offer is subject...

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AFFCU Offers 18-Month CD Promo Rate For One Week
UPDATE 7/29/2022: As of today, the promotional rate for the 18-month Share Certificate is no longer available.

Deal Summary: 18-Month Share Certificate, 3.18% APY, $1k minimum deposit, new money, available July 25-31, 2022.

Availability: Easy membership requirement.

For one week, July 25-31, 2022, Texas-based AFFCU is offering a “sizzling summer rate” on its 18-month Share Certificate. Earning a market-leading 3.18% APY, the 18-month Share Certificate can be opened with a $1k minimum deposit of new money, which is simply defined as funds not currently on deposit at...

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AFFCU 2-Year CD Is A National Rate Leader
Deal Summary: 2-year Share Certificate, 2.30% APY ($100k), 2.25% APY ($25k), 2.20% APY ($12.5k), 2.15% APY ($2.5k), 2.10% APY ($1k).

Availability: Easy membership requirement.

DA readers who follow the bi-weekly CD Rates Summary may have noticed the 2-year national category has a new leader: the 2-year Share Certificate offered by AFFCU (the former Air Force Federal Credit Union). With a top rate of 2.30% APY ($100k), the 2-year Share Certificate rose to the top not because of a rate increase, but because XCEL FCU’s 24-month Promo CD...

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