Air Force FCU (Easy Membership) Offers Competitive 1-Year CD

POSTED ON BY

Availability: Easy membership through the Airman Heritage Foundation; Employees (military and civilian) of Department of Defense in Arkansas, Louisiana, Mississippi, Oklahoma, and Texas.

Earlier this week, Air Force Federal Credit Union (Air Force FCU) raised the rate on its 1-year Share Certificate (1.31% APY).

The minimum deposit to earn the 1.31% APY is $100k, with deposits below $100k earning an APY of 1.16%.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.16*%$100k-Air Force Federal Credit Union1 Year CD
1.16*%$100k-Air Force Federal Credit Union1 Year IRA (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of July 30, 2016.

There have been 14 rate changes for the 1-year Share Certificate in nearly five years, with this week’s increase resulting in the highest APY since August 2011.

The 1-year Share Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated in the Truth in Savings Account Disclosure (attached to 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the date of the withdrawal to the maturity date applying the contracted rate on the certificate based to the amount withdrawn over and above any dividends credited or accrued to the certificate to date of withdrawal.

Availability

Headquartered in San Antonio, Texas, Air Force Federal Credit Union's field of membership is primarily (and historically) comprised of military and civilian employees of the Department of Defense, but membership is open to all U.S. residents through the Airman Heritage Foundation.

A list of more than 40 organizations and companies that qualify for membership is available on the Air Force FCU’s website. The majority of these qualifying organizations are Department of Defense related and are located in Arkansas, Louisiana, Mississippi, Oklahoma, and Texas.

Joining and/or opening a CD with Air Force FCU can be done online or in person at any of eight Texas branches located in Del Rio, San Antonio (6), and Schertz.

Credit Union Overview

Air Force Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 5.36% (excellent) based on December 31, 2015 data. In the past year, Air Force FCU has increased its total deposits by $3.93 Million, an above average annual growth rate of 1.19%. Please refer to our financial overview of Air Force Federal Credit Union for more details.

Established in 1952, Air Force Federal Credit Union (NCUA Charter # 8169) takes pride in "being built from the ground up by Airmen volunteers." With more than 41,200 members and assets in excess of $364 Million, Air Force FCU has been named "Credit Union of the Year" (less than $1 billion in assets category) by the United States Air Force in 1996 and 2013.

How the CD Compares

When compared to the 143 similar length-of-term CDs tracked by DepositAccounts.com that are available nationally, Air Force Federal Credit Union’s 1-Year Share Certificate currently ranks third, regardless of minimum deposit requirement.

The above rates are accurate as of 4/9/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

Comments
john
john (anonymous)   |     |   Comment #1
the fed gave a bone or a dog biscuit with one qtr inc, after 10 years,now every meeting make one excuse after another,janet yellen is to scared, and cares only abt stock prices<EVER%HING IS BOOMING <HOUSING STRONG< AUTOS STRONG< INFLATION LOW < EMPLOYMENT FULL<AND SHE STILL SITS IN THE CORNER <SHE NEEDS TO BE REPLACED
Higher 1-Year CD Rates and Top 7-Year CD Rate at Air Force FCU

Air Force Federal Credit Union recently increased its 1-year and 2-year CD rates. Also noteworthy is that its 7-year CD rates remain very competitive. The credit union's top-tier 1-year and 2-year CD rates went up by 15 basis points. The Jumbo 1-year CD now has a 1.00% APY, and the Jumbo 2-year CD has a 1.10% APY. These require a $100K minimum deposit. The rates for deposits under $100K are 0.85% APY for 1-year and 1.00% APY for 2-year. The credit union's Jumbo 7-year CD yield is still 2.00%. For...

Continue Reading
Top Long-Term CD Rates at Air Force FCU - Easy Membership

It has become very difficult finding CD rates over 2.00% in this awful interest rate environment. That's even the case for long-term CDs with terms over 5 years. In the last few months, we have seen several credit unions that have cut their long-term CD yields to 2.00% or lower. One credit union that hasn't yet cut rates like this is Air Force Federal Credit Union. It's still offering a 7-year CD and IRA CD with a 2.25% APY for a $100,000 minimum deposit and a 2.20% APY for a...

Continue Reading
Competitive Long-Term CD Rates at Air Force FCU - Limited Membership

Air Force Federal Credit Union did something that's not common these days. It made some large rate increases on its share certificates. Its long-term CDs and IRA CDs are now competitive. The best ones include a 2.75% APY 7-year CD, 2.20% APY 5-year CD and a 1.60% APY 3-year CD. Minimum deposit is $100,000. For the 7-year and 5-year CDs, rates are 5 basis points lower for a $2,500 minimum deposit. These rates are listed in the credit union's rates page as of 1/19/2012.

The credit union's early withdrawal penalty is...

Continue Reading
Competitive 3-Year & 5-Year CD Rates at Air Force FCU - Limited Membership

Air Force FCU continues to offer competitive 3-year and 5-year CD rates. The best rates require a $100K minimum deposit and include a 3.00% APY 5-year CD and a 2.40% APY 3-year CD. For the 5-year CD, the rate only goes down by 5 basis points for deposits as small as $2,500. For the 3-year CD, the rates include a 2.35% APY for $25K, 2.30% APY for $12.5K and 2.25% APY for $1K. These rates are listed in the credit union's savings rates page as of 11/02/2010.

As a comparison, the...

Continue Reading
Special 18-Month CD at Air Force FCU and a Membership Eligibility Change

Air Force FCU has come out with a very competitive 18-month CD special. Rates range from 2.25% APY for a $100K minimum deposit to 2.00% APY for a $1,000 minimum. The following is a full list of the rates as listed in the credit union's savings rates page as of 7/5/2010:

  • 2.25% APY 18-month CD min $100,000
  • 2.20% APY 18-month CD min $25,000
  • 2.15% APY 18-month CD min $12,500
  • 2.10% APY 18-month CD min $2,500
  • 2.00% APY 18-month CD min $1,000

These same rates are also available for IRA certificates. The credit union's early withdrawal penalty...

Continue Reading

More Past Offers