American Eagle Financial Credit Union (AEFCU) introduced a new 24-month Savings Certificate Promo (2.00% APY) this week. The 24-month Savings Certificate (CD) Promo requires a minimum deposit of $1K new money and there is a maximum deposit of $500K.
A new or existing AEFCU checking account is required to open this CD. AEFCU currently offers three checking accounts: Free Checking, My Checking and My Ultimate Checking. The Free Checking and My Checking accounts have no monthly service charge, and the My Ultimate Checking $20 monthly service charge can be avoided if a $25K combined average in monthly deposit and loan balances is maintained.
As stated on AEFCU’s Certificate Disclosure page, the Early Withdrawal Penalty (EWP) reads as follows:
If your account has an original maturity of 30 months or less: The penalty we may impose will equal 150 days dividends on the amount withdrawn subject to penalty.
Headquartered in East Hartford, American Eagle Financial Credit Union offers membership to individuals who live, work, worship, or attend school in the Connecticut counties of Hartford, Middlesex, New Haven, and Tolland.
Joining AEFCU can be done online, or at any of 20 Connecticut branches located in Bloomfield, Cromwell, East Hartford (6), Enfield, Farmington, Glastonbury, Hartford, Manchester, Middletown, Newington, Plainville, South Windsor, Southington, Vernon, and West Hartford. If you prefer a brick-and-mortar experience, the membership application can be downloaded to expedite the process.
While some of AEFCU’s CDs can be opened online, currently the 24-month CD Promo must be opened at a branch location.
Credit Union Overview
American Eagle Financial Credit Union has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 8.48% (excellent) based on December 31, 2014 data. AEFCU has an above average capitalization level of 9.80%, the result of having $1.36 Billion in assets with $132.86 Million in equity. Please refer to our financial overview of American Eagle Financial Credit Union for more details.
American Eagle Financial Credit Union (NCUA Certificate # 68659) can trace its beginnings back to 1935, when Pratt & Whitney Aircraft Employment Manager, Harry C Smith, and 14 fellow employees founded the East Hartford Aircraft Federal Credit Union. In the past 80 years, membership growth and expansion (including three name changes and two charter changes) has resulted in AEFCU becoming Connecticut’s largest credit union, with over 107,000 members.
How the Certificate Compares
When compared to other similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and available to Connecticut residents, American Eagle Financial Credit Union's 24-month Savings Certificate Promo currently ranks in the top position.
The above rates are accurate as of 4/4/2015.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.