American Eagle Financial Credit Union (AEFCU) began the month by adding a new 14-month Certificate Special (1.50% APY). The 14-month Certificate Special requires a $1k minimum deposit, with a maximum deposit of $500k. In the past, AEFCU’s Certificate Specials have required new money, but CSR confirmed that funds already on deposit at AEFCU can be used.
The 14-month CD Special is also available as an IRA (Traditional and CESA) earning the same APYs. The Traditional IRA requires a $1k minimum opening deposit, while the CESA can be opened with $500.
A new or existing AEFCU checking account is required to qualify for the stated 1.50% APY. Both the My Checking and My Ultimate Checking accounts qualify for this promotion. The My Checking accounts has 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. (AEFCU’s My Basic Check account is excluded from the promotion.)
As stated on AEFCU’s Certificate Disclosure page, the Early Withdrawal Penalty reads as follows:
If your account has an original maturity of 18 months or less: The penalty we may
impose will equal 90 days dividends on the amount withdrawn subject to penalty.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 in person at any of 19 Connecticut branches located in Bloomfield, Cromwell, East Hartford (5), Enfield, Farmington, Glastonbury, Hartford, Manchester, Middletown, Newington, Plainville, South Windsor, Southington, Vernon, and West Hartford.
While some of AEFCU’s CDs can be opened online, the 14-month Certificate Special must be opened at a branch location.
Note: The Middletown and East Hartford locations are “in-plant” branches and are not open to the general public.
If you prefer a brick-and-mortar experience, the membership application can be downloaded to expedite the process.
Credit Union Overview
American Eagle Financial Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 6.49% (excellent) based on June 30, 2016 data. In the past year, AEFCU (NCUA Charter # 68659) has increased its total deposits by $32.02 million, an above average annual growth rate of 2.57%. Please refer to our financial overview of American Eagle Financial Credit Union for more details.
American Eagle Financial Credit Union 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 2nd largest credit union, with over 115,000 members and assets in excess of $1.4 billion.
How the Certificate Compares
When compared to the 245 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 14-month Certificate Special APY currently ranks first.
|Interest Rate||IRA Cert Length of Term||Credit Union/Bank|
|1.50% APY||14-Month Certificate Special||American Eagle Financial Credit Union|
|1.41% APY||12-Month Share Certificate||Garden Savings Federal Credit Union|
|1.30% APY||13-Month CD Special||HarborOne Bank|
The above rates are accurate as of 10/5/2016.