American Eagle Credit Union 24-Month CD Rate Leaps

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Deal Summary: 24-month Certificate (3.25% APY), $1k min/$500k max deposit

Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut

Earlier this week, American Eagle Financial Credit Union (AEFCU) added 200 bps to its 24-month Certificate, boosting the APY to 3.25%. Last month, 285 bps were added to AEFCU’s 15-month Certificate, giving it a 3.15% APY that is still in effect. The minimum opening deposit for either Certificate is $1k, with a maximum deposit of $500k.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25%$1k-American Eagle Financial Credit Union24 Month CD
3.15%$1k-American Eagle Financial Credit Union15 Month CD
Rates as of January 19, 2019.

These substantial rate increases have rescued the two Certificates from rate oblivion, and have transformed them into rate contenders.

AEFCU Certificates are also offered as IRAs (Traditional, Roth, and CESA) earning the same APY. The Traditional/Roth IRAs can be opened with a $1k minimum opening deposit, while the CESA requires only a $500 deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25%$1k-American Eagle Financial Credit Union24 Month IRA (Traditional, Roth)
3.25%$500-American Eagle Financial Credit Union24 Month CESA
3.15%$1k$500kAmerican Eagle Financial Credit Union15 Month IRA (Traditional, Roth)
3.15%$500-American Eagle Financial Credit Union15 Month CESA
Rates as of January 19, 2019.

In the past, a checking relationship was required to open a CD with a promotional rate. There is no reference to a checking account for the 24-month Certificate, but there is fine print (marked with “**”) on the Certificate Rates page that mentions a required checking account. One problem – there is no “**” next to any Certificate listed on the Rates page. According to CSR, all the information listed in the fine print is the “default information” that stays on the page all the time, and may not necessarily apply. CSR assured me the 24-month Certificate does NOT require a checking account relationship.

CSR stated that the Early Withdrawal Penalty for the 24-month Certificate is “150 days dividends on the amount withdrawn.”

Availability

Headquartered in East Hartford, American Eagle Financial Credit Union field of membership (FOM) is residency based, with U.S. citizens and resident aliens who live, work, worship, or attend school in the Connecticut counties of Hartford, Middlesex, New Haven, and Tolland eligible to join.

Immediate family members or household members of current AEFCU members are welcome to apply.

Joining AEFCU and/or opening a Certificate can be done online, or in person at any of 18 Connecticut branches located in Bloomfield, Cromwell, East Hartford (5), Enfield, Farmington, Glastonbury, Manchester, Middletown, Newington, Plainville, South Windsor, Southington, Vernon, and West Hartford.

Note: The Middletown and four of the East Hartford locations are “in-plant” branches, and are not open to the general public.

Credit Union Overview

American Eagle Financial Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.85% (excellent) based on September 30, 2018 data. In the past year, AEFCU has increased its total deposits by $101.08 million, an excellent annual growth rate of 7.28%. Please refer to our financial overview of American Eagle Financial Credit Union (NCUA Charter # 68659) 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 83 years, membership growth and expansion (including three name changes and two charter changes) has made AEFCU Connecticut’s second largest credit union, with more than 138,700 members and assets in excess of $1.6 billion.

How the Certificate Compares

When compared to 285 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and available within the FOM, American Eagle Financial Credit Union's 24-month Certificate APY currently shares the top spot with Mutual Security Credit Union’s 22-month CD Special APY.

The above rates are accurate as of 11/30/2018.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of DepositAccounts.com.

Related Pages: Hartford CD rates, 1-year CD rates, 5-year CD rates

Comments
Top 15-Month CD At American Eagle Financial Credit Union
Deal Summary: 15-month Certificate (3.15% APY), $1k minimum deposit

Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut

American Eagle Financial Credit Union’s (AEFCU) 15-month Certificate rate skyrocketed to 3.15% APY earlier this week. The minimum opening deposit is $1k, with a maximum deposit of $500k.

The recent addition of 285 bps has transformed the 15-month Certificate from a nonstarter with 0.70% APY for more than seven years, to a rate contender.

The Certificate is also offered as an IRA...

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American Eagle Financial CU (CT) Ups 18-Month CD APY
Deal Summary: 18-month Certificate (2.25% APY), 6-month Certificate (2.00% APY), $1k minimum deposit, checking account required.

Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut.

At the end of last week, American Eagle Financial Credit Union (AEFCU) dramatically raised the rates on its 18-month Certificate (2.25% APY) and 6-month Certificate (2.00% APY). These limited-time offers require a $1k minimum deposit, with a maximum deposit of $500k.

The both Certificates are available as IRAs (Traditional and CESA) earning the same...

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American Eagle Financial CU (CT) Adds 14-Month CD Special
Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut.

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....

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American Eagle Financial CU (CT) Has $200 Checking Bonus
Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut.

Now through September 10, 2016, American Eagle Financial Credit Union (AEFCU) is offering a $200 bonus when opening a new AEFCU checking account.

$200 Bonus Requirements

As stated on the promotion page, the following conditions must be met within 60 days of account opening:

Limitations

  • New checking accounts must be opened between August 1 and September 10, 2016.
  • Members who have an existing checking account, or have had a checking account within the past 365 days, are not eligible...

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American Eagle Financial CU (CT) Has Top-Rate 24-month CD
Availability: Residents of Connecticut counties of Hartford, Middlesex, New Haven, and Tolland

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...

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