American Heritage FCU Has Nationally Available 48-Month CD (2.26% APY)

In the past ten days, American Heritage Federal Credit Union (American Heritage) has had two rate increases on its 48-month Share Certificate (2.26% APY), adding an addition 50 bps. This is the first rate increase for the 48-month Share Certificate in more than a year. The minimum opening deposit is $1k, with no stated balance cap.

The 48-month Share Certificate is also offered as an IRA (Traditional, Roth, and CESA) earning the same APY, with the same funding requirements.

As stated in the Truth In Savings document, the Early Withdrawal Penalty (EWP) reads as follows:

For accounts with terms of 36 months or longer, the amount of the
early withdrawal penalty for your account is 360 days' dividends.

4-Month CD/IRA 4.00% APY

For more than a year, American Heritage has featured a 4-month CD and IRA (Traditional, Roth, and CESA) that earns 4.00% APY. The minimum deposit is $1k of new money and there is a $2k balance cap.

The EWP reads as follows:

For accounts with terms of 11 months or less, the amount of the
early withdrawal penalty for your account is 90 days' dividends.

Availability

Headquartered in Philadelphia, American Heritage Federal Credit Union's field of membership (FOM) is wide, with residency, employment, and organization membership serving as qualifying criteria.

Easy Membership: Individuals who join the Kids-N-Hope Foundation ($15 donation) qualify for American Heritage membership.

Residency: Individuals who live, work, worship, or attend school in Philadelphia are eligible to join. American Heritage has expanded its residency FOM to include individuals who live, work, worship, or attend school in Ambler, Bensalem, Bridgeport, Bristol, Bryn Athyn, Butler, Cheltenham, Conshohocken, Fort Washington, Norristown, Penndel, Souderton, Southhampton, Tullytown, Villanova, and Warminster Heights.

Employment: Employees of over 700 Southeastern Pennsylvania SEGs are eligible for membership.

Relationship: Immediate family members (including step relations) of current American Heritage members are eligible to join.

Joining American Heritage can be done online, or in person at any of 29 Pennsylvania branches located in Bristol, Doylestown, East Norriton, Fairless Hills, Horsham (2), King of Prussia, Langhorne, Lansdale, Limerick, New Britain, Perkasie, Philadelphia (16), and Quakertown, or the sole New Jersey branch located in Bellmawr.

Share Certificates can be opened at any of the above mentioned branch locations. but are not listed on the online application, even though there is an “Open an Account” link. In a Live Chat, CSR stated “You are able open CDs ‘online’ via this live chat, in person, or by calling into our Contact Center at 215-969-0777.”

Credit Union Overview

American Heritage Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 6.95% (excellent) based on June 30, 2017 data. In the past year, American Heritage has increased its total non-brokered deposits by $160.24 million, an excellent annual growth rate of 12.3%. Please refer to our financial overview of American Heritage Federal Credit Union (NCUA Charter # 5621) for more details.

Founded in 1948, American Heritage Federal Credit Union’s original FOM was exclusively the employees of the Budd Manufacturing Company, a major supplier of body components to the automobile industry and a manufacturer of stainless steel passenger railroad cars. The name was changed to American Heritage in 1985 to coincide with the change in the FOM, and increase and diversity of affiliated companies. Today, American Heritage is the sixth largest credit union in Pennsylvania, with over 158,300 members and assets in excess of $1.9 billion.

How the Share Certificate Compares

When compared to the 166 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available nationally, American Heritage Federal Credit Union's 48-month Share Certificate APY currently ranks first.

The above rates are accurate as of 9/11/2017.

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