5.65% 30-Month / 5.60% 18-Month CD at a TN/AR/MS Credit Union (American Savings)


American Savings Credit Union is having a CD special with some high rates. The certificate rates include a 5.65% APY for 30 months, a 5.60% APY for 18 months and 5.40% APY for 12 months. All have a $50K minimum deposit requirement. There's also a 5.50% APY 18-month CD and a 5.30% APY 12-month CD with only a $1K minimum deposit. The 18-month CDs have a one time bump up option.

Field of membership includes those who live, work, worship or attend school in the Tennessee counties of Memphis and Shelby, in the Arkansas county of Crittenden, or in the Mississippi county of Tunica. Please see the credit union's eligibility page for the full details. Membership requires a $5 membership fee and a minimum deposit of $5 into the savings account. The eligibility page also states that there are no credit checks when you open an account. It's nice to see that this credit union seems to be aware of people's concerns over hard credit pulls.

The credit union is federally insured by the NCUA (Charter # 68275). It has $53.0 million in assets and 17,701 members.
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