American United FCU Offers Bump Option 60-Month CD


Availability: Residents of Salt Lake and Tooele Counties, Utah; employees of 20+ SEGs; relationship with the Morongo Band of Mission Indians.

American United Federal Credit Union (America United) has a 60-month Share Certificate (2.30% APY), which also has a Bump Option or an up-front 0.10% rate increase. The minimum opening deposit is $500, with no stated balance cap.

As stated on American United’s Deposit Rates page,

36 to 60 months regular certificates have a “Bump Option,” allowing a
one-time rate change (to current published rates) during the life of the certificate.
The bump can be waived up front in exchange for an additional 0.10% rate increase.

2.30%$500-American United Federal Credit Union60 Month Share Certificate
2.30%$500-American United Federal Credit Union60 Month IRA (Traditional, Roth, CESA, SEP)
Accounts mentioned in this post. Rates as of February 21, 2017.

The 60-month Share Certificate is also available as an IRA (Traditional, Roth, CESA, and SEP), earning the same APY with the same funding requirements.

As stated in the Truth In Savings document (attached to online application), the Early Withdrawal Penalty reads as follows:

The penalty we may impose will equal 180 days dividends on the amount withdrawn subject to penalty.

Thanks to DA reader, cumulus, for his Forum post about the 60-month Share Certificate.


Headquartered in West Jordan, Utah, American United Federal Credit Union’s field of membership (FOM) is primarily residency based.

Residency: Individuals who live, work, worship, volunteer, attend school, or “associate” in Salt Lake and Tooele Counties are eligible to join.

Employment: Employees, volunteers, and relatives of employees of more than 20 SEGs qualify for membership. A complete list of these SEGs is on the first page of the online application.

Other: Members, tribal administrators, and employees of the Morongo Band of Mission Indians qualify for membership.

Joining American United and/or opening a CD can be done online, or at any of eight Utah branches located in Draper, Kearns, Salt Lake City (4), Sandy, and West Jordan, or the Cabazon, California branch.

Credit Union Overview

American United Federal Credit Union has an overall health grade of "A+" at, with a Texas ratio of 2.70% (excellent) based on March 31, 2016 data. In the past year, American United has increased its total assets by $3.4 million, an above average annual growth rate of 2.22%. Please refer to our financial overview of American United Federal Credit Union for more details.

American United Federal Credit Union is currently Utah’s 13th largest credit union, with more than 18,000 members and assets in excess of $178 million. Founded in 1952 as the Fort Douglas VA Hospital Federal Credit Union, American United has grown to become a “Family of Credit Unions,” through seven mergers that occurred between 2007 and 2014. The credit unions that have joined American United are Blues Plus FCU, First Californian, Big Valley FCU, VAF FCU, Credit Union One, Newspaper Employees CU, and Deseret New Employees CU.

How the Share Certificate Compares

When compared to the 181 similar length-of-term CDs tracked by, which require a similar minimum deposit and are available to residents of Salt Lake and Tooele Counties, American United Federal Credit Union's 60-month Share Certificate APY currently ranks first.

The above rates are accurate as of 7/29/2016.

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

Top CD Rates with Flex Options at American United Family Of CU in Utah

A few institutions around the nation offer CDs with some slight variations. They give the depositor more flexibility, but they often come with the price of a lower rate. A good example of an institution offering these flexible CDs is American United Family of Credit Unions. In addition to the standard CD, it offers a flex option CD which allows 1 quarterly withdraw with no penalty. The tradeoff for adding this option is a reduction of 0.25% from the standard rate. It also offers a bump option which provides a...

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