AmeriCU (NY) 18-Month CD Special Earns Up To 2.90% APY


Deal Summary: 18-month Certificate Special, up to 2.90% APY.

Availability: Residents of nine Central/Northern New York counties.

With the recent addition of a new 18-month Certificate Special (earning up to 2.90% APY), AmeriCU is continuing to offer competitive rates. The minimum opening deposit is $1k, with no stated balance cap.

Like all AmeriCU’s certificates, the 18-month Certificate Special offers tiered APYs, which are determined using the MemberPlus levels (Core, Flex/Connect, Connect Plus, and Partner). Each level adds approximately five basis points per level.

AmeriCU automatically qualifies Member accounts for the appropriate MemberPlus level. The products contributing to the total account balances are: savings, checking, money market savings, certificates, auto loans, signature loans and mortgage loans including home equity loans and lines of credit and first mortgages.

Other Certificates Worth Noting

AmeriCU’s short-term Certificates are available as Jumbo Certificates, requiring a $100k minimum deposit. Of the three Jumbo Certificates, the 12-month is the most competitive, with the MemberPlus levels determining the APYs.

In August, I wrote about AmeriCU’s longer term Certificates, following across-the-board rate increases. Those tiered rates are still in effect today.

  • 24-35 month, up to 3.00% APY
  • 48-59 month, up to 3.20% APY
  • 60-72 month, up to 3.30% APY

As stated on the Current Rates page, the Early Withdrawal Penalty reads as follows:

For accounts with terms of 12 months or longer, the amount of early withdrawal penalty for your account is all accrued dividends up to 180 days' dividends but not less than seven (7) days' dividends.

Note, partial early withdrawals are allowed, but the early withdrawal penalty is assessed on the entire amount of the CD, not the amount you're taking out early. Most credit unions assess an early withdrawal penalty on the amount withdrawn.


Headquartered in Rome, New York, AmeriCU’s field of membership (FOM) includes individuals who live, work, worship, or attend school in the New York counties of Cayuga, Cortland, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, and Oswego.

Employees of 22 AmeriCU Business Partners are also eligible to join, as are members of three associations – ABVINNY (Association for the Blind and Visually Impaired of Northern New York), ESF (State University of New York College of Environmental Science and Forestry), and NYSSA (New York State Snowmobile Association).

UPDATE 1/3/2020: According AmeriCU, "Members of ABVINNY, ESF, and NYSSA are not eligible to join the credit union, while employees of those organizations are." AmeriCU is in the process of removing the "I am a member of one of the following Trade Groups or Assocations" option from their online application.

Relatives and household members of current AmeriCU members or membership-eligible individuals are welcome to apply.

Complete and specific details are listed on the first page of AmeriCU's online application (time-sensitive, so I have not included a direct link).

Joining AmeriCU and/or opening a Certificate Special can be done online or at any of 20 New York branches located in Auburn, Camillus, Cazenovia, Cicero, Cortland, Fayetteville (2), Fort Drum, Herkimer, Liverpool, Lowville, Oneida, Rome (2), Syracuse (3), Utica, Watertown, and Yorkville.

You can open an account and become a member with just $5.

AmeriCU participates in the CO-OP Share Branch and,

is among 5,000+ Shared Branching locations that form a national network of Credit Union Service Centers. It’s a cooperative effort called shared branching that enables our members to make deposits, withdrawals, balance inquiries, transfers between accounts, and buy money orders at any participating credit union location.

Credit Union Overview

AmeriCU Credit Union has an overall health grade of "A" at, with a Texas Ratio of 5.86% (excellent) based on June 30, 2019 data. In the past year, AmeriCU has increased its total non-brokered deposits by $114.16 million, an excellent annual growth rate of 8.67%. Please refer to our financial overview of AmeriCU Credit Union (NCUA Charter # 68433) for more details.

AmeriCU Credit Union was chartered in 1950 as the Griffiss Employees Credit Union, exclusively serving civilian members of Griffiss Air Force Base in Rome (NY). Following two mergers, three name changes, and a change to a New York State charter, AmeriCU Credit Union emerged in 2000. AmeriCU is currently the 14th largest credit union in New York State, with nearly 135,000 members and assets in excess of $1.6 billion.

How the Certificate Special Compares

When compared to 201 similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, AmeriCU Credit Union’s 18-month Certificate Special APYs currently rank in the top four.

The above rates are accurate as of 12/12/2019.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Utica CD rates, Watertown CD rates, Syracuse CD rates, 1-year CD rates, 5-year CD rates


Tiger Woods
  |     |   Comment #2
I am resident next county over and not one of the Residents of nine Central/Northern New York counties. I did drive to the local branch 40 miles from me and they approved me with no problem and was really nice and professional! Handled all my requests promptly! Thanks to Brenda and Mary Ellen!
AmeriCU (NY) 60-72 Month CD Offers Up To 3.30% APY
Deal Summary: 15-month Share Certificate Special, up to 2.95% APY. Share Certificates – 24-35 month, up to 3.00% APY; 48-59 month, up to 3.20% APY; 60-72 month, up to 3.30% APY.

Availability: Residents of nine Central/Northern New York counties.

Bucking the trending of falling rates, AmeriCU has raised the rates on several of its Share Certificates. The 24-35 month requires a $1k minimum deposit, while the 48-59 and 60-72 require a $500 minimum deposit.

AmeriCU’s Share Certificates are tiered into four MemberPlus levels (Core,...

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Availability: Residents of the New York counties of Cayuga, Cortland, Herkimer, Jefferson, Lewis, Madison, Onondaga, and Oswego, and portions of Oneida County.

Last week, AmeriCU Credit Union (AmeriCU) raised the rates on all iterations of its 12-23 month Share Certificate (Regular and Jumbo), ranging from 1.30% APY to 1.55% APY. These new rates are the highest for the 12-23 month Share Certificates in five years.

The minimum deposit for Regular Share Certificates is $1k, with Jumbo Certificates requiring a $100k minimum deposit.

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AmeriCU Credit Union is offering several top CD and IRA CD rates, but there's a catch. The highest rates require the partner relationship. If you meet this requirement, you can qualify for a CD yield close to 3.00%. Some of the best CD rates include 2.98% APY for 5 years, 2.63% APY for 4 years and 2.38% APY for 3 years. Without any relationship, the rates are 50 basis points lower. These rates are listed in the credit union's rates sheet as of 11/16/2011.

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AmeriCU Credit Union is offering a competitive rates for its long-term CDs and IRA CDs. These include a 3.05% APY 5-year CD, a 2.70% APY 4-year CD and a 2.40% APY 3-year CD. Minimum deposit is $500. These rates are listed in the credit union's rates page as of 9/21/2010.

One nice feature about these CDs is a mild early withdrawal penalty. According to the certificate account disclosure:

The credit union has an online application for both membership and for opening new accounts. The first page of the membership application describes who...

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