AmeriCU (NY) Raises Rates On All 12-23 Month CDs


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.

AmeriCU’s Share Certificates are tiered into four MemberPlus levels (Core, Flex/Connect, Connect Plus, and Partner), with APYs increasing by 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.

The 12-23 Month Regular Share Certificates are also available as IRAs (Traditional, Roth, and CESA) earning the same tiered APYs, with the same funding requirements.

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

For accounts with terms longer than 12 months, 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.


Headquartered in Rome, New York, AmeriCU Credit Union offers membership to individuals who live, work, worship, or attend school in the New York counties of Cayuga, Cortland, Herkimer, Jefferson, Lewis, Madison, Onondaga, and Oswego. Portions of Oneida County are also included in AmeriCU's "Community Footprint," with 33 Zip Codes excluded.

AmeriCU also offers membership to family members (lineal ancestors and descendants) and household members of current AmeriCU members and eligible non-members.

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 CD can be done online or at any of 18 New York branches located in Auburn, Camillus, Cazenovia, Cicero, Fayetteville, Fort Drum, Herkimer, Liverpool, Lowville, Oneida, Rome (2), Syracuse (3), Utica, Watertown, and Yorkville.

Credit Union Overview

AmeriCU Credit Union (NCUA Charter # 68433) has an overall health grade of "B+" at, with a Texas ratio of 5.34% (excellent) based on December 31, 2015 data. In the past year, AmeriCU has increased its total deposits by $10.37 Million, an above average annual growth rate of 0.91%. Please refer to our financial overview of AmeriCU Credit Union for more details.

AmeriCU Credit Union was chartered in 1950 as the Griffiss Employees Credit Union, serving only civilian members of Griffiss Air Force Base in Rome. Following two mergers, three name changes, and a change to a New York State charter, AmeriCU Credit Union emerged in 2000. Today, AmeriCU is the 13th largest credit union in New York State, with more than 100,900 members and assets in excess of $1.3 Billion.

How the CD Compares

When compared to the 214 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to New York residents, AmeriCU Credit Union’s 12-23 Month Partner Share Certificates (Regular and Jumbo) currently rank first.

The above rates are accurate as of 3/30/2016.

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

Related Pages: AmeriCU, Utica, Watertown, Syracuse, IRA rates

Disapointed   |     |   Comment #1
Update your site the Rates are as of 3/30/16!!!!
jnetbleh   |     |   Comment #3
That's because this article is from 3/30/16. If you click on the "credit union information page" on the banner at the top of the page, it will direct you to the page with the most up-to-date rates for the credit union.
???   |     |   Comment #2
Due diligence is always on the seeker
Competitive CD and IRA CD Rates at AmeriCU in New York - Local Only

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.

The credit union doesn't make it easy...

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Competitive Long-Term CD and IRA CD Rates at AmeriCU in NY

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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