Andrews Federal Credit Union Adds 17-month CD Special, 2.95% APY


Deal Summary: Special 17-month Share Certificate, 2.95% APY, $1k min/$250k max deposit, limit of one certificate per member.

Availability: Easy membership requirement

Andrews Federal Credit Union (Andrews Federal) has been busy in the past year, issuing a series of Special Share Certificates. The latest addition to the product line is the Special 17-month Share Certificate, which earns 2.95% APY. Like all of Andrews Federal Special Share Certificates, the 17-month requires a $1k minimum opening deposit and is capped at $250k. Each individual member is limited to one Special 17-Month Certificate.

2.25%$1k$250kAndrews Federal Credit Union17 Month Certificate Special
Rates as of November 13, 2019.

As stated in Andrews Federal's Truth-in-Savings document, the Early Withdrawal Penalty (EWP) reads as follows:

If your account has an original maturity date of less than
24 months, we will charge a penalty equal to 90 days of dividends.

Thanks to DA reader, miser, for the Forum post about the new Andrews Federal Special 17-month Share Certificate.

Short-Term Certificates

Andrews Federal has been offering very competitive short-term Certificates for the past ten months. DA members who regularly read the bi-weekly CD Rates Summary have seen Andrews Federal’s 8- and 9-month Certificates near or at the top of the “Under 1-Year CD Rates” category. While the 9-month Certificate is no longer offered, the 8-month Certificate is still available.

2.05%$1k$250kAndrews Federal Credit Union8 Month Certificate Special
Rates as of November 13, 2019.

84-month Certificate Special

Andrews Federal's 84-month Certificate Special continues to earn 3.45% APY. Added to the product line in January, this Special has become more attractive for the most basic of reasons: interest rates may have peaked for this cycle. If rates should drop in the next few years, your investment will continue to earn 3.45% APY through 2026.

3.05%$1k$250kAndrews Federal Credit Union84 Month Certificate Special
Rates as of November 13, 2019.

As stated in the fine print (footnote 4) on the Special Certificates Rate page, the Early Withdrawal Penalty reads as follows:

The Special 84-Month Certificate has a penalty equal to 360 days of dividends.


Headquartered in Suitland, Maryland, Andrews Federal Credit Union’s field of membership includes virtually all U.S. citizens and resident aliens with a valid Social Security number.

Easy Membership Requirement - Members of the American Consumer Council (ACC) are eligible to join Andrews Federal.

Note: Andrews Federal's online application asks for your ACC membership number; in other words, you must join ACC prior to joining Andrews Federal. As stated in the online application, “You can join ACC at no charge by using the promo code – Andrews."

Residency - Individuals who live, work, worship, or attend school in Washington, D.C. qualify for membership.

Military Relationship - Civilian and military personnel of Joint Base Andrews, Joint Base McGuire-Dix-Lakehurst, and military installations in central Germany, Belgium, and The Netherlands are also eligible to join.

Employment/Association - More than 200 groups in Maryland, New Jersey, and Virginia offer Andrews Federal membership as an employee benefit.

Family Membership - Immediate family members (spouse, child, sibling, parent, grandparent, or grandchild) of an existing member, or household members of an existing member are eligible to join.

Joining Andrews Federal (minimum $5 deposit in the Base Share Savings Account) and/or opening a Special Certificate Special can be done online, or at any of ten U.S. branches located in Maryland (3), New Jersey (3), Virginia (2), and the District of Columbia (2). Andrews Federal also has branches associated with military bases in Germany, The Netherlands, and Belgium.

Andrews Federal participates in the CO-OP Share Branch Network, providing its members with access to more than 5,000 branch locations and nearly 3,000 ATMs.

With shared branching, credit unions from all over the country share facilities to give members convenient locations to perform transactions just as if they were in their home credit union.

Credit Union Overview

Andrews Federal Credit Union has an overall health grade of "A" at, with a Texas ratio of 3.84% (excellent), based on December 31, 2018 data. In the past year, Andrews Federal has increased its non-brokered deposits by $127.38 million, an excellent annual growth rate of 9.54% APY. Please refer to our financial overview of Andrews Federal Credit Union (NCUA Charter # 5754) for more details.

Andrews Federal Credit Union was established in 1948, when eight individuals each deposited $5 to form a credit union that would address the personal financial needs of military and civilian personnel at Andrews Air Force Base. Seventy-one years later, Andrews Federal is Maryland’s fourth largest credit union and the 150th largest credit union in the country, with more than 128,500 members and assets in excess of $1.7 billion.

How the Special Share Certificate Compares

When compared to 175 nationally available similar length-of-term CDs tracked by that require a similar minimum deposit, Andrews Federal Credit Union's Special 17-month Share Certificate APY currently ranks second.

The above rates are accurate as of 4/19/2019.

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

Related Pages: New York CD rates, Philadelphia CD rates, Washington CD rates, Columbia CD rates, St. Louis CD rates, Abilene CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

willy12   |     |   Comment #1
A couple of typos on this post...twice saying its an 18 month instead of 17.
(In the title and the table at the bottom)

I had pretty much resigned myself into having to go for another 9 month at 2.75% so I was not unhappy to see this new deal come along. I had hoped for an 18-24 month somewhere at 3.25% but one did not materialize like I hoped so the 2.95% 17 month withOUT opening a new account was enough to keep me from transferring out for a measly .05% improvement at USALLIANCE.

I hope Andrews comes up with something new & good to replace the 8 month when it matures on 8/26.
Ken Tumin
Ken Tumin   |     |   Comment #2
Thanks for catching the typos. They have now been fixed.
Navy Fed
Navy Fed   |     |   Comment #3
What about the Navy 17 month 3.25% deal which may end at the end of April? Need a military tie to get in.
Someone   |     |   Comment #12
I don't get it. Why when you get the list of 18-month CDs, does the Navy Federal CD not appear? I just checked the list and didn't see it.
tosomeone   |     |   Comment #14
Choose Advanced options, then choose "govt/military"
Someone   |     |   Comment #16
Thank you I'll try that. But I think it's important to be able to show a single list, with every option on it, preferably by default. then the user should be able to filter out what they don't want to see. This seems awkward and if you set the "States" to "All" the assumption is that it shows all options in all states. But apparently it doesn't.
Jean   |     |   Comment #4
Trying to open a new account, have to start with their basic savings acct. Website says $10,500 transfer is the max amount. Is that per day? How do I fund the 17 month CD with 50k. Thanks.
Bob   |     |   Comment #6
If you initiate the transfer as an ACH push from an external bank, you can exceed that limit.
Mak   |     |   Comment #7
Jean.... you can use a shared branch to deposit the money.
jimdog   |     |   Comment #5
I believe Navy FED has a 3.25 percent 17 month add to CD.
Jean   |     |   Comment #8
Thanks guys, and jimdog. Andrews is good, but the Navy FCU appears to be a little more convenient and there's a branch not too far from me. I'm grabbing the 6 month cd @ 3%, and the 17 months @ 3.25%. Thanks.
Andy Andrews
Andy Andrews   |     |   Comment #9
I have CDs at Andrews. They can be a pain to deal with sometimes, very backwards systems and when you call them, there's not even an option to speak to a live person unless you cheat and press for "business." They do have good specials from time to time though, so it's probably worth getting a membership at some point, though you'll have to decide if this CD here is worth the hassle of membership if you don't already have it.
Andrews Member
Andrews Member   |     |   Comment #10
I have had CD's with Andrews since 2016 and I have always been able to call and reach a live CSR without doing anything unusual. The hold times tend to be long if they are running a special deal (25 minutes). However, they offer you a callback option after a few minutes on hold, which I selected on on several occasions. Each time, they called me back within an hour.
Nick11   |     |   Comment #11
Am a member of both Andrews FCU and Navy FCU. You never know when they will have good specials. Love Navy's add-ons. Only had very excellent service with both. It's really helpful to already be a member instead of scrambling at the last minute to join.
Jean   |     |   Comment #13
Was all ready to go, then saw the restrictions and policies on ACH transfers with those two credit unions. That's not to say there's anything wrong with Andrews or Navy. I just like things very simple and easy to operate. I'll be loading up on more NPCDs (2.50%) and 1-yr CDs (2.80%) at Purepoint. Easy in/Easy out, no hassles, fast big transfers, and excellent quick customer service (if needed). I better stick with what I'm familiar with. I'm old & cranky. :)
123   |     |   Comment #15
If you have an account at Navy, but not a checking account, all you have to do is call them on the phone and they will do an ACH for you from another bank to open a CD. Or, you can always mail them a check or have them mail you a redemption check when the time comes. It is possible to work with them without a checking account, the easier/fastest way is via phone call.
willy12   |     |   Comment #17
I use Andrews and shared branch deposits. Only had one mature and I just rolled it over rather than transfer it out.

Besides, those transfer limits almost never apply if pulling from an outside source.

Some say you can get a check from a shared branch too but I have not yet tried that.
Jean   |     |   Comment #18
I finally caught up to the electronic age, and now prefer to do most everything online. It's especially nice for older folks with mobility issues, or those who don't (or rarely) drive. I find it odd that so many banks & credit unions are still mailing out paper checks (for monthly interest) or insisting that forms or letters be mailed in to make some simple account changes. Now I'm spoiled, and prefer the full-service "online" experience without having to call customer reps or wait for mail to come. Perhaps too picky, I know.
willy12   |     |   Comment #19
I get out 4-6 days a week for exercise and stopping by a CU on the way home is fairly easy and instead of losing 1-3 days interest waiting for an ACH, I tend to gain 1-3 days interest waiting for the check to clear. On $150k, using 2.50% it comes out to about $10.27 per day. Using 2.95% its $12.12.
But, I certainly understand the convenience factor too.

I guess mobile check deposit may work too but I don't use a smart phone and am not good at scanning & downloading so I have never done that with a check.

I guess Im going to have to get a smart phone one of these years. If only for home use on wifi. Can't see myself springing for $30-60 a month when I almost never need it.
rabbiter   |     |   Comment #20
I finally gave up trying to open up their special 6-month 3.25% CD after applying initially on 2/25/19 and they were still "back-logged" on 4/9/19. I called them numerous times to get the status of my application and always had to wait 30 minutes or longer to speak to a live person. I will take my $ elsewhere.
willy12   |     |   Comment #21
When i first opened my Andrews account, I think for a 2.75% 9 month just over 9 months ago, I could not get them to answer or call me back that day but I sent an secure messages with my intentions. They opened the CD the next day. But I lost a days interest so I asked them to backdate it a day and they did.
When I needed to roll over to a new cd last week they called me back within 10 minutes.

I did the 3.25% too. That day I think it took 30-45 minutes for them to call back.
I've found many CUs will make amends of their problems cause you to be unable to take advantage of a deal. You have to ask of course.
IMHO   |     |   Comment #22
In my opinion, the whole purpose of doing online banking is to laregely decrease or completely eliminate any paperwork, and or the need to call customer reps.

As established customers:
We should easily be able to add, change, or remove beneficiaries.
Direct or change where we want the monthly interest to go.
Direct or change what we want to do with the cd before maturity.
Make easy ACH withdrawals or additions to our savings account, without the ridiculous limits.
Open and close new accounts easily, without having to make phone calls or mail letters.
Easily find our year-end tax form.
Easily set up or change linked bank and ACH information.
And many more.

I understand the security concerns, but after we are established as members the online functions should be a walk in the park.
Yu   |     |   Comment #24
Anyone tried to negotiate a good new rate with Andrews for the maturing CD?
willy12   |     |   Comment #25
Did not even try. Although a rep did tell me they would remove their limit of one for their CDs now that the rates dropped.

I initiated my wire out about 90 minutes ago. She said someone else would call me back first for security and that the wire should go out by 3pm.

I had hoped to have it sooner so I could drop off a shared branch deposit for more and open my 30 month at Keesler.
willy12   |     |   Comment #26
She said wires out were free because I was "platinum" but Im not sure what dollar amount earns platinum status and I did not see any mention of it on their website.
willy12   |     |   Comment #27
They called back to confirm the wire but still could not tell me when, other than by 3pm.
willy12   |     |   Comment #28
Keesler still has not gotten it. Said usually between 1pm and as late as 3:45pm is when they would post. My past wires were faster so Im concerned that someone might be trying to keep my money for a day without paying interest. Its left the Andrews account.

Keesler said their call center is open until 6pm central. My local shared branch closes at 5pm. I have to deposit a check so I have enough for a Jumbo and I am waiting for it to stop raining here...which might be around 3...hopefully.

Interest on the $85k is about $7.50 a day.
#29 - This comment has been removed for violating our comment policy.
Yu   |     |   Comment #30
I did the wire(1PM ET) after you did. My bank already got the fund.
Strawberry Tart
Strawberry Tart   |     |   Comment #31
Kessler has a $20 incoming wire charge.
willy12   |     |   Comment #33
They told me there was no incoming wire fee and they did not charge me one.
willy12   |     |   Comment #32
They finally got mine at about 4:10. They do NOT charge an incoming wire fee because I asked that before I did it and I can see there is no charge.

I never had a wire transfer take over 8 hours before so that concerned me.

Keesler also does not have a wire out fee for customers over 50 with large account balances.
Andrews Federal Credit Union Has 6-Month CD (3.25% APY) For One Week
UPDATE 2/25/2019: The Special 6-Month Share Certificate can now be opened. There’s an online application link at the credit union’s Special Offers page.

Deal Summary: Special 6-month Share Certificate, 3.25% APY, $1k min/$250k max deposit, limit of one per member, new money OR checking account, debit card, and direct deposit of $750+, available February 25 through March 2, 2019.

Availability: Easy membership requirement

February 25 through March 2 is “Military Saves Week,” a campaign coordinated by the Consumer Federation of America and is dedicated,

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Black Friday 8-Month CD Special At Andrews Federal
Deal Summary: 8-month Certificate Special, 2.86% APY, $1k min/$250k max deposit, limit of one per member, available starting on Friday, November 23, 2018.

Availability: Easy membership requirement

For the past five months, Andrews Federal Credit Union (Andrews Federal) 9-month Certificate Special (2.75% APY) had no real competition. That will change on Black Friday, when Andrews Federal unveils its 8-month Certificate Special (CS), which offers a 2.86% APY. Like the 9-month CS, the 8-month CS can be opened with a $1k minimum deposit, and is capped at $250k....

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Andrews Federal Credit Union Adds 9-Month CD Special
Deal Summary: 9-month Certificate Special, 2.75% APY, $1k minimum deposit

Availability: Easy membership requirement

It’s been more than a year since Andrews Federal Credit Union (Andrews Federal) offered a really competitive CD. The latest deal is a 9-month Certificate Special, which earns 2.75% APY. This limited-time offering can be opened with a $1k minimum deposit, and is capped at $250k.

As stated in the fine print on the Share Certificates page,

Each individual member limited to one Special
9-Month Certificate during the promotional period.

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Andrews FCU Hikes 12-Month CD Rate

Deal Summary: 12-month Jumbo Share Certificate, 1.45% APY, $10k minimum deposit

Availability: Easy membership requirement

Over the past year, Andrews Federal Credit Union (Andrews FCU) has offered a variety of CD Specials and competitive rates. The latest deal from Andrews FCU is the 12-month Jumbo Share Certificate (1.45% APY, $10k min). Unlike Jumbo CDs at most other institutions, this one has a relatively small minimum deposit of $10k. The 12-month Share Certificate has a rate that's just a little lower (1.41% APY, $1k min).

This Jumbo Share Certificate is...

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Andrews FCU Adds 84-Month Share Certificate
Availability: Easy membership requirement

Many DA readers took advantage of Andrews Federal Credit Union (Andrews FCU) Black Friday/Holiday Share Certificate deals, which expired in early January. One of those expired deals was an 84-month Share Certificate that earned 3.01% APY.

Andrews FCU has just added a “non-special” 84-month Share Certificate (3.00% APY). The minimum opening deposit is $1k, with no stated balance cap. Dividends are compounded and credited quarterly. Regular readers of DA’s CD Rates Summary are probably familiar with Andrews FCU’s 84-month IRA Certificate (3.00% APY), which...

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