|3.00%||$1k||-||Andrews Federal Credit Union||84 Month IRA Certificate (Traditional, Roth, CESA)|
|2.25%||$1k||-||Andrews Federal Credit Union||72 Month IRA Certificate (Traditional, Roth, CESA)|
The minimum opening deposit is $1k and the minimum balance to earn the stated APYs is $1k. Dividends are compounded and credited quarterly.
60-month Jumbo Share Certificate
In April, Andrews FCU added six Jumbo Share Certificates (both CD and IRA) to its product line, which require a minimum $10k deposit. Of the six, the 60-month is the most competitive, earning 2.02% APY.
|2.02%||$10k||-||Andrews Federal Credit Union||60 Month Jumbo Share Certificate|
As stated in Andrews FCU's Truth In Savings document, the Early Withdrawal Penalty reads as follows:
If your account has an original maturity date of more than 24
months, we will charge a penalty equal to 180 days of dividends.
Thanks to DA reader, NYCDoug, for his Forum post about the Nest Egg IRA Certificates.
Headquartered in Suitland, Maryland, Andrews Federal Credit Union offers membership through a variety of ways.
Easy Membership - Members of the American Consumer Council (ACC) are eligible to join Andrews FCU. (Note: Andrews FCU's online application asks for your ACC membership number. In other words, you must join ACC prior to joining Andrews FCU.)
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 Credit Union membership as a 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 FCU and/or opening a Certificate can be done online, or at any of nine U.S. branches located in Maryland (3), New Jersey (3), Virginia, and the District of Columbia (2). Andrews FCU also has branches associated with military bases in Germany, The Netherlands, and Belgium.
Credit Union Overview
Andrews Federal Credit Union (NCUA Charter # 5754) has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 2.40% (excellent), based on June 30, 2016 data. In the past year, Andrews FCU increased its total deposit by $69.92 million, an excellent annual growth rate of 8.18%. Please refer to our financial overview of Andrews Federal Credit Union 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. Today, Andrews FCU is Maryland’s 5th largest credit and the 221st largest credit union in the country, with more than 119,400 members and assets in excess of $1.1 billion.
How the Nest Egg Certificates Compare
When compared to the 10 similar length-of-term IRAs tracked by DepositAccounts.com that require a similar minimum deposit and are nationally available, Andrews Federal Credit Union's 72-month Nest Egg Certificate APY currently tops the list.
When compared to the 10 similar length-of-term IRAs tracked by DepositAccounts.com that require a similar minimum deposit and are nationally available, Andrews Federal Credit Union's 84-month Nest Egg Certificate APY currently tops the list.
How the 60-Month Jumbo Certificate Compares
When compared to the 142 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are nationally available, Andrews Federal Credit Union's 60-month Jumbo Share Certificate APY ranks in the top eight.
The above rates are accurate as of 9/19/2016.