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.

2.75%$1k$250kAndrews Federal Credit Union9 Month Certificate Special
Rates as of November 17, 2018.

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.

As stated in Andrews Federal's Truth In Savings document, the 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.

Other Certificate Specials

In addition to the 9-month Certificate Special, Andrews Federal is also featuring three others. While the 9-month is definitely the most competitive, its companion Certificate Specials merit mentioning.

3.05%$1k$250kAndrews Federal Credit Union55 Month Certificate Special
2.55%$1k$250kAndrews Federal Credit Union30 Month CD Special
2.25%$1k$250kAndrews Federal Credit Union17 Month CD Special
Rates as of November 17, 2018.

Thanks to DA reader, retirednc, for the Forum post about Andrews Federal’s newest Certificate Specials.

Remember the 84-Month Share Certificate?

In January 2017, I wrote about the 84-month Share Certificate, which was offered at 3.00% APY. Even after 18 months of rising rates, that 3.00% APY is still not a bad rate. In fact, there are currently only three 7-year CDs with higher APYs (3.10% and 3.20%). Andrews Federal's current rate for its 84-month Share and IRA Certificate is only 2.20% APY.


Headquartered in Suitland, Maryland, Andrews Federal Credit Union offers membership to virtually all U.S. citizens and resident aliens through a variety of ways.

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 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 Federal and/or opening a 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.

Credit Union Overview

Andrews Federal Credit Union has an overall health grade of "A" at, with a Texas ratio of 3.64% (excellent), based on March 31, 2018 data. In the past year, Andrews FCU increased its total non-brokered deposits by $15.63 million, an above average annual growth rate of 1.17%. 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. Today, Andrews Federal is Maryland’s fourth largest credit and the 179th largest credit union in the country, with more than 121,000 members and assets in excess of $1.5 billion.

How the Certificate Special Compares

When compared to the nationally available similar length-of-term CDs tracked by that required a minimum deposit of $10k or less, Andrews Federal Credit Union's 9-month Certificate Special APY currently ranks first.

The above rates are accurate as of 7/5/2018.

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

111   |     |   Comment #1
When I called Andrews this morning, one thing they said is that if an Early Withdrawal is done, Andrews DOES allow a partial withdrawal, and will then charge the EWP on only the partial amount that is withdrawn. This is significant since they only allow a customer to buy ONE of each term of "special CD" offered (one 9-month, one 17-month, etc.).

(I know an EW is unlikely on a 9-month term, but I always try to find out anyway, just in case.)
111   |     |   Comment #2
A question - those who bought the Andrews 84-month 3.01% CD in November 2016 received a hard credit pull (at least, I did). For anyone else who did that and who also has bought anything from Andrews since then, or added services - did you receive a second hard pull? Thanks.
RichReg   |     |   Comment #6
@111 - This afternoon, I managed to contact the Burlington branch directly and spoke to a Christina. She confirmed they do NOT do a hard credit pull (at least if you're only opening the CD).
They WILL do a soft pull for ID purposes only, so I'm not sure what happened to you.

Also, you can open everything online AND use a Shared branch to deposit a check (once account's open), then call them to move your deposit to the CD. Or you can give them ACH instructions, but who knows how efficient their service is. Same thing may also be done at can go to a Shared branch and withdraw WHATEVER amount you'd like (check) once its in the Shared Savings account. Basically you can take the money and run without visiting an official 'Andrews' branch.
Sylvia   |     |   Comment #8
I joined online in November '16, and there was a hard pull. According to my credit report, Andrews gave "credit transaction" as the purpose, though I opened only a CD. When I asked in advance of joining, they had also told me no hard pulls. I wouldn't take anything their reps say at face value. For further evidence, check their reviews here or on Yelp.
RichReg   |     |   Comment #12
@Sylvia - O.K., so...1 bad Yelp review complaining about Notary services. Alright. Most often just a courtesy service, BTW..

Read a lot of the bad reviews on the bank's page here and saw no mention of hard pulls as an issue. Mostly issues with applying for their credit card, which could EASILY lead to a request for more credit information. But we're not doing that here. Additionally, issues with what apparently appears to be an ACH limit if funding your account electronically. But the Shared branch deposit-by-check solves that problem, if it even still exists. Lot of those reviews are from around the time you joined or older...maybe some things have changed since then.

Not gonna jump on this deal just yet though. Christina stated it goes thru the end of July (unless I should assume incompetence with that as well?), so I'll investigate further before then and report back. I believe its really one of the best rate vs. duration CD deals right now.
Luvcd   |     |   Comment #13
If anyone can’t do the “little” things (notary) right, how how can they do the bigger things right? They can’t
Alpine   |     |   Comment #16
I joined in December 2016 to open a 7-year CD in a joint account with my spouse and there were also a hard credit report pulls for each one of us. Then there were issues about getting the online account setup which took about a week to resolve. There were also issues with quarterly statements not being accessible online, and this took 2 statement cycles to resolve, so they had to send the first 2 via snail mail.
Anonymous32   |     |   Comment #22
CSR told me this morning that there would only be a Chex System check when applying to open an account (savings and CD). I applied and was asked the Chex System questions. However my application is now pending. I think it must be because they tried to do a credit check which failed because my credit is frozen. If they had told me that they were going to run a credit check, I might not have applied. If they now tell me that they will only do a soft pull, how can I believe them?
CTM   |     |   Comment #34
I opened the 3 month 3.01% special in December 2017 and they did a hard pull via Transunion.
Reader1   |     |   Comment #3
I just called them and their system was down so the CSR could not answer my question. Does anyone know if this 9 month CD special is also offered as an IRA? Thanks.
Carpline   |     |   Comment #4
I don't think it is. At least, I don't remember seeing an IRA option when I checked out their website earlier.
Reader1   |     |   Comment #19
Thank you, Carpline.
Sylvia   |     |   Comment #25
Reader1, I'm inclined to agree with Carpline. However, Andrews' rate chart is so cluttered with footnotes, all apparently unedited, that it's not easy to tell. If you want to be absolutely sure, try speaking with the IRA department directly. I would have more confidence in any answers I get from them over the everyday CSRs. Good luck.
dlweiss0622   |     |   Comment #5
I have had problems with Andrews' customer service lately. I had a CD mature on 6/13/18. I requested through their secure messaging that they send the proceeds via check. I followed up with a call to their CSR on the maturity date. After 10 days and no check, I called and found out it had not been mailed! They offered to wire it to my external bank, which they did. The receiving bank charged me a $15 wire fee. I called Andrews and they agreed to reimburse me for the wire fee. 10 days later I am still waiting.
Sylvia   |     |   Comment #7
I found the best way to resolve problems there is to contact a Member Advocate at or (301) 702-5506. Good luck.
Anonymous   |     |   Comment #9
Your experience does not instill confidence in this organization's practices. I thiink I will temporarily pass on this and see what other offers become available from institutions with noted good practices.
carlbig   |     |   Comment #10
Me too i pass
Cycles   |     |   Comment #11
This is one of those incompetent CU's. I just had a 12 month CD come due and I had to call them with instructions on what to do with it since there are no options on the website to do so. Getting through on the telephone is a pain. You are always greeted with the "we are experiencing heavy call volumes so expect long delays" message no matter what day or time you call during business hours.

Interest accrues and is paid quarterly. My CD came due on June 6 but I had to wait until July 1 to collect the interest and see how much was paid for that last 3 month cycle, and the e-statement. No matter how simple a task is, even to be removed from marketing materials you have to call and speak to a CS rep since the website lacks those options. You will receive marketing mailers a few times a month pressuring you to sign up for a life insurance policy from AndrewsFCU through some third party insurance peddler.

Private messages sent on their website are usually ignored. When you call with a question you are bounced around a few times that is if you don't get disconnected in the process. Each person you talk to has a different answer to your questions. I vowed never to come back no matter how good the deal is. Unfortunately for me I still have a IRA CD that expires in 2024 so I can't quite terminate my relationship with them yet but I can't wait.
Cycles   |     |   Comment #14
One more thing... transfers out of this CU takes 3 business days to pull from an externals source. My home town CU pulls from an external source takes only 1 business day.
Sylvia   |     |   Comment #15
Cycles, your impression mirrors mine exactly. The wait times always seem to extend well beyond 15 minutes, which no professional call center would consider acceptable. Plus, the info dispensed there often varies with rep, hardly confidence inspiring. I had only a 3-month CD, which matured well over a year ago. I've not opened any new ones since. It would have to be a gangbuster deal for me to bite, given customer service.
Reader1   |     |   Comment #18
I agree with Cycles and Sylvia. Andrews FCU's website is archaic and lacks functionality. Wait times to talk to customer service are very long. Today, after a 15 minute hold, I was asked by a CSR to call back as their system was down and they could not access any information.
acu_user1   |     |   Comment #62
I'll add 10 characters max limit on online password to the list.
That points to really archaic security. That is barely acceptable now and will get less secure with every year passing.
larry   |     |   Comment #17
I see all the bad comments on this CD deal, but it's a great rate for 9 months. We previously pounded the 3% offer a while back, but only for 6 month CD's. Still have accounts setup and will probably do one max insured one. I don't see a problem with just ACH(all setup from previous deal) in and out and the EWP won't be a problem for us because it will not come into play.
AndrewsCD   |     |   Comment #39
Larry, I hope you realize that 6 mo CD only gave you 1.5% on your money and the 9 mo CD will only give you 2.05% in interest earned. To me, it is not worth opening, closing, mailing, sending, calling and you always lose a week or 2 of the money being in transit.
larry   |     |   Comment #50
Nope, will be locked and loaded come Tuesday. Win Win CD and when it matures the rates on a 60 month will be kissing 4% therefore rates on a 12 month will be higher from current rates.
TheBombingRange   |     |   Comment #20
This is the second case where I'm on the fence as to doing a CD deal. The first one was MainStreet Bank for 2.80% (I guess it's still running) where the bank seemed difficult to deal with. I know Andrews historically had good rates, but that was before my time. Are they really that difficult to deal with? This seems like a much better deal, but not if there's a big hassle. What is the ACH funding limit when pushed in from an external bank, and how easy it is to get money out? Clearly you need to call before renewal with Andrews.
The Mighty Sven
The Mighty Sven   |     |   Comment #24
I found Andrews' representatives very helpful. If you have a problem with the call center, you can always telephone one of the branches for white glove treatment.
larry   |     |   Comment #26
We pushed from Ally and should be all setup by Tuesday of next week. With Ally going out it's $150k/day and $600k/mo. This credit union is not difficult at all to deal with from our point of view. It really helps to get the right customer service person. Last time we did it all over the phone from one of their branches once funds were there. That was the fastest way since the online account was not setup.
TheBombingRange   |     |   Comment #27
Somebody said something about Andrews having an incoming max transfer? That sounds very odd but I guess it's not true. What's the best way to set this CD up, open online and then it asks how much you want to push in? Or it will do the initial pull for you? Also, you have to get the Savings account here I guess in order to ACH pull out upon maturity?
Sylvia   |     |   Comment #30
If you're not near one of their branches, the quickest way is to deposit a check at a shared branch. You will need your Andrews member # to do that. You can then call Andrews to have $$s transferred, along with hold, to open and fund new CD.
larry   |     |   Comment #43
You will be good to go on deposits. If you call them to open up the CD they will ask you how you want your funds to be distributed on maturity and you have the to open up CD online. The will also send you a snail mail letter 30 days prior to maturity and they have a 7 day grace period after the CD matures. Yes on the savings account, but I'm not sure you can ACH in and out of it. I say that because we ran into that problem with NFCU where you could not ACH out from their share savings therefore a checking account was needed. In that case we were lucky that Discover didn't hammer our account with fees as the funds went in and came right back to NFCU.
Kerry   |     |   Comment #52
It depends on whether you pull or pull. I have had no trouble with low limits when transferring funds in from my brokerage account.
Andrews FCU member
Andrews FCU member   |     |   Comment #58
Best way to do is once you open account with minimum deposit - wire transfer the amount you want to buy CD from your bank to Andrews FCU share savings account . No limit to wire transfer. I did 200 wire transfer with no issue. Then you can buy online share certificate you want. Don't need to call them. Online website menu let you do it without calling them.
Kerry   |     |   Comment #128
There is a limit if you request the transfer from inside your Andrews account, but no limit enforced if you initiate the transfer from another institution, which is what I always do.
Kerry   |     |   Comment #127
I’ve had no trouble transferring large amounts in if initiated by my brokerage - I transfer via ACH to the basic savings account, and then buy the CD from there. It was fast too - I was able to buy a CD the day after I initiated the transfer from my brokerage. I’m expecting transfers out to be about the same. I haven’t transferred funds out of Andrews, but I have from other CUs with low limits and had no problems.
NYCDoug   |     |   Comment #21
Since we're ganging up on Andrews, also beware of the $5/month fee they level on your savings account after 12 months of inactivity. A moot point for investors in this 9-month certificate, but if you're going any longer, watch out! (I learned this the hard way.)

A simple $1 transfer back and/or forth every now and then will let them know you're still alive, and avoid this nuisance fee.
DaKeet   |     |   Comment #23
I have been using Andrews as my primary banking institution since 2009 (checking, savings and CDs.) I have not had any reason to use their Customer Service much, since I have not run into any problems. They have never made any mistakes with my checking account and I have no problems printing out my statement each month. My quarterly CD earnings are automatically deposited to my checking account... again, never a problem. I am also a member of Mountain America FCU and they also have a 3 day delay transferring funds out. So many times, one usually only hears about peoples negative experiences. YMMV.
Bump   |     |   Comment #28
Same here. No problems over the past 3 years that would make me hesitate from opening up this CD.
Luvcd   |     |   Comment #29
#23. No news is good news
ChasR   |     |   Comment #31
My head is spinning here. This post (and the rate tables) now show the 30-month CD special at 3.05% APY. The credit union website says it's 2.55% APY, as it has been for awhile.
RichReg   |     |   Comment #33
That's an error. Andrew's FCU's 30-month shown here in the 3-year table is indeed @ 2.55% APY, not 3.05%. The 55-month is shown correctly in the 5-year table as 3.05 % APY.
TheBombingRange   |     |   Comment #32
Called in, about a 12 minute wait which isn't too bad. Pretty helpful. Claimed there is no hard pull for a CD. Apply for membership online, then pool whatever money you want for the CD plus $5 for the membership in the Share Savings account (for example $1005 with the $1000 meant for the CD), then online you can open then CD and push the funds in immediately. Upon maturity, there is a 10 day grace period where funds can be transferred to the Share Savings account, and then you can ACH out ($5k daily limit) or ACH pull out using an external bank (no limit), free ACH either way on the Savings, unlike NavyFed which doesn't let you ACH with their Share Savings. They can also cut a check. Doesn't seem to be too bad, anything important I missed?
RichReg   |     |   Comment #35
Just one thing;
You can also go to a Shared branch upon maturity and request a check be issued from your Savings account. Assuming the Shared branch doesn't charge for cashier's checks or impose dollar limits on withdrawals form other credit unions. The one I have in mind doesn't.
TheBombingRange   |     |   Comment #36
How do you find the shared branches? Thanks for the tip! I try to keep everything online I possible, easier that way, this seems like a great deal though. This CD will mature right after my NavyFed 15 month 2.25%.
RichReg   |     |   Comment #37
RichReg   |     |   Comment #38
Search feature on their homepage.
AndrewsCD   |     |   Comment #40
People be careful, any CD that is advertised under one year is quoted as APY, which means, 6 month CD advertised as 3% APY will bring you 1.5% in interest after 6 months and 2.75% CD will bring you 2.05% in 9 months.
I do not see any benefits and please do not tell me you will get more money by churning more money, there is a point of no profitable return when you include the delays in funding, cashing or transferring the money.
TheBombingRange   |     |   Comment #41
I get what you're trying to say, but you're still earning 2.75% in 9 months. If you take the funds from this matured CD and leave them in a 0% interest account for the remainder 3 months of the year, then yes your annual yield would be about 2.06%, but who would do that? Putting it in this account will give it a rate of 2.75% for the full 9 months, the move it into the next deal available at that time.
AndrewsCD   |     |   Comment #42
#41, That logic is inaccurate, If I buy 12 months CD at 3%, how are you going to catch up against my interest earned when you only got 3 months or less left to re-invest the funds that already earned 2.06% to make it up to 3%?
TheBombingRange   |     |   Comment #44
Your response only applies if you can buy a 12 month 3% CD right now, which you can't. This is the highest rate for the shortest term I can find on this site. Also, it will earn 2.75/12% per month for 9 months.

I checked this logic myself, NavyFed ran a 3% 5 month CD last fall. Max deposit of $10,000. In 5 months I made $125. If I were able to let it sit for 12 months I would make the full $300. However, that wasn't an option, and in terms of the max amount I could make on $10,000 using CD for those 5 months, $125 was the best option. Same thing here. I'm not sure what you're trying to prove, that people shouldn't buy this CD? Ken has clearly demonstrated this is the best short term deal (outside of stocks etc.) in the above writeup.
RichReg   |     |   Comment #45
@AndrewsCD - Yes, that certainly is sound logic--- if there indeed was a 1-year CD that pays an APY of 3%. But there isn't, which is the whole point of why this deal is so good. You're earning an APR of 2.72% for 9 months.
larry   |     |   Comment #46
Rates will be higher when this CD matures and my guess is rates will be kissing the 4% level on a 60 month therefore rates on a 1 year will be higher also. We'll be making an extra $2k with the 9 month when compared to Ally which rolled over a preexisting CD that I fell asleep at the wheel on two years ago. This is a win win CD in my book.
RJM   |     |   Comment #47
I have not yet jumped on this deal. After Nasa, All American, Popular & Northern, I kind of want to hold off awhile on a new account.

Of course, to listen to some, 1.75% is better than 2.75% because of APR/APY differences.
(Rolling my eyes.)
TheBombingRange   |     |   Comment #48
What was the NASA deal again? I agree that the savings stuff has kept me busy right now. But 9 months is my kind of term. Just like I love liquidity, this helps a lot in that area with a really good rate right now.
RJM   |     |   Comment #49
A short lived 11 month at 2.25%. It was a deal at the time. From mid-late feb I think.
RichReg   |     |   Comment #53
Just spoke to a Seloi on their toll-free number and then to an Andrea (MSR) at the McGuire branch in NJ. Both confirmed everything I've stated in comment #6.

Also, if you're opening an account online, you should just do the membership and Savings account FIRST. Get it up and running with a Membership number, THEN go to the Shared branch and deposit the funds for the CD (check with your Shared branch for $$ amount deposit/withdrawal limitations, mine has none). THEN call the 800 number and ask them to open up the CD for you and they will transfer the funds same day to the CD. You can also give them all appropriate instructions for maturity at that point, if you want. You're done.
tx1228   |     |   Comment #54
Andrews did HARD PULL's on my credit TWICE -- once when I opened an individual CD, and second when I opened a joint CD. Now their staff say they used to do hard pulls when folks opened deposit accounts but now they only do soft pulls. BUT THEY DID HARD PULLS TWICE ON MINE.
...BE AWARE...
TheBombingRange   |     |   Comment #56
Made the dive. Online application seemed fine, only one joint owner can be added on there, hopefully I can add another. Also, adding beneficiaries was simple and didn't seem to have a limit, only needed name and address, and while social security/phone/email were all able to be filled in, these were optional, a nice change. I only opened the Base Share Savings account as of now, though I didn't receive an account number and after calling in (after hours and on a weekend) they said I should wait till Monday to get a call back so I could get that account number to register for Online Banking. They also were able to pull the $5 for the Base Share Savings account and my desired balance for the CD from my other bank, which should process on Monday. Then I'll open the CD and transfer the funds right in from the Base Share Savings account. Finally, for those wondering, it definitely did a Chex Systems info pull (asking about residence, local streets, people I knew, etc.), no indication of any hard pull. Hoping this deal takes us through bigger and better yields next April!
RichReg   |     |   Comment #57
Cool...let us know how efficient the ACH is (though I think I'll use the Shared branch).
And yes, that was the term they used...'Chex System', which is a simple pull.

I'm sure that at one time, some of the 'incompetent' parts of this FCU that others have been referencing probably did exist and maybe some still do. But whether their processors were doing hard pulls by accident or because their systems weren't set up correctly, it doesn't seem like they're doing that now.
trtt4   |     |   Comment #59
YES, they do a Credit Check with TransUnion. This morning, 7-9-2018, they emailed me to let me know that they can NOT open my share acct or CD until I remove the credit freeze. I made a note to them with the original application online instructing them to contact me first if they planned to pull a credit report. They did NOT. They tried and were denied, thus I received the email message.
111   |     |   Comment #63
Two questions -
1) Did you previously have an account or accounts with Andrews and are now attempting to open this new 9-month CD, or is this your very FIRST Andrews account, and,
2) In addition to this 9-month CD were you ALSO requesting to open a credit card, or even just a checking account, with Andrews? Thanks.
ttrt4   |     |   Comment #69
I am New to Andrews, never had an acct here before.
- applied for a member share savings account
- applied for the CD special
trtt4   |     |   Comment #119
I am not sure which, but I will say that I have never once joined a credit union without them pulling a credit check. I have opened many bank accounts without doing so.
RJM   |     |   Comment #120
I opened at least 2 credit unions prior to todays Andrews in the last few months and NEITHER did a hard pull.

But, I would not care if they did. I won't ever need or use credit again in my life.

It seems silly to me to pass on a good rate over what? 7-15 point ding to your credit?if that.
Ann   |     |   Comment #181
I think most of the people who fixate on avoiding HPs do so because they're also churning credit cards.
Andrews 9 mo CD
Andrews 9 mo CD   |     |   Comment #60
To all of you who think that 9 mo CD will bit the savings are wrong:
Example 1, if the rates stay steady for the next 9 mo any saving account that earns 2.05% will have exact same amount of money as the 9 mo CD in 9 months.
Example 2, should interest rate clime sooner than 9 mo, the savers will make more money at the end of 9 mo.
Example 3, should the rates go up in a month or two, all with Andrews 9 mo CD will be the losers some (big losers, if you invested heavy amounts).
I just opened eOne Savings for 2.05% APY at Salem and we are already even in the benefits with 9 mo CD.
RJM   |     |   Comment #64
Are you saying 2.05% is the same as 2.75%?

Rates will probably go higher in the months ahead. Lets say they go up .25% in 3 months.
2.05+.30=2.35% which is still less than 2.75%.

I am pondering opening an Andrews because In my world with my math, 2.75% on a 9 month is the best available rate by far.

Not sure what 2.05% has to do with anything. That's less than the 2.26% I already get at Northern.
TheBombingRange   |     |   Comment #67
RJM ignore this guy, I checked the tables myself, it is the highest short term rate, and when the funds mature in April, there will be even better deals. Nothing short term is even close to this right now. The next best thing was back in February for 2.75% for 13 months at Harbor One Bank for a short lived, local deal.
Call Andrews
Call Andrews   |     |   Comment #71
#64, You are on the right track, your example shows that a person with the saving account will have more money than the Andrews 9mo CD at the end of the 9mo time period.
Call Andrews supervisor and ask how much money you will have when your CD mature, you will be shocked to find out that it will be only 2.06% on your invested money.
TheBombingRange   |     |   Comment #66
This guy seems to be following the same logic as "AndrewsCD" in that this deal is "bad." Ignore him. Example 1 is totally wrong. Any savings account that earns 2.75% over 9 months will have the exact same amount of money as the 2.75% CD, so the 2.05% thing is wrong. 2.06% is the yield of a 9 month CD at a rate of 2.75% if held for 9 months then left at 0.00% for 3 whole months to complete the full year. Nobody is doing that. So if you're trying to discourage people from opening these CD simply based on incorrect interest calculations and false claims, A+ to you, doing a swell job. I'll take my 2.26% Northern Bank Direct Money Market to bat with your Salem account anyday.
Ann   |     |   Comment #182
And since he can't even bother to use the name field properly, it may be the *same* guy. Identify yourself with something, consistently, it's not a freakin' subject line.
Andrews 9 mo CD
Andrews 9 mo CD   |     |   Comment #61
Example 4, for some reason did not showed up in the previous post and was referring to the persons who are skeptics and may think the rates may go down in 9 mo, in that case, my question was:
Why did you bought short term CD?
RichReg   |     |   Comment #65
..because if I expect rates to go down (and I don't ) I'm now locked in for the next 9 months with a really great 2.72% APR on my money. What's your point?
Andrews 9 mo CD
Andrews 9 mo CD   |     |   Comment #68
#65, how can you be locked up for 2.72% APR when the rates are down after 9 mo. You will have earned only 2.06% and that is all, where is the 2.72% when you will re-invest for less than that after 9 mo.?
Either you do not count right or you are shorting yourself by thinking the 9 mo already got me 2.72%, which is not, after 9 mo you have only 2.06% in your pocket.
RichReg   |     |   Comment #70
"Your math is blowing my mind". First, get used to the idea that rates AREN'T going down. And in order to count right you first need to know the difference between APR and APY. You don't divide the % Yield into months and and then multiply by 9 to make up your own number; that's ridiculous. 2.72 is the Annual % rate, which I'll get every day until the 9 months are up. That consists of a daily rate that compounds for 3 months less than a 12 month CD, so the 2.75 APY is what I WON'T get 'cause this CD doesn't last 12 months. WOW...big sacrifice. 3 huge basis points.

Read the other comment #64. Even if rates dropped, they wouldn't go far enough so fast that you'd end up with such a drastic difference in yield due to opportunity cost. What you keep ignoring is that this is an extraordinary offer;; and it would take quite a large move, even over as long as 9 months, for anyone to be losing out like you describe.
Call Andrews
Call Andrews   |     |   Comment #74
#70, I'll give you 10% APY CD for 1 month term, what is the amount earned after that CD matures?
If you can comprehend that, that will give you the analogous answer for the 9 mo CD.
Andrews Information
Andrews Information   |     |   Comment #78
Thank you Andrews Cd warner.

Many people do NOT understand apy lesser than 1 Year.
RichReg   |     |   Comment #80
Answer: A h*lluva lot more than you'll get at Salem or Ally or anywhere else for one month, which is why the Andrews CD is a good deal. BECAUSE you won't get that rate anywhere else for the next 9 months without getting into longer maturities or something more risky. I can assure you, a Savings account won't be paying 2.75 APR in 3 months, or 6 months, and probably not in 9 months either.

Glad to see you finally understand.
Here's where you can learn more:
larry   |     |   Comment #72
Here's the problem, you first post as
Andrews CD and now as Andrews 9 mo CD? Short Lived!!!!!!
Call Andrews
Call Andrews   |     |   Comment #75
#72 and #73, please solve the mathematics for the comment #74.
OMG!   |     |   Comment #77
How about any one with any doubts just go to and use their CD calculator and see for yourself.
Andrews CD
Andrews CD   |     |   Comment #83
#77, I did that, but it can not solve the problem stated in the comment #74, why don't you tell us the result?
larry   |     |   Comment #73
Here;s the problem u cannot get that long term rate u desire

no sense ?
no sense ?   |     |   Comment #81
if this is deleted tell me how to avoid DA Policy

Dennis writes in with the following question about CD rates:

My credit union has CDs. The rate for a three-month CD is 1.88% while the rate for a one-year is 2.37%. Is my math reading correctly when I come out with $2.37 (on a $100 deposit) for 1 year but if I chose to deposit in the three-month CD four times in a row (thus equaling the 1 year CD) that my return would be $7.52 (assuming the rate remains the same)? At the moment I’m not debating whether or not a CD is the best investment, simply asking about this particular set up.

This is actually a fairly common misconception that people have about how certificates of deposit work. In truth, the one year certificate of deposit will earn you noticeably more than the three month CD. Let’s dig into how this all works.

CDs are quoted with their annual rates of return. When you see a rate quoted on a certificate of deposit, you actually are seeing the annual rate of return on that CD – in other words, that’s the percent of your investment that would be earned if you held the investment for a full year. So, the three month certificate of deposit above would earn 1.88% only if it were held over the course of a full year.

A very simple example So, let’s say Dennis buys one of those three month CDs. This CD only pays interest upon maturity and earns 1.88%. Dennis buys one for $1,000. Over the course of a year, this investment would have earned $18.80, but the CD only lasts for three months, thus earning Dennis $4.70 after three months. If he were to take that $1,000 and buy another CD, then do it again, and again, at the end of the year, Dennis would have earned his $18.80.

Compounding Many certificates of deposit compound monthly, which means they pay out 1/12th of the year’s interest at the end of each month. So, in the above example, Dennis would actually see an interest payment of $1.57 every month.

Many certificates of deposit also allow you to put that earned interest directly onto the balance of the certificate of deposit, meaning it would also earn interest along the way. Let’s say Dennis bought a three month certificate of deposit under these conditions for $100,000. At the end of the first month, the certificate would earn $156.67 in interest, which would then be added to the balance of the certificate, making it worth $100,156.67. At the end of the second month, the certificate would earn $156.91 in interest, bringing the balance of the certificate to $100,313.58. At the end of the third month, the certificate would earn $157.16 in interest, at which point the certificate would close. As you can see, compounding monthly is much better than compounding annually.

Buying a certificate of deposit When you go to buy a certificate of deposit, it’s not enough just to know the rate and the term. You also need to know how often it compounds (the more often, the better) and if that compounded money rolls into the balance of the certificate (if it does, that’s better). Although these factors aren’t enough to overcome a large difference in rates, they do make all the difference for small differences in rates.

Dennis, in your situation, if you’re wanting to put your money away for a full year, the one year certificate of deposit is the best option. Buying consecutive three month certificates will not earn you as much as the one year certificate will.

Good luck!
Andrews CD
Andrews CD   |     |   Comment #82
#81, you should have told that to: RichReg, larry, OMG!, TheBombingRange and the rest who think that they are getting the full APY in just 9 months.
Andrews Information
Andrews Information   |     |   Comment #84
Thank YOU Andrews CD!@

Saved a lot of money!!
111   |     |   Comment #92
And also continue to take up our time. Unfortunately, the humor value of troll posts, while still present, is decreasing as the joke gets older. The time taken for us to read such posts is not.
RJM   |     |   Comment #89
You take your $102,006 and buy another top rate at the time.

It boggles the mind that you are trying to make a big deal over something very small.

Compound interest is a big deal over a very long period of time. In a rising rate environment on a short term CD, its very close to meaningless.

Please, tell me how you can earn more over the next 9 months without risk.
RJM   |     |   Comment #95
See post #60 where you implied that 2.05% is equal to 2.75%. This is 100% FALSE.

This site needs to make everyone sign in and use the same moniker so that trolls can be more easily exposed and if they had an ignore feature, we could ignore the nonsense.
larry   |     |   Comment #90
Darn, I just pulled the trigger. If inflation jumps up to the 2% level in the first quarter of 2019 we'll be in perfect position to capitalize. Hope you have some powder dry for that eureka moment.
RJM   |     |   Comment #87
"these factors aren’t enough to overcome a large difference in rates".

2.75% and 2.05% is a large difference in rates.
RJM   |     |   Comment #91
There really are no "sides" to this. It's a simple matter of where can you get a better rate over the next 9 months.

Now, if I buy the 2.75% CD and rates jump to 3.5% next month, the CD will have been a bad buy. That is unlikely to happen.

More likely is a modest increase or even two modest increases over the next 9 months but even assuming 2 increases, it won't make sense to keep your money in a lower paying account. (Like the 2.05% that you or one of your monikers implied was better)
RichReg   |     |   Comment #93
I've never seen anyone go to such lengths to prevent people from being educated on where they might get good returns. It's like a kind of Internet terrorism...sad really, and pathetic.

We should all follow TheBombingRange's advice and stop wasting time & energy.
LetsKeepItGoing   |     |   Comment #94
Sometimes pointless exercises are a fun diversion.
deplorable 1
deplorable 1   |     |   Comment #96
Any drawbacks or strange terms/fees to look out for with Andrews? This CD looks like great deal to me just don't know If I want to join another credit union although it does look like they have had some other good deals in the past.
RJM   |     |   Comment #98
I have not opened the account yet. It seems it's a one time, all or none deal.
I am leaning toward it for sure. But for how much? Can't start small and buy another.
And, I want to clarify their check out policies. No more Penfed type roach motels for me.
I am unclear if any shared branch will really cut me a check without a fee when this CD ends.

We can safely assume two more .25% rate hikes and more banks cu's getting competitive. So....
I would guess that in 7-8 months, 2.60-2.75% savings accounts will be common.
But our Andrews would be nearing maturity so there is little downside.

Of course, when I bought my NASA 11 monthers at 2.25%, I did not expect the Northern 2.26% to pop up as soon as it did.

My other concern is getting rejected for this or a future deal because of too many new recent accounts.
deplorable 1
deplorable 1   |     |   Comment #99
It seems like you could do everything online why would the shared branch be necessary? Just push from a 3rd party bank to savings then open the CD. When it comes time to withdraw just have them transfer CD to savings and ACH out from 3rd party bank. What am I missing?
TheBombingRange   |     |   Comment #101
No need for the shared branch. Upon membership opening, they let you bring in a max of $10,005 into the Base Share Savings account. You can get more pulled in on the initial pull after a phone call with them I believe. They will do the pull from the external bank once your account is opened. The minimum to on the application is $5 for the membership, which sits in your account to "pay" for your member share.
RJM   |     |   Comment #102
Penfed told me there was NO ach transfers out even from elsewhere. (over $5000) So I had no choice but to pay them for a wire out.

At first, a penfed rep said an ach from another bank did not have limits but when I got a supervisor, they said they were positive that any ACH over $5k would be rejected. A poster questioned that but I never heard back from them to know if anyone tried it or not.

I have another one maturing on 7/31 so i'd like to be able to ACH it out if possible.
TheBombingRange   |     |   Comment #104
Which bank was the one whose rates have gone to the sewer, it was Penfed not Andrews right? I know NavyFed has had good deals, but it was Penfed that has truly gone to trash, correct?
RJM   |     |   Comment #106
Penfed's are not sewer bad but just not leading.

In fact, they emailed me today touting their rates. 2.35% and 3% are not enough for me for 1 or 5 years. When I opened the penfeds, they were not great but at the time, I was just royally ****ed at ally because I gave them the chance to offer me a better deal and they refused on a large sum. So pulling money out was a moral imperative. Even if it wasn't a lot better deal. At that time, i was not actively rate chasing.
This is a great time to invest in a PenFed Certificate. PenFed's 1-year Money Market Certificate rate is 3.5X higher than the national average* of 0.67% APY, and our 5-year Money Market Certificate rate is now almost 2.5X higher than the national average* of 1.26% APY.
Bye Ally?
Bye Ally?   |     |   Comment #107
My personal experience is that it is possible to ACH well over $5K from PenFed. Pull it from an external bank.
RJM   |     |   Comment #108
I hope so. I will try it later this month. I got it linked everywhere but wired it when the last rep told me no.
deplorable 1
deplorable 1   |     |   Comment #111
I don't think that a bank or credit union can put a cap on external ACH transfers pulled out from another institution. I could be wrong but I have never run into that limitation before.
RJM   |     |   Comment #113
Im pretty sure fidelity limits ACHs to $100k each. They will let you do multiple transactions but no more than $100k each. Wires do not have that limitation.
PenFed experience
PenFed experience   |     |   Comment #122
I've done this at least 3 times. I've initiated the ACH pull from ALLY bank. The amounts ranged from ~10K to ~32K. The most recent such pull was on 10/25/2016. I never had a problem or a charge from either ALLY or PenFed.
Kerry   |     |   Comment #129
I’ve moved large amounts from PenFed in and out all the time. The last one was over $10K. The trick is that I use my brokerage to initiate the transfers, either direction. Then I’m just dealing with the brokerage ACH limits which are much higher. Same with Andrews.
Kerry   |     |   Comment #131
Well, if you are trying to transfer from PenFed to Andrews, I can see where you might have a problem with transfer limits. If you don’t have another institution with much higher limits to act as an intermediary, then you are a bit stuck.
TheBombingRange   |     |   Comment #100
From my experience, they have been swamped and the membership application process has been annoying. Applied on Saturday night, didn't hear back with any sort of member number till midday today (even though my application seemed to be approved on Sat night), and even then, I've had issues making a login and registering for online banking since, according to the CSR, I can't do that till my initial transfer takes place and posts to my base share savings account either tomorrow or the next day. Then I'll probably have to call in and get more help with online banking enrollment. Only then will I open up the CD within the interface and transfer the funds from my savings. Annoying process to get started, but they have been helpful on the phone, wait times are within 15 minutes, and adding a joint owner and beneficiaries up front has been a nice touch.

In regards to the interest rate, my reasoning is the same as yours RJM. I opened the NavyFed 2.25% deal which will mature in March, then this CD will mature in April. Rates will be higher then, as we so clearly have learned from our friends the trolls, but I will be happy to move it into the next best short-term CD deal or a savings account.
RJM   |     |   Comment #103
So you are kind of at risk of them pulling the offer, right?

I was concerned about that with Nasa but they let me lock in the rate pending funding and with that one, I WAS able to deposit a check at a shared branch. I did one and then I repeated for a 2nd one a few weeks later I think. And they pulled that one before not much longer.

I probably need to try to open one tonight. But, I am unsure of the amount right now.
I see no reason to bother with a $10,005 pull when I am going to open a much larger account.I think I would prefer to fund it with a check especially if I can do it at a local shared branch.
TheBombingRange   |     |   Comment #105
They made it seem like this is the easiest way to do it. They can't open the account unless the money is ready to go in the Base Share Savings account, so I had them pull it over when I made my membership. Alternately, you might be able to open the account and have them pull directly from the other bank, but I'm not sure if that really works, they made it seem like that could not be done. Not totally sure. Either way they said the deal will last for a week or so. If they pull the deal before my account opens tomorrow and I can log in, the money will come straight out of there lol and back into Norther Bank Direct at 2.26%.
larry   |     |   Comment #116
The promo offer is good until Sept 30. for both the 9 month and 55 month. You can fund at your local CU with a check if they are affiliated with Andrews and immediately open up you CD even though the check has not cleared per customer service.
RJM   |     |   Comment #117
Yeah, I just got off the phone and they mentioned the Sept 30th date so i have plenty of time to get them a check. But, i want to do it tomorrow or friday if I can at a shared branch.

Not going to do the 55 month. Rate not high enough for me.
hwhiteco   |     |   Comment #110
Would anyone be able to tell me, 1) If the interest on this 9 month CD special is compounded daily, along with, does the frequency of which this interest is credited have anything to do with the APY? Also, 2) Because this CD is classified as a "Special", where would I be able to find this Disclosure info pertaining to this particular CD on the Andrews website?
RJM   |     |   Comment #114
Ok, I opened it with a $5 deposit.
Called the 800# and its perhaps the worst voice mail hell I have ever experienced. After a dozen prompts, i got them to call me back. Talked to the rep. He says the deal should last thru the end of Sept. but if they ended it sooner they would probably take care of me.

Said I just wait for actual approval in 1-3 days and then when I get an account number, I can drop off a check at a shared branch. In the meantime I guess I can figure out exactly how much I want to put in there.
As mentioned, the money goes into the share account first and the CD can be opened from there.

2 ticky tack things. they required some kind of special password that had to be at least 5 characters and the password had to have at least one letter, one number and one special symbol. That ticks me off.
TheBombingRange   |     |   Comment #115
Open the CD in a second application through the platform after you already open the basic membership. I think on the left hand side there is a way to select accounts, or hit the "back" button on the bottom of the application.
RJM   |     |   Comment #118
I went back & removed it and edited my post. So the share account is open, no CD yet. Did not send the $10k because I did not have $10k in the ally account I used. Will write a check from Northern and deposit it locally for speed.

My only decision left to make is HOW big I want to go with this CD. (I know the max is $250k.)
RJM   |     |   Comment #121
To me, speed is essential because I expect other deals to pop up within 6-7 months if not sooner. So I don't want to drag this out.

The exact amount I am going to fund it with is what I am unsure of. I need dry powder for a big stock market decline or correction.
TheBombingRange   |     |   Comment #123
This has been a bit of a hassle, registering for online banking simply hasn't worked for me, even after making me wait two days for my member number. At least once I get it set up, it's set it and forget it. To speed up the phone prompts, press "1-3-1-2" to talk to someone.
RJM   |     |   Comment #125
What do we need online banking for right away anyway? You mean to open the CD on your own? Appreciate the 1-3-1-2. A rep can do that, right?
(I do like to link everything to Mint)

Are they open 24/7 or what?
RJM   |     |   Comment #126
As for the ACC, I joined with a separate email and I did not check any of the boxes because I just envisioned a ton of spam I did not want. I guess I need to make a note of my ACC member number in case I ever need it for another credit union.
deplorable 1
deplorable 1   |     |   Comment #132
RJM: I joined the ACC and want to get $90,000 into this CD pronto so do I join Andrews first and then open the CD or can I open the CD at the time of application and have them pull it directly from Northern Bank? Obviously the latter would be much more convenient if they allow it.
RJM   |     |   Comment #133
My impression from both what Bombing Range and the CSR said is to open the share account, then wait for an account number which takes 1-3 business days. From there, we can deposit locally at a shared branch.

I did not ask if they would pull directly from Northern. Bombing or another poster seemed to think they might via a rep. But their onine system limits you to $10,005. So I did not do that because I would have had to write a check anyway. I did pull the $5 from Ally but I did not open the CD, I backed up & removed it and then finished without funding it. From memory, when I did this at NASA months ago, I was good to go as soon as I got an account number. For a local shared branch I mean.

My plan is to deposit at a local credit union a check hopefully by friday but otherwise probably monday and then call a rep and open the CD. And then I will worry about online access which Bombing has not been able to get yet.
deplorable 1
deplorable 1   |     |   Comment #138
Thanks for the quick reply RJM! I think I will open the Andrews account first and then try to pull from Northern directly to the CD over the phone with a rep.(hopefully). If that fails It looks like the shared branch is definitely the only way to go. I wonder if the money needs to go into the share savings first or if a rep. can send it straight to the CD. I just hope the CD is still available by the time I get this all worked out.
RJM   |     |   Comment #139
From what Bombing and the rep said, they want it to the share account first and then you buy the CD.
I did not ask about the over the phone pull from Northern because a shared branch is easy and I have northern checks anyway. But when I expressed concern about the deal ending while I waited for the account number he said it was scheduled to be open thru sept 30 and he said if it were to end sooner they would probably give it to me anyway.

I got 3 emails after applying but I don't think I am 100% approved yet. But hopefully will be soon. I figure the worst case would be monday if there is a delay getting my member number.
Bye Ally?
Bye Ally?   |     |   Comment #143
Open your share savings account and set up online banking. Push the CD funds into the share savings from your hub bank and open the cd from within online banking. I already have an account and have another CD and the process took less than 24 hours.
Ann   |     |   Comment #183
@RJM "As for the ACC, I joined with a separate email and I did not check any of the boxes because I just envisioned a ton of spam I did not want."

I joined ACC a year and a half ago for the 84mo Andrews CD. I have not received any spam from ACC in all that time.
TheBombingRange   |     |   Comment #136
I just like to have access to know where the funds are going once they are pulled form the external bank. Exactly, the money shows a missing on Mint, then it shows up again like a few days later once the link is established. That's about it lol.
TheBombingRange   |     |   Comment #137
@RJM #133, they initiated the pull I put in with my application on Saturday night just this morning from Northern for the $10,005. I only want my CD for $10,000 at this point so I was fine with the limit. Online access is the only pain I have right now. CSRs have tried to help, though in fairness I have been told two different things, that I need to wait for the funds to post to register for online banking, and then today another CSR told me they have never heard of that and put in a request for a call back tomorrow. By then, I think the funds may be there anyways. As long as they get there by Friday, I'll be happy because I then should be able to open the CD from the interface myself and do the transfer in.
RJM   |     |   Comment #140
Speaking of Mint, I heard there is a newer, better mint with a $20 sign up bonus.

I kind of blew it off because I thought I would be signing up for a cold call. But I guess we could give a fake number.
NYCDoug   |     |   Comment #142
@RJM: Full disclosure -- It's a little self-serving (or shall we say "entrepreneurial" ?) of S. Coomer to hawk Personal Capital on his blog, since for each sign-up he gets with his referral link, he ALSO nets $20 -- Something he does not disclose!

Not that there's anything wrong with that . . .
TheBombingRange   |     |   Comment #145
I also use Personal Capital and like it better than Mint. the $20 sign up bonus only applies when you link an investment account. Also not sure if they are newer than Mint. Mint is great for budgeting, PC is great for tracking investments and comparing that to various indices.
RJM   |     |   Comment #149
He sort of discloses it but I agree its not sufficient..."This post may contain referral, affiliate or sponsor links that provide Miles to Memories compensation. Thank you for your support."
deplorable 1
deplorable 1   |     |   Comment #152
I didn't see anything in the comment policy about posting a referral. Sorry if I violated some policy i was not aware of.
deplorable 1
deplorable 1   |     |   Comment #144
My application is still pending approval from Andrews and it says 1-2 days. I just opened the share savings and not the checking and while the application said the signature card is not necessary for savings I'm wondering if I need to fill one out for the CD as it is listed in the documents section of the application log in.
TheBombingRange   |     |   Comment #147
After a lot of calls and some stress, I'm finally all set up with Online Banking, and my 9 month 2.75% CD is now open. Thanks to everybody for all the advice. A great CSR was finally able to explain that they have been having some email verification issues for the past week, so he helped me make a temporary login and get all set up. He even opened up the CD on the phone and transferred in the money from the base share savings. As a note, while there are no fees for doing ACH external transfers, there is a maximum of $5,000 out per day. He seemed to indicate this applied if it was pulled from an external bank, too. Also, there is an inactivity fee on the account after 12 months of no activity, but this won't matter for people who get this CD deal since it will mature in 9 months and the money can move out then. Activity can be a push and pull of any amount (i.e. $1) in and out of the Base Share Savings account per year.
RJM   |     |   Comment #148
Wait, this sounds like the penfed roach motel, If I can only pull out $5000 a day.

Can anyone clarify if that is the case?
Kicking myself for not asking that yesterday.
I need to do the math to see if its worth paying a wire out fee. If they will even do that.
I just I guess finished signing up for online access. My application is still pending. 

Just requested a call back.
TheBombingRange   |     |   Comment #150
$5000 and they said yes. I'm not sure if that is indeed true, but I spoke with the call center "team leader" John so I assume it is. Not a big deal to me, but it may be to others. You may also ask them to raise the limit, not sure if they would approve that.
deplorable 1
deplorable 1   |     |   Comment #151
I hope the CSR was just confused between internal and external ACH limits(I have run into that before). I will ask when I call to open the CD.
JDubs   |     |   Comment #153
The $5,000/day limit only applies to transfers initiated at Andrews. I've pushed and pulled more than that via external banks without issue or fees.
deplorable 1
deplorable 1   |     |   Comment #154
Thanks JDubs this was much needed info for many of us! Banks and credit unions really need to bump up these low ACH daily and monthly transfer limits. At least the ACH speed seems to be improving at most institutions.
TheBombingRange   |     |   Comment #155
Very weird that the team lead of the calling center thought that the $5k limit still applied from external pulls. Glad that you've had no issues doing those pulls out.
RJM   |     |   Comment #156
I never did get a callback yesterday. No email with my account number and the $5 ach has not yet cleared.
RJM   |     |   Comment #157
I just called and she said the limitation is $5000 per day and $25,000 per month. And they charge $25 for an e-wire. Then I reiterated that I meant I would be pulling it from elsewhere and she said there were no limitations then. As JDubs mentioned. She was not able to pull up any record of my account yet but said to try back in an hour and a normal rep would be able to. I may just wait for the email. I did not bring up the fact that I want to do a shared branch deposit by check because I did not think that would be a problem based on what I read previously and my experience doing that with NASA.
deplorable 1
deplorable 1   |     |   Comment #158
Same here RJM no email yet. I checked the application status on their website and it still says approved pending. This is starting to remind me of GTE. I would be concerned about using a shared branch and having a check get lost in credit union limbo land. Hopefully I can get a rep to pull straight out of Northern as soon as I get a account number. I bet these guys are getting swamped over there and may not have been ready for the volume of new applications for this CD.
larry   |     |   Comment #160
You might run into the limits problem if you have them pull directly out of Northern. One other thing, once you go to an affiliate CU and make the deposit with your account number on the back of check you will receive a receipt. When you go back home or from a smart phone you should immediately be able to open up your CD. There is no waiting for check to arrive at Andrews and your CD should immediately start earning interest. This is what a knowledgeable CSR told me the other day on the phone. The affiliate CU of Andrews should process the check immediately and the funds shouldn't have to wait until Andrews receives the check if that is how it works. On a side note seems some joker is posting a few comments as me about a week ago. Using the word "u" and "!!!!!!!" Guess I'll have to get a more unique ID.
deplorable 1
deplorable 1   |     |   Comment #159
Most credit union reps seem to get confused between internal and external ACH transaction limitations. I find you really need to hammer them on the EXTERNAL ACH. It took me multiple attempts at GTE and NFCU to get them to admit that pulling from a third party bank had no limitations.
RJM   |     |   Comment #161
I just got my email with member number. Now, do I run to a credit union or take a nap and do it later today or monday? Leaning toward Monday now that I see a 9 month at 3%.(not for me though)
RJM   |     |   Comment #163
Hot Deal At Firelands Fed Credit Union: 9-Month CD, 3.00% APY
POSTED ON FRIDAY, JULY 13, 2018 BY Ken Tumin

Deal Summary: 9-month Promotional Certificate, 3.00% APY, new money, $5k min/$250k max deposit.
Availability: Residents of Huron and Crawford Counties, Ohio, and of portions of Erie, Sandusky, and Seneca Counties, Ohio.
deplorable 1
deplorable 1   |     |   Comment #164
A credit union in Ohio which is not available nationwide ;(
Nothing   |     |   Comment #165
What does it say about rates/economy when the 7 year cd rate is 2.2% and 9 month rate of 3.05?
RJM   |     |   Comment #166
Where is this 3.05% 9 month CD? I see the 3% but I'm not moving for a cd.

And last I looked, 7 year brokered paid 3.50%.

This 3% deal has me rethinking the 2.75% deal. If my email would have came a few hours earlier, I might have already funded it with a large amount. Now, I am either not going to do it at all or do it for a significantly lower amount.

My prior thinking was the 2.75% would be a top rate for 4-5 months anyway. Now, Its blown out of the water by the Firelands deal.
deplorable 1
deplorable 1   |     |   Comment #167
We can't get that deal unless you live in Ohio anyway. 2.75% is still the best nationwide.
RJM   |     |   Comment #168
I know but it hints that others might not be far behind. And if we are locked in we won't be able to hop on them.
TheBombingRange   |     |   Comment #169
I didn't put all my money into the Andrew's basket since I like liquidity. I also believe that the Northern 2.26% Money Market will be beaten in a few short months, so the money will move out of there as well. Same kind of thing with the NASA/Navy Fed 2.25% deals, great at the time, less great now, probably won't be great in a few months. Same thing with the GTE deals. My 30 month CD at 2.53% is making me feel stupid now, but luckily I opened with the $500 minimum and it's an add-on CD in $20 increments, which I assume I won't be needing. It really was a safety net deal, looking back, in case rates drop.
deplorable 1
deplorable 1   |     |   Comment #172
I opened up 2 of the GTE CD's for $5,000 a piece but only added $20 to them just to keep the savings active every 6 months. I did credit card funding though and earned a additional 2% cash back with the Citi double cash card so 2.53% + 2% = 4.53% APY for the first year plus rate insurance. No regrets on that one!
larry   |     |   Comment #170
What's the difference between a callable and noncallable CD's? I saw a 3.55% 5 yr. callable brokered CD yesterday, but there has to be more than the issuer has the right to call in the CD? The biggest problem I have with the brokered CD is they do not indicate the EWP and you have to drill down into the prospectus for that info.
deplorable 1
deplorable 1   |     |   Comment #171
The callable CD is just that the company has the right to call in the CD at any time during the 5 year term. I opened one of these back in 07 at a bank for 6% and they ended up calling it in 09 after interest rates tanked. My guess is that they think rates of 5 year CD's will be going up higher and that they have a substantial EWP so I would find out what that penalty is before locking up funds.
RJM   |     |   Comment #174
I did not know brokered CDs had an EWP. I thought you had to sell them in the open market. Or maybe it's just a smaller loss than whatever the penalty would be?
deplorable 1
deplorable 1   |     |   Comment #173
I'm still waiting for the email. These guys must be swamped.
RJM   |     |   Comment #175
I applied July 11th at 3:55pm and got the confirmation email July 13 at 12.52.
So about 45 hours.

I'm guessing the weekend is what is slowing yours down.
Deplorable 1
Deplorable 1   |     |   Comment #176
Yes it seems like everything banking shuts down on the weekends. I just noticed this deal has been removed from the 6 month CD list here at DA. Andrews still has it listed on their website though. I hope they don't try and pull this offer before I can get a account number and open this CD! I left Andrews a note during my application that I intended to open the 9 month 2.75% CD just in case. I hope I will be able to get this deal done by Monday.
RJM   |     |   Comment #177
Yeah, I did that too. They told at least 2 of us it will last thru Sept though so I think we should be good. I'm just unsure how much to deposit. The 3% one just gives me pause that others might not be too far behind. For a short term cd anyway.
deplorable 1
deplorable 1   |     |   Comment #179
Yeah that's the tough part figuring out how much to put in. I can't max it out because I have 2 0% no fee balance transfers coming due within 9 months. I think I can spare about $90,000. My NFCU 17 month 2% CD($50,000+int.) matures in 19 days but this isn't a add-on and I don't want to wait that long as this deal may be dead by then. It's always good to keep some cash on hand for the next deal anyway.
RichReg   |     |   Comment #178
The removal of this deal from the 6 month CD list must have been an error as it now shows same as before. Also, just called the 800 number and after-hours for Andrews indicated their internal material shows this special as still active.
deplorable 1
deplorable 1   |     |   Comment #180
I applied on the 11th and still nothing from them. I sent them a secure message today from the application center. I'm afraid to call and be on hold forever.
RJM   |     |   Comment #184
I called 3 times, the 2nd time they did not call back. The 3rd time, I called before regular hours and they could not tell me the status, said to call during regular hours.

When calling, press "1-3-1-2" to talk to someone will save a bunch of frustration.

I did not make my deposit today because I still have not decided exactly how much I want to deposit.

I fear as soon as I open the account, something better will come along and make me regret it.

So, I will probably opt for a middling or moderate amount.

I have CDs maturing on 7/31 and more around the end/first of the year and then a large amounts from Nasa on 1/20 and 2/5. And by that time savings accounts should be paying 2.75%.

And maybe by then, longer term CD rates will rise. I would not mind a 3-4-5 year term if there is a decent premium. Maybe a ladder with 3, 4 and 5 year terms?
deplorable 1
deplorable 1   |     |   Comment #185
@RJM: The only thing I could see happening to make this CD look bad is if a 3% 6 month CD came along. You have to go out 3 years @ 3% to beat this by a decent margin. I basically already have a 3 year CD ladder from some older 2-5 year CD's which are looking pretty bad at 2.5% so I'm a bit gun shy to lock in longer term CD's at the moment. Thanks for the info I'll probably try calling in tomorrow.
TheBombingRange   |     |   Comment #186
Repping the "1-3-1-2" trick! After hours, it's just 3-1-2. Very helpful. They do actually do do calls back, it will take up to a day though.
RJM   |     |   Comment #187
You are the one who gave me the trick, sorry I did not credit you.

Speaking of bad CD deals. A year ago today, I bought a brokered 5 year at 2.2%. SMH.
It is valued at .971. (A 2.9% discount)
Not selling it but it was a bad purchase.

Still not sure how big I want to go on this 2.75% deal.

If we have 2 more quarter point raises, its reasonable to think a top savings account might pay 2.75% and a 9 month CD 3.25%.

The alternative to buying CDs is to buy high dividend paying stocks and given my age, that is probably the smarter move. I own some but the dollar value is dwarfed by what I have in cash/cd's.
RJM   |     |   Comment #188
I just checked the date 9 months from today and its wed 4/19. So no reason not to go ahead & buy one today. If it matures on a weekend its probably best to wait a day or two.
TheBombingRange   |     |   Comment #189
Sounds like a plan! No worries about crediting me, just trying to help people talk to real people faster. It's nice that at Ally you only have to press 0!
RJM   |     |   Comment #190
I deposited my fairly large check. Came home & called to transfer it and they are supposed to call me back.

Set up online banking but its not letting me open the cd because the money is not available yet. 2 day hold.

Set it up at Mint. 
Hope they call back soon.
Here is where it says its supposed to be good thru 9/30... (subject to change)

9 Month Share Certificate SpecialGet one of our best rates for a shorter term. Open a new 9 Month Share Certificate and get 2.75% APY*.

*APY available for a limited time only and may change at any time. APY effective July 5, 2018, is 2.75%; interest rate is 2.722%. Certificate has a $1,000 minimum and a $250,000 maximum balance. Must maintain a minimum $1,000 balance to earn the advertised APY. At maturity, all 9 Month Certificates will automatically renew at the 12 Month share certificate rate and term. Each individual member limited to one Special 9 Month Certificate during the promotional period. Deposits are insured up to at least $250,000 per individual depositor by NCUA. 

Offer valid 07/05/2018 - 09/30/2018 (subject to change). Limit 1 per member. Mimimum 1,000.00 deposit required to open.
RJM   |     |   Comment #191
They don't have anyone working the phones. That is clear. 2 hours later and still no callback. They said there were only 2 people ahead of me.
deplorable 1
deplorable 1   |     |   Comment #193
I finally got my account number and signed up for online access. My $5 for the share account has not yet been pulled from my external bank as of yet. Do I need to wait to call and open the CD until the $5 posts to the account or can I call now?
deplorable 1
deplorable 1   |     |   Comment #194
I have been waiting on hold forever today. I finally got to a CSR and I don't think she knew what to do with me when I told her I wanted to open this CD for $85,000 so she transferred me to "another department" whatever that means. I'm still on hold because of their low ACH transfer limitations. The cap is supposed to be $250,000 so their limit makes no sense.
DOA   |     |   Comment #195
Deplorable 1

You should be able to open your cd from your online account. At the very bottom of the page on the below Andrews link explains how you can open your 9 month special cd from your online account by clicking the options and extras tab and then clicking open an additional account.
RJM   |     |   Comment #196
That funding option did not work for me because my check had a long hold so I had no availability. I called 3 times yesterday and they never called me back. Also left a "high urgency" private message and they responded about 16 hours later.

They opened the CD today rather than yesterday. I asked for it to be backdated to yesterday because of their inability to answer the phone or return calls. She said she forwarded it to someone. The difference between 2.75% and .31% is more than a few pennies on my CD amount. I don't think that is an unreasonable request given I have never before experienced a credit union where they did not answer the phone or return calls all day.
deplorable 1
deplorable 1   |     |   Comment #197
I finally got to someone who could help me on the phone yesterday. She told me that they can only pull a maximum of $10,000 into the CD even by phone! She said I need to deposit the check at a "shared" branch. Luckily I have Christian community credit union shared branch near me. So I go over there to deposit the check and they looked at me like I was from the planet Mars because I was trying to deposit a $85,000 check!?! The branch manager comes over and tells me they have a $50,000 limit per day but I can come back tomorrow and their "risk" department could call Andrews and determine if it is ok to deposit that amount. Apparently their risk department was closed for the day. First of all I'm just making a deposit not trying to take out a loan so what the heck would they need to have a risk department get involved for? So I'm off again to the credit union just trying to make a simple deposit. Then I will still need to call Andrews back so they can open the CD. This has by far been the most difficult CD I have ever opened in my life!
deplorable 1
deplorable 1   |     |   Comment #198
I have no way of transferring $85,000 to the share savings as both Andrews and Northern have a $5,000 maximum ACH per day. This is the crux of the problem.
TheBombingRange   |     |   Comment #199
I definitely agree that this has been pretty difficult, much more so than NavyFed. If you do two days of $50k and $25k checks into your Andrews base share savings account, can't you open the CD two days from now?
deplorable 1
deplorable 1   |     |   Comment #200
That's exactly what I will do if depositing the whole amount fails today. I have never had a problem making a deposit before. I also don't like all the personal information you need to put on the paper deposit slip like SS# drivers license # phone # all the things required for someone to do identity theft. I sure hope those slips get shredded!
DOA   |     |   Comment #201
As long as you had an Andrew's share account number setup, I am not sure why the Andrew's rep. did not suggest that you wire the funds to that account. If you are willing to pay the wire fees involved, that would definitely get it there within a day's time. If you did the wire early enough in the morning, you could probably go online and get the CD on that same day.
deplorable 1
deplorable 1   |     |   Comment #202
Well after going through 3 employees and 2 branch managers at Christian Financial CU I was finally able to get the $85,000 deposited to the share savings after much finagling on my part. Andrews would not approve the deposit and said Christian CU must approve it. They told me any check over $10,000 requires strict approval from their "risk" department so making 2 deposits would not have worked either. Now I'm on a long hold with Andrews trying to get them to open this CD. I'll post back if I am ever successful.
RJM   |     |   Comment #203
Is that the only credit union near you? There are 4-5 different CUs within 5 miles of me. 

I did not have any problem except when I tried to transfer it from the share to open the cd. It showed like an 11 day hold. The lady at the cu I deposited it said it would be a 2 day hold.

And then of course all day yesterday they did not answer the phone or return my calls. And have not heard back since 6:35 am on my backdate request.
deplorable 1
deplorable 1   |     |   Comment #204
There is another one but it was farther away and all the others were Christian Financial as well. I bet they stuck a long hold on my check too so I will probably have the same problem as you.................I'm still on hold! lol
RJM   |     |   Comment #205
Any hold will prevent you from opening the CD online but a rep can easily do it.

If they actually answer the phone.

My secure message from yesterday is is the only reason I am not on hold with you.

They opened the CD from that...the next day and $10 in lost interest later. Good thing I put "urgent' on the message. Otherwise, it might be next month. LOL
deplorable 1
deplorable 1   |     |   Comment #206
Success! I finally was able to get the CD opened by phone and it looks like it is opened online but their website does not show the interest rate. I think it is earning the 2.75% as of today even though the check is on hold. Is your CD open now RJM? Do you see it when you log in? Are we earning interest even with the check still on hold?
RJM   |     |   Comment #207
Mine is open on their website but mint still shows it all in the share account? (Maybe it will update overnight?)

I think we earn 2.75% from the day of deposit. Although for me, I only got .31% yesterday unless they backdate it for me.

The hold does not affect interest. It just means we can't withdraw it.
RJM   |     |   Comment #208
How did you get a rep? Yesterday, I think I called 4 times and 3 of those it said there were 2 people ahead of me each time. Which is a lie or it proves they were not answering the phone all day during business hours. Their system seems to make you hold 5+ minutes before they give you the option of requesting a callback. I requested 3 call backs yesterday starting at 10am. Did not get one.
deplorable 1
deplorable 1   |     |   Comment #209
I was just patient and waited on hold. The first csr always transfers me to a different department where I have to again wait on hold but the second csr then takes care of me. The friendly csr also gave me the option to choose renewal or deposit to savings at the end of the 9 month term. I chose deposit to savings. Now I just have to figure out how to pull it all out later when it matures.
RJM   |     |   Comment #210
I set a reminder 7 months from now to set up a link at Ally, AA or my Broker so when it matures I can ACH it out. Our member number is the share account so all we need is their routing number.
DOA   |     |   Comment #211
So after 9 months, hopefully rates will be higher then, but then again they may not. Only time will tell whether parking your money in this short term cd with a good rate was a good move or not.
RJM   |     |   Comment #212
The rate is, by far, the highest 9 month rate open to anyone right now. So regardless of what rates do, in 9 months, we look at our options and decide again.

And the end of last year, I locked in what I thought was a good 1 year rate at 2%.

Now, its less than many savings accounts pay.
TheBombingRange   |     |   Comment #213
I was told that you can't see the interest rate through the online login, only when the interest posts each quarter. Has anybody found a way to see it online?
RJM   |     |   Comment #214
When you go to Current Account Information, it lists you name & account number and then a clickable link which takes you to rate page but, not just the 9 month, all their rates for everything.

Deposit and Loan Rates
Last Dividend Date....... --/--/----
Open Date................ 07/18/2018
Maturity Date............ 04/18/2019
Last Statement Date...... 07/17/2018
Reg D Transfer Count..... 0
Reg D Check Count........ 0

In other news, my CD is not showing up on Mint like it automatically does for every other bank & credit union. It seems the share account as a suffix of S0000 and the CD has a suffix of S0100. But, I did not enter the suffixes.

I hope that corrects itself. Nowhere else have I ever had to do that.
RJM   |     |   Comment #215
I tried to get mint to pickup the CD by entering the suffix but it failed both with the suffix directly after my member number and with a space in between.
TheBombingRange   |     |   Comment #216
On Mint, I always add my accounts by doing the login of the bank, not any sort of manual addition of accounts. They worked for both the savings and CD, not sure about your issue. Maybe delete and re-add Andrews to Mint?
RJM   |     |   Comment #217
Good idea with the delete & re-add, went there to do it and the CD appeared before I bothered. Not sure what the delay was about.
deplorable 1
deplorable 1   |     |   Comment #220
Nope but I just sent them a message asking why the interest rate is not posted in online banking. I'll post back when I get a response. The details section doesn't even have a spot for the rate just a link to their current share certificate rates which is useless as it doesn't even include the specials on that page.
deplorable 1
deplorable 1   |     |   Comment #221
Sorry the post above was a response to TBR's comment #213.
deplorable 1
deplorable 1   |     |   Comment #218
I forgot about the 5 business day hold at Northern when I wrote the check for this CD. Luckily the entire balance just became available today just in time for the check to clear! Whew the last thing I needed was a bounced check with all the trouble I had a a shared branch just getting it deposited in the first place.
deplorable 1
deplorable 1   |     |   Comment #219
I did learn something about using credit union shared branches that I did not know. I always assumed that when you use a shared branch that YOUR credit union's rules and terms would apply and take precedence. This however appears to be wrong. When you use a shared branch you are also subject to all the terms of the other credit union as well which includes things like deposit and transfer limits, fees etc even though you are not a member of the shared branch itself. It's bad enough having to deal with one credit union's terms and limitations but combining the terms of 2 credit unions can be a real nightmare to wade through.
RichReg   |     |   Comment #229
@deplorable 1; #219 -- You should have read either of my posts #35 or #53 where I mentioned that Shared branches can have their own deposit/withdrawal limitations. You should double-check what branch you're going to use if you decide on a cashier's check @ maturity.
deplorable 1
deplorable 1   |     |   Comment #238
Thanks Rich I must have missed that! This was my first time using a shared branch and I'm fairly new to credit unions in general. No cashier's check for me it will go into the share savings and I will use Discover savings to ACH the entire amount out. Then pull it into Northern or AllAmerica since Discover is slow. I will avoid using a shared branch whenever possible.
RichReg   |     |   Comment #239
Cool...good luck.
I just went thru the same process (and wait time) that you guys did ;; applied on Monday,.. just got my account approved yesterday. AND my online banking is up and running! (after a lengthy phone call).

My Shared branch is really close to my home and I've had experience with them before with an Xcel FCU promo, so I'm going that route. Will move forward with the deposit and subsequent CD opening on Monday.
RJM   |     |   Comment #222
When I signed up for online banking, it said something about signing up for estatements. I think it said something about a $5 monthly fee for regular statements. I would not have been happy if I was charged a fee. So if you did not sign up for estatements, you probably should.
In other news, I did NOT hear back from them on my request to have the CD backdated by a day. 

I hope it does not require a BBB complaint.
DOA   |     |   Comment #223
You should check with them, but if you happen to be 65 or older, the fee is waived.
deplorable 1
deplorable 1   |     |   Comment #224
I signed up for estatements as well when that pop up appeared and that was the first time I saw that fee. You also need to have annual activity in the share account and they force you to do a password reset every 6 months. Christian Financial credit union slapped a whopping 14 day hold on my check! It looks like I am earning interest on $85,000 in both accounts for 14 days since the check is on hold. I don't usually write checks so is this possible that my money can be earning interest at 2 places at the same time since the CD is already opened? You may be earning interest in 2 places as well RJM if your check is still on hold.
RJM   |     |   Comment #225
no. In fact, my CD account shows a NEGATIVE $1000 AVAILABLE. And 0 in the share account. My money earned .31% the first day because answering the phone is just too much for them.

I REALLY hate having to change passwords every 6 months. Do they confiscate the $5 if you don't have annual activity?

I will probably close it out after the CD matures unless they have another great rate.
deplorable 1
deplorable 1   |     |   Comment #226
Well they pulled the money from Northern today even with the hold but it does look like I earned interest for a day or two at both places. My CD looked funded on the 18th. I checked out the fee schedule and it says $5 fee for no account activity for 12 months and the paper statement $5 fee is also listed. A fairly large list of fees they have so be careful. I'll probably keep this account open as it does look like they do run CD specials quite often. I'll be closing my Vibe CU account as soon as my 2.5% 5 year CD runs out in about 2 years as they have had 0 deals in 3 years and their rates did nothing but drop with FED hikes. They also post interest quarterly but make you login every 60 days or face a bs credit union. My current list of CU's is NFCU, GTE, Andrews and Vibe. GTE will probably be the next to go if they don't have any good CD specials.
TheBombingRange   |     |   Comment #227
With you there with dropping GTE... the change in their checking account cost/types, plus their mandatory activity every 6 months has been frustrating. This 9 month deal at 2.75% is beating their 30 month deal at 2.53% hands down. Luckily it's an add on and has a very low minimum opening balance, I'm right near there.
deplorable 1
deplorable 1   |     |   Comment #228
The GTE CD's were worth it if you did the max credit card funding which was $5,000 which is why I did 2 of them earning a additional 2% on top of the 2.5%. I only added $20 to them though just to keep activity in the savings. I'm glad I opted not to open the checking account with them though since you can transfer in and out from the savings unlike NFCU which requires the checking for ACH transfers.
deplorable 1
deplorable 1   |     |   Comment #230
I just got a response back from customer service today about the website not showing the interest rate:
Good afternoon

We are experiencing higher than normal volume due to our current certificate promotions and apologize for the delayed response.

Unfortunately, you are not able to see the Annual Percentage Yield information in online banking however it is shown on the certificate disclosure when you opened the account online through our application center.

I have confirmed that a 9 month certificate for $85,000.00 is showing an APY of 2.750%. Thank you for choosing Andrews Federal Credit Union, we truly appreciate your business.

Member Support
I find it very strange that you can't view the interest rate on a existing CD online. In fact this is the first time I have ever seen a bank or credit union fail to post the current rate on either a savings account or existing CD. I think I will need to make a copy of my application and this email for my records just so I can prove that the rate is 2.75% just in case there is a issue when the interest posts.
deplorable 1
deplorable 1   |     |   Comment #231
I just realized that I only joined the credit union online. I opened the CD over the phone so I never had the opportunity to save a PDF copy of the interest rate. I basically have 0 documentation of the interest rate. I wonder if we can request a paper copy or pdf statement with the interest rate posted on it?
Reader 1
Reader 1   |     |   Comment #235
deplorable 1, Andrews shows the interest rate on the statement and in 'account activity' when the interest is posted as follows:
"Div Dep: x.xx% Annual Percentage Yield Earned x.xx% from mm/dd/yy through mm/dd/yy".
But, Andrews does not show the rate in the account information or anywhere else online.
Poor design!
deplorable 1
deplorable 1   |     |   Comment #236
Thanks Reader 1. I just checked the mail today and they actually sent me out a paper receipt with the posted 2.75% rate so I'm all good now. Funny that they didn't tell me they were going to do that.
the cast of characters
the cast of characters   |     |   Comment #232
This whole thread has been like I'm watching a Marx Brothers or Three Stooges movie.
!!!   |     |   Comment #233
Yes, and all that from supposedly savvy investors. L.O.L.
RJM   |     |   Comment #234
Perhaps you would again like to tell us again that 2.75 is 2.06 but that 2.05 is better?

I understand, math is tough when all your energy goes into creating new monikers.
deplorable 1
deplorable 1   |     |   Comment #237
You 2 clowns could be dumb and dumber as you don't even know the difference between APR and APY! lol
Timing belt adjustment
Timing belt adjustment   |     |   Comment #240
They advertise this rate for Jumbo CD's but their ACH limit for funding is $10,000 and you can only get one CD at the promotional rate.
I set up an Andrews FCU savings account before applying for the CD so theoretically I could have wired $100,000 to the savings account or used ACH to transfer $60,000 to savings before funding the CD from the in house savings account.
After spending 12 days in pended status the savings account was approved so I then applied for a 9 month Jumbo which was to be funded from the savings.
The CD application remained in pended status for 2 more days then was suddenly canceled!
The savings account pulled cash from an external account but funds are still unavailable.
I guess I should thank them for the rate forecast?
luckyj   |     |   Comment #241
Just got off the phone with them - Turns out the $5000 daily/$25,000 monthly limit applies to BOTH incoming and outgoing transfers. Some say you can "ACH push" the money in to contribute more than the limit but the problem is getting it out on the back end. So, if you were able to push in $75 or $100K and get the 9 month CD, at maturity you'd have to take it out in $25K increments via ACH over 3 or 4 months. Other alternatives are a cashier's check to you or a wire transfer at a service cost. They need to get with the times and raise their ACH profiles.
RJM   |     |   Comment #242
Someone said we can walk in a shared branch and walk out with a check and I hope that is the case. Or I can transfer it to a local 1.51% credit union and then i transfer it via ACH to my broker.

If either of those are not the case, I will not be happy about it.

A few months ago, penfed told me there was a $5000 a day limit. This time, they said that was wrong and I could transfer more. I had a $50k CD mature this week and it was ACH pulled via my broker.

So I was previously given incorrect info which caused me to spend $20 on a wire.
Timing belt adjustment
Timing belt adjustment   |     |   Comment #243
They didn't want to accept a large wire from me even after I submitted two credit reports. One of the reports listing Andrews FCU as a reviewer so they knew my credit was spotless. The limit of one CD at the promotional rate is enough of a warning flag. After two weeks they canceled my CD application for $100,000 rather than approve it. Yield curve for CD's is actually inverted now with a few other *locals* offering teaser rates over 3% for just a 1 year deposit!, reminds me of 1999.
Timing belt adjustment
Timing belt adjustment   |     |   Comment #247
When I opened the Andrews FCU savings account there was a clear text message stating the $10,000 limit for "ACH transfers" (for savings). My external bank does not have either ACH or wire limits so I could have pushed $100,000 to the savings once it was approved and I had a beneficiary account number. After I opened the "9 month CD" specifying $100,000 be funded from the savings account both applications were frozen as "pended" for over 10 days. The savings account was approved after 12 days so I could have pushed then.

I messaged the CSR to make sure there weren't any large wire transfer limits using the Andrews bank to bank transfer form at the end of the 9 month CD term. No response from customer service other than the 9 month CD application was suddenly flagged as canceled? I still think there may be some unpublished limits for this offer.
Dunmovin   |     |   Comment #248
Just love breaches of contract...reminds us of the new/old Wells
deplorable 1
deplorable 1   |     |   Comment #244
That conflicts with what others have said. Other Andrews members have reported that ACH transfers are unrestricted when initiating the transfer from a 3rd party bank. This wouldn't be the first time that the CSR's at credit unions get confused between internal and external ACH limits. I was told conflicting information at NFCU and GTE as well. Can anyone confirm if ACH transfers are restricted when initiated from a external bank?
Newbie1   |     |   Comment #245
I can confirm ACH transfers pushed in from an external bank have not been restricted. If pulling our via ACH turns out to be an issue I will more than likely use a wire and pay the fee.
deplorable 1
deplorable 1   |     |   Comment #246
Thanks Newbie1 I was assuming that I could ACH pull $85,000 out of the share savings at maturity. I guess I'll pay for the wire if that's not possible. I have never run into that type of restriction before.
luckyj   |     |   Comment #249
Well.....I hate when people don't follow up so I am here to follow up after success (and a very unexpected easy process). Here's my advice to everyone - DO NOT do the online's ridiculously plodding to get through and is rife with the possibilities of rejects, holds, errors, etc.

After confirming a few days ago I could "ACH push" in more than the Andrews limitations, I did that thru an external account. I thought that it was going to be a pita but it went super smoothly and after I confirmed the test deposits in my Andrews acct the money transferred into it after a few days. I had also confirmed with my earlier contact with Andrews that I could set it up over the phone.

Then today I called numerous times getting the automated message that all reps were busy over and over. Undaunted I waited and finally got a live person - this one told me I could only set up the CD via online banking or at a physical branch.....I told her I had spoken to another rep the other day who told me they would assist me with setting it up over the phone....I asked for a "specialist" (this is what you need to do....many of the phone jockeys have no clue what they're talking about).

I was transferred and then waiting another few minutes was talking to someone who knew what they were doing. It literally took about 5 mins (my combined calling/hold times were about 30 mins) for her to confirm some particulars (easy stuff) , confirm the amount I wanted to put in that it was done. She then emailed me a .pdf of the actual CD agreement showing all the info (including interest rate, origination & maturity dates, terms, etc) and had me check it to make sure all was ok. She really made the process quick, easy and seamless. I was online and able to confirm the money had been transferred immediately from my saving account. No holds, waits, etc. I had thought there was a hols until certificate could be issued but NOPE....issued immediately with a maturity date of 5/8/18 (9 months from 8/8 the day I called).

It turned out to be an unexpected pleasure in getting it done and dealing with someone competent....Andrews does have some issues with their phone drones but if you make a little effort to get someone who knows (a specialist) it's easy peasy.
BOG   |     |   Comment #250
is anyone still doing this 9m CD ? or are they waiting for a better short ? term offer
RJM   |     |   Comment #251
It's still a top rate. But, in 3-4 months it will be an average rate probably.

A case can be made for either buying now or holding off and waiting for a higher rate.

Flip a coin.

I bought I guess about 2 and a half months ago.

The 15 month 3.25% from NASA is dead now, lowered to 2.75%.
BOG   |     |   Comment #252
It came out Heads. With 200K going to Ally for safe keeping in NP CD I'll be ok for that 9m rate. More CD mature in Jan. getting harder to commit funds.
RJM   |     |   Comment #253
Anyone else having a problem with Andrews? MINT won't update for 3 days and I can't sign in. They don't answer the phone, of course.
#254 - This comment has been removed for violating our comment policy.
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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Andrews FCU Extends Black Friday CD Deals Through 12/31/2016

UPDATE 12/1/16: The Black Friday CD deals have become "Holiday" CD deals, and are extended through December 12/31/2016.

Availability: Easy membership requirement

On Monday, DA reader and contributor, ChasR, posted about Andrews Federal Credit Union (Andrews FCU) Black Friday Share Certificate deals, which are available now through November 30 December 31, 2016: 3-month Share Certificate (3.01% APY), 18-month Share Certificate (1.81% APY), and 84-month Share Certificate (3.01% APY).

The minimum opening deposit is $1k and the minimum balance to earn the stated APYs is $1k. Dividends are compounded...

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Andrews FCU Promotes Long-Term "Nest Egg" IRAs
Availability: Easy membership requirement

Andrews Federal Credit Union (Andrews FCU) is currently featuring two IRA Nest Egg Certificates (Traditional, Roth, and CESA): 72-month (2.25% APY) and 84-month (3.00% APY).

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...

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Andrews FCU (Easy Membership) Hikes Rates For Military Appreciation Month
Availability: Easy membership

May is Military Appreciate Month and Andrews Federal Credit Union (Andrews FCU) is observing the occasion by offering higher rates on the 6-month and 18-month Share Certificates throughout the month of May.

6-month Share Certificate

  • 3.25% APY Military Certificate
  • 3.00% APY Civilian Certificate

18-month Share Certificate

  • 2.25% APY Military Certificate
  • 2.00% APY Civilian Certificate

The minimum deposit is $1k of new money, with a maximum deposit of $15k. This Military Appreciation Month offer is limited to one Share Certificate Special per member per account. In other words, you can open a...

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More Past Offers

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