Higher Long-Term CD and IRA CD Rates at Apple Federal Credit Union

POSTED ON BY

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.60%$500-Apple Federal Credit Union120 Month CD
2.25%$500-Apple Federal Credit Union84 Month CD
Accounts mentioned in this post. Rates as of August 24, 2016.

Banks were the first to start increasing their long-term CD rates when Treasury yields began to rise in May, but a few credit unions have also been responsive. One of those is Apple Federal Credit Union. It has again increased its 7-year and 10-year CD and IRA CD rates. Its 10-year CD rate is now 2.50% APY (was 2.40%), and its 7-year CD rate is now 2.10% APY (was 2.00%). Minimum deposit is $500, and these are also available as an IRA CD. The rates are listed in the credit union's rate table as of 9/13/2013.

One major downside with these long-term CDs is a very harsh early withdrawal penalty. According to the Apple FCU’s account disclosure the penalty for terms greater than 60 months is:

the lesser of dividends earned since issuance or renewal or 1,095 days dividend.

That's 3 years of interest. As a comparison, PenFed's early withdrawal penalty for terms of 5 years or more is one year of interest. Like PenFed, they don't eat into your principal. So if the early withdrawal is at year one, you'll just lose one year of interest.

Credit Union Membership

According to the Apple FCU’s Join page:

Apple FCU membership and account opening is available to anyone who is an active member of NVADACA

Anyone can join NVADACA. The regular annual membership costs $20. According to the NVADACA membership page:

REGULAR MEMBERSHIP is open to anyone who is interested in the purpose of the Association.

You can be eligible to join Apple FCU without joining NVADACA if you live, work, worship or attend school in certain Virginia counties. There’s also a list of select employee groups. Please refer to Apple FCU’s Join page for the full details.

Credit Union Overview

Apple FCU’s main office is located in Fairfax, Virginia, and it has many other branch offices throughout Northern Virginia.

Apple FCU is a sizable credit union with $1.87 billion in assets. It has an overall health score at DepositAccounts.com of A+ with a Texas Ratio of 5.58% (excellent) based on June 2013 data. Please refer to our financial overview of Apple Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 11307).

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:

Comments
Higher Long-Term CD Rates at Apple Federal Credit Union - Easy Membership

We are starting to see some increases in long-term CD rates. The latest rate hike occurred at Apple Federal Credit Union which increased its 7-year and 10-year CD rates. Its 10-year CD rate is now 3.50% APY (was 3.25%), and its 7-year CD rate is now 3.00% APY (was 2.60%). Minimum deposit is $500, and these are also available as an IRA CD. The rates are listed in the credit union's rate table as of 2/18/2011.

One major downside with these long-term CDs is a very harsh early withdrawal penalty. According...

Continue Reading
Special 14-Month IRA CD at Apple Federal Credit Union - Easy Membership

Apple Federal Credit Union has again started the year with an IRA CD special. The rate is not as competitive as last year, but it's a decent deal in today's low-rate environment. The special is a 1.40% APY 14-Month IRA certificate. Minimum deposit is $500, and the maximum is $500,000. It's scheduled to end on 2/28/2011. The offer is listed in the credit union's promo page as of 1/07/2011.

Apple FCU continues to offer one of the best 10-year CD rates available with a 3.25% APY. The shorter terms are not...

Continue Reading
3.00% 14-Month IRA CD at Apple Federal Credit Union - Available Nationwide
Apple Federal Credit Union has again started the year with an IRA CD special. The rate is down from last year, but it's competitive in today's low-rate environment. Apple is offering a 14-Month IRA Certificate at 3.00% APY. Minimum deposit is $500, and the maximum is $500,000. It's scheduled to end on 2/20/2010. The offer is listed in the credit union's promo page as of 1/05/2010.

Apple also continues to offer competitive long-term CD and IRA CD rates. These include a 3.50% APY 60-month CD, a 3.75% APY 84-month CD and...

Continue Reading
Small and Large CD and Checking Account Deals at Apple FCU in Virginia - Easy Membership
Apple Federal Credit Union has several good deals on CDs and checking accounts. First is a 5.00% APY 5-month CD promo that's only available at their Falls Church branch. Maximum deposit is only $3,000, and there's a limit of one per household. This special is not listed at the credit union's website. Readers have mentioned this special, and I just called to verify that it's still available. According to the CSR, it's scheduled to end on 9/06/09. With a $3,000 balance, you'll earn about $37 more in this CD than...
Continue Reading
4.50% 14-Month IRA CD at Apple Federal Credit Union - Easy Membership
Apple Federal Credit Union has recently come out with a special 14-month IRA certificate with an APY of 4.50%. Minimum deposit is $500, and the maximum is $500,000. This promotion is listed in the credit union's January promotion page as of 1/04/2009. According to the small print, this offer is scheduled to last through February 15, 2009, but it's subject to change at any time.

From November through December this credit union had been offering 5.10% 5-year CDs. The rates are down for January, but they're still competitive. The 60-month APY...

Continue Reading

More Past Offers