Summer is over and the time for Fall planting is here. Iowa-based Ascentra Credit Union’s (Ascentra CU) has added a "Watch Your Savings Grow" 40-month CD Special (2.00% APY), which will "help you plant the seed and reap the rewards."
This limited time offer requires a minimum deposit of $500 of new money, with no balance cap.
According to CSR, the Early Withdrawal Penalty is a unique 355 days of interest.
Headquartered in Bettendorf (Quad Cities area), Iowa, Ascentra Credit Union’s membership eligibility is primarily based on residency.
Residency: Individuals who live or work in 13 eastern Iowa counties and eight northwestern Illinois counties are eligible for membership.
Iowa counties – Cedar, Delaware, Des Moines, Dubuque, Jackson, Johnson, Jones, Linn, Louisa, Muscatine, Scott, and Washington.
Illinois counties – Carroll, Henry, Jo Daviess, Knox, Mercer, Peoria, Rock Island and Whiteside.
Relationship: Family members of current Ascentra CU members are also eligible for membership.
Joining Ascentra Credit Union and/or opening a CD can be done online or at the nine Iowa branches located in Bettendorf (2), Clinton (2), Davenport (3), LeClaire, and Muscantine, or single Illinois branch located in Moline.
Credit Union Overview
Ascentra Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 2.53% (excellent) based on March 31, 2015 data. In the past year, Ascentra CU has increased its total deposits by $5.84 Million, an above average annual growth rate of 2.13% APY. Please refer to our financial overview of Ascentra Credit Union for more details.
Ascentra Credit Union (NCUA Charter # 63268) was established in 1950 as the Alcoa Credit Union, in the basement of the Aluminum Company of America (ALCOA) plant in Riverdale, Iowa. The formation of the Credit Union was spurred by a problem of the times: in 1950, credit was a luxury and not available to many. In its 65-year history, Ascentra CU has expanded its field of membership and its footprint to become the 9th largest Iowa credit union, with over 34,700 members and assets in excess of $352 Million.
How the CD Compares
When compared to the 309 similar length-of-term CDs tracked by DepositAccounts.com requiring a similar minimum deposit and available to Iowa/Illinois residents, Ascentra Credit Union's 40-Month CD Special currently ranks third.
The above rates are accurate as of 9/4/2015.
To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.