Another Top 15-Month CD Rate at Aspire Federal Credit Union


Aspire Federal Credit Union increased the rate of its 15-month CD to the competitive level of 1.26% APY. Minimum deposit is $1,000. This rate applies to an eCertificate which are share certificates opened online via My CU Online. The rate is 0.10% lower if the certificate is opened at one of the credit union’s branches. This 15-month CD is listed in the credit union’s rates page as of 6/24/2014.

For more details about the CDs, please refer to Aspire’s Policies & Disclosures page. In the bottom half of the list of disclosures, there are two links to the "Share Certificate Truth in Savings Disclosure". One is for branch rates and one is for web rates. According to the disclosure, the early withdrawal penalty for the 15-month CD is 90 days’ dividends.

This CD special is very similar to what Aspire offered last year, except that the special started in late July instead of June. It lasted until September 3.

The credit union also offers a reward checking account called Kasasa Cash. Both the rate and balance cap have fallen quite a bit since it was first launched over four years ago. It now pays up to 1.51% APY for balances up to $10K as of 6/24/2014. This rate has held since January 2012.

Credit Union Membership

Credit union membership is open to members of the American Consumer Council (ACC). Anyone should be able to join ACC. Aspire FCU has an online membership application, and in this application, you can choose the ACC option for membership. This option has the following instructions:

By choosing this eligibility option, I agree to the American Consumer Council (ACC) Membership Terms and Conditions and to become a member of the ACC through Aspire Federal Credit Union. There is no fee for ACC membership when I join Aspire Federal Credit Union. I further understand that my basic contact information will be provided to the ACC to establish my membership with their organization.

For more details, please refer to Aspire FCU’s eligibility requirements page.

The online application for membership allows the new member to select accounts like the savings and checking accounts, but CDs are not an option. To purchase the eCDs, you must first establish membership. Then you would log into home banking to open the eCD.

Credit Union Overview

Aspire FCU used to be FAA Eastern Region Federal Credit Union. Consequently, some of their branches are in FAA facilities that are not open to the public. Branches are located in New Jersey and New York.

The credit union has an overall health grade of a B with a Texas Ratio of 12.14% (above average) based on March 2014 data. Please refer to our financial overview of Aspire Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 5800).

How This CD Rate Compares

This CD rate just tops the 1.25% APY 15-month CD special at NASA Federal Credit Union. The best CD deal for a term close to 15 months continues to be the 17-month CD special at Xceed Financial Credit Union. That has a 1.50% APY. The best deal at an internet bank is a 15-month CD with a 1.15% APY. That’s at Synchrony Bank. These rates are accurate as of 6/24/2014.

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of

Related Pages: CD rates

  |     |   Comment #1
Can anyone share their experiences with Xceed?  Also, what is the real risk of opening a 5 year bank cd and closing it after say 2 or 3 years?  Can the bank change it's early withdrawal penalty after the cd is opened?  Is this unlikely to occur? 
  |     |   Comment #2
Read the bank's Disclosures and see if they give themselves the right to do this. Whether they will is always a chance we take when purchasing CDs.  No way to really know.
  |     |   Comment #3
Read all the comments about Xceed under its listing at DA
Special 15-Month CD Rate at Aspire Federal Credit Union - Easy Membership

Update 9/4/13: The special 15-month CD rate has fallen.

Over the last month we have seen some increases of long-term CD rates as Treasury yields have risen. However, there have been fewer short-term CD deals, and that’s why I’m happy to see this new CD deal at Aspire Federal Credit Union. It just came out with a special 15-month CD that has a 1.25% APY. Minimum deposit is $1,000. This special CD is listed in the bank’s rates page as of 7/31/2013. The credit union calls this an eCD that...

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Special 15-Month CD Rate at Aspire FCU in NJ, NY, NH and VA

Aspire Federal Credit Union is offering a 15-month certificate special with a 1.41% APY. Minimum deposit is $1,000. This special is listed in the credit union's rate sheet as of 1/13/2011.

Last year at this time Aspire had a similar CD special, but the yield was 2.01%.

As a comparison to internet banks on 1/13/2011, the best 1-year CD rate is 1.41% APY at Bank of Internet USA. As a comparison to credit unions with easy membership, the best 1-year CD rate is 1.75% APY at Connexus Credit Union (requires active checking).


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Competitive 15-Month Share Certificate Special at Aspire FCU in NJ, NY, NH and VA

Aspire Federal Credit Union is offering a 15-month certificate special with a 2.01% APY. Minimum deposit is $1,000. This special is listed in the credit union's rate sheet as of 1/18/2010.

I recently reported on this credit union's reward checking account which currently has a 3.51% APY for balances up to $25K. The reward checking account has an online application, but I don't see a similar one for this CD so it may require a branch visit.

According to Aspire's eligibility page, "If you are applying online, choose the organization you are...

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3.51% Reward Checking Account at Aspire FCU - Available Nationwide

Aspire Federal Credit Union is offering a high-yield reward checking account called Kasasa Cash. It has the following rates and features if certain monthly requirements are met:

  • 3.51% APY on balances up to $10,000
  • 1.01% APY on portion of balance over $10,000
  • Reimburses up to $25 in ATM fees nationwide per month

The monthly requirements include:

  • 12 debit card purchases
  • 1 Automatic Payment or Direct Deposit transfer
  • Receive electronic statements

Additional features of the account regardless of the monthly requirements include:

  • $50 minimum initial deposit
  • No minimum balance requirement
  • No monthly maintenance fee
  • Free Bill Pay

This account doesn't seem to be listed...

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5.60% 15-Month CD at a Multi-State Credit Union (FAA Eastern Region)
FAA Eastern Region FCU is offering two certificate specials. The first has a yield of 5.60% APY with a 15-month term. The second has a yield of 5.25% APY and a term of 9 months. Both have a minimum deposit of $1,000.

You can be eligible to join the credit union if you're a member of any one of three charitable organizations. Two of these have a membership fee of $25 and can be joined by anyone. The credit union also has a long list of select employeer groups. See site...

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