Cornerstone Financial Credit Union Has 14-Month CD Special, 2.75% APY

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Deal Summary: 14-month Regular Certificate Special, 2.75% APY, $500 minimum deposit, new money.

Availability: Easy membership requirement for residents of Tennessee and Kentucky; residents of several Nashville area communities.

Tennessee-based Cornerstone Financial Credit Union (CFCU) is currently offering two Certificate Specials: 14-month (2.75% APY) and 9-month (2.35% APY), with the 14-month having the more competitive rate. A $500 minimum deposit of new money is required to open either Certificate Special. While all of CFCU’s non-special Certificates have tiered APYs based on deposits of $500, $25k, and $50k, both Certificate Specials offer the same APY for all deposit levels of $500 or greater.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.75%$500$25kCornerstone Financial Credit Union14 Month Regular Certificate Special - New Money
2.75%$25k$50kCornerstone Financial Credit Union14 Month Jumbo Certificate Special - New Money
2.75%$50k-Cornerstone Financial Credit Union14 Month Super Jumbo Certificate Special - New Money
Rates as of July 23, 2019.

According to the fine print on Rates page, the Early Withdrawal Penalty reads as follows:

Early withdrawal will result in loss of all dividends earned during the promotional period.

Availability

Headquartered in Nashville, Tennessee, Cornerstone Financial Credit Union’s field of membership (FOM) provides a path to membership for almost any resident of Tennessee or Kentucky.

Easy Membership: Tennessee and Kentucky residents who allow CFCU to send their name, address, and email to Adventure Science Center for a 60-day free trial are eligible for membership. “You do not have to retain membership with the Adventure Science Center after your 60-day free trial to remain a CFCU member.”

Although this option isn’t listed on the Membership page, CSR confirmed it is still available. As the Membership page reads,

“If you do not meet eligibility through any of the above option, not a problem!
Please contact us (615) 208.9210 to discuss eligibility questions.”

Residency: Individuals who live or work in the Tennessee communities of Antioch, Dickson, Franklin, Murfreesboro, Goodlettsville, and three Nashville Zip Codes (37212, 37103, 37011) qualify for membership.

Education Affiliation: All employees of Tennessee public and private schools, colleges, and universities are eligible to join.

Employment: Employees and retirees of many SEGs also qualify.

Joining CFCU and/or opening a Certificate Special can be done online, or at any of six Tennessee branches located in Clarksville, Dickson, Franklin, Hendersonville, Murfreesboro, and Nashville.

All members must maintain a Share Savings account with $25.

CFCU participates in the CO-OP ATM Network and MoneyTower ATM Network, giving its members access to thousands of nationwide fee-free ATMs.

Credit Union Overview

Cornerstone Financial Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.45% (excellent), based on March 31, 2019 data. In the past year, CFCU has increased its total non-brokered deposits by $31.97 million, an excellent annual growth rate of 10.14%. Please refer to our financial overview of Cornerstone Financial Credit Union (NCUA Charter # 67972) for more details.

Cornerstone Financial Credit Union is currently the 14th largest credit union in Tennessee, with more than 40,000 members and assets in excess of $388 million. Founded in 1955 by a group of Davidson County (Nashville) teachers, the Credit Union's name was changed in 1992, as the FOM had expanded to include a more diverse membership. Not forgetting its education-based roots, CFCU sponsors a scholarship program to “assist those students who display outstanding character and perseverance in achieving their goals.” Since 2011, the Cornerstone Financial Credit Union Scholarship Program has awarded $25,000 annually to “rising seniors in Middle Tennessee.”

How the Certificate Special Compares

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that required a similar minimum deposit and are available within the FOM, Cornerstone Financial Credit Union’s 14-month Certificate Special APY currently ranks fourth.

Interest RateCD Length of TermCredit Union/Bank
2.85% APY12-Month CDQuontic Bank
2.81% APY12-Month Step Up CD SpecialSouthEast Bank
2.80% APY1-Year eCDHome Loan Investment Bank
2.75% APY14-Month Regular Certificate SpecialCornerstone Financial Credit Union

The above rates are accurate as of 7/4/2019.

To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Nashville CD rates, 1-year CD rates

Comments
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Availability: Easy membership requirement for residents of Tennessee and Kentucky; residents of several Nashville area communities.

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Availability: Easy membership requirement for residents of Tennessee and Kentucky; residents of several Nashville area communities.

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