DayMet Credit Union (OH) Boosts 18-Month CD Rate To New Heights


Deal Summary: 18-month CD, 4.50% APY, $1k minimum deposit

Availability: Ten southwest Ohio counties

DayMet Credit Union (DayMet) recently boosted the rates of its 18-month CD to 4.50% APY, which is the most competitive rate in the DayMet CD product line by far. The 18-month CD can be opened with a $1k minimum deposit; there is no stated balance cap.

The 18-month CD is also available as an IRA CD (Traditional and Roth), earning the same APY with the same deposit requirements.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

We will impose a penalty if You withdraw any funds before the maturity date. For Accounts with a term to maturity less than 12 months, the penalty imposed will equal 90 days' dividends. For Accounts with a term to maturity equal to or greater than 12 months, the penalty imposed will equal 180 days' dividends.

Funding and Other Particulars

  • Funding – ACH, wire ($25 fee), check, or internal transfer.
  • Maturing Funds – cashier’s check to the address on file, wire ($25 fee), or transferred into a Day-Met checking or savings account.
  • Dividends – compound and are credited monthly; earned dividends can be withdrawn once credited without penalty.
  • Grace Period – 10 calendar days before automatic renewal.
  • Beneficiaries – unlimited, percentages, Social Security numbers required.

American Share Insurance

DayMet Credit Union is not federally insured nor insured by any state government, but is instead insured by American Share Insurance (ASI), a provider of private share insurance for credit unions and the Excess Share Insurance Corporation, with accounts insured up to $500,000.

As stated on at the bottom of every page of DayMet’s website,

American Share Insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account. This institution is not federally insured.


For those not familiar with ASI, here are a few facts to help you decide if you’re comfortable with an ASI insured credit union:

  • ASI is the nation’s largest provider of private share insurance for credit unions.
  • ASI has been insuring credit unions since 1974.
  • Only ten states permit credit unions to be privately insured (Alabama, California, Idaho, Illinois, Indiana, Maryland, Nevada, Ohio, Texas, and Wyoming).
  • Privately insured credit unions are legitimate credit unions that are regulated by their home state.
  • ASI-only insured credit union liquidations have been rare, with only three occurring between 2009 and 2014: Cumorah Credit Union, Nevada (2009); USA One National Credit Union, Illinois (2012); and Bensenville Community Credit Union, Illinois (2014).

The above facts are intended as neither an endorsement of or an objection to ASI or ASI insured credit unions.


Headquartered in Dayton, Ohio, DayMet Credit Union’s field of membership (FOM) expanded more than a year ago and now includes individuals who live, work, worship, or attend school in the Ohio counties of Butler, Champaign, Clark, Darke, Greene, Miami, Montgomery, Preble, Shelby, or Warren.

Immediate family members of a current DayMet member are also eligible to join.

Joining DayMet can be done at either of two full-service Ohio branches located in Dayton and Moraine. Appointments are available and can be scheduled online. DayMet also has a “Become A Member” form.

Complete this form to get started. We’ll reach out to you with the next steps necessary to open your account.

While applying for a loan can be done online, opening a DayMet CD can only be done in-branch at either Ohio branch location or by phone (937-236-2562).

When you join DayMet Credit Union, you deposit $5 into a savings account to establish
your membership. This is your share of the credit union, making YOU a partial OWNER!

DayMet is a member of the CO-OP Shared Branch network and ATM network.

Credit Union Overview

DayMet Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.41% (excellent) based on June 30, 2022 data. In the past year, DayMet has increased its total non-brokered deposits by $5.04 million, an excellent annual growth rate of 5.28%. Please refer to our financial overview of DayMet Credit Union for more details.

DayMet Credit Union is currently the 66th largest credit union headquartered in Ohio, with nearly 9,000 members and assets in excess of $113 million. Established in 1957 for the benefit of General Motors employees, a community charter was adopted in the 1970s. Since its FOM expansion more than a year ago, DayMet membership has grown by more than 12%. According to a September 2021 CUInsight article,

“We are excited for the opportunity to provide our credit union services to individuals in these expanded communities,” Steve Shore, president/CEO of DayMet, said. “Many of our rural Ohio communities are limited in their financial product choices. We intend to provide them with additional, cost-conscious options to fit their needs.”

How the 18-Month Certificate Compares

When compared to similar length-of-term CDs tracked by that are available within the FOM and have minimum deposit requirements of $10k or less, two credit unions currently have higher rates than offered on the Day-Met Credit Union 18-month Certificate. The following table compares the 18-month Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

The above information and rates are accurate as of 11/7/2022.

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

Related Pages: Dayton CD rates, 1-year CD rates, IRA CD rates

DayMet Credit Union Has Competitive 18- and 24-Month CDs
Deal Summary: 18-month CD (0.85% APY) and 24-month CD (0.95% APY), $1k minimum deposit.

Availability: Ten southwest Ohio counties.

DayMet Credit Union (DayMet) increased the rates on all its CDs about two months ago, with the 18-month CD (0.85% APY) and 24-month CD (0.95% APY) having the most competitive rates. The minimum opening deposit for either CD is $1k, with no stated balance cap.

DayMet CDs are also available IRA CD (Traditional andRoth), earning the same APYs with the same deposit requirements.

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.