Enrichment Fed Credit Union (TN) Has Competitive 9-Month CD Special


Deal Summary: 9-month Share Certificate Special, 5.60% APY, $500 minimum deposit.

Availability: Residents of nine Tennessee counties (Knoxville metropolitan statistical area).

Enrichment Federal Credit Union (Enrichment) is currently offering a 9-month Share Certificate Special (SCS) with a competitive 5.60% APY. The minimum opening deposit is $500, with no stated balance cap. The 9-month SCS has the highest APY of any Enrichment Share Certificate by far: the next highest is the 60-month Share Certificate with a less-than-mediocre 1.21% APY.

The 9-month SCS is also available as an IRA SCS (Traditional, Roth, CESA, SEP, SIMPLE), earning the same APY with the same deposit requirements.

Early Withdrawal Penalty

As stated on the Rates page, the Early Withdrawal Penalty reads as follows:

Terms of less than 1 year: 30 days dividends (or total dividends earned if open < 30 days)

According to CSR, partial withdrawals are allowed and the principal will not be reduced, no matter when a withdrawal is made.


Headquartered in Oak Ridge, Tennessee, Enrichment Federal Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the east Tennessee counties of Anderson, Blount, Claiborne, Knox, Loudon, Morgan, Roane, Scott, or Union eligible to join.

Family members of anyone who lives in the above-mentioned nine Tennessee counties are eligible for membership, regardless of where they reside.

Account Opening

Joining Enrichment and/or opening a 9-month Share Certificate Special can be done online or at any of nine full-service Tennessee branches located in Clinton, Harriman, Kingston, Knoxville (4), New Tazewell, and Oak Ridge.

A $5 minimum deposit in a Regular Share Savings account establishes an Enrichment membership.

Although we don’t offer shared branching, it’s easy to stay connected to Enrichment FCU from anywhere, anytime. As a member, you have access to over 53,000 surcharge ATMs across the country in addition to Enrichment FCU branches and ATM locations.

Funding and Other Details

The following information is from the Certificate Disclosure and a conversation with CSR.

  • Funding* – ACH, wire (no fee), check, internal transaction.
  • CO-OP Shared Branch Participant – No.
  • Ownership – Individual, joint, or trust
  • Dividends – Compounded daily/credited monthly and cannot be withdrawn penalty free.
  • Maturing Funds – Cashier’s check or internal transfer to Regular Savings account.
  • Beneficiaries – Unlimited with equal shares; Social Security numbers are required for all beneficiaries.
  • Grace Period – 7 calendar days before automatic renewal as a regular 12-month Share Certificate. (FYI – the 12-month Share Certificate currently earns 0.55% APY.)
  • Credit Check – ChexSystems.
  • *Funds must be on deposit in an Enrichment Regular Savings account before opening a Share Certificate.

Credit Union Overview

Enrichment Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.52% (excellent) based on September 30, 2023 data. In the past year, Enrichment’s total non-brokered deposits decreased by -$5.42 million, an average annual growth rate of -0.76%. Please refer to our financial overview of Enrichment Federal Credit Union (NCUA Charter # 6778) for more details.

Chartered in 1950, Enrichment Federal Credit Union is currently Tennessee’s tenth largest credit union, with more than 45,700 members and assets of nearly $800 million. While the use of “Enrichment” in the name might sound trendy, it’s literally descriptive of the original FOM: employees of the Oak Ridge Gaseous Diffusion Plant (K-25), which enriched uranium for the Manhattan Project.

In 1942, the United States federal government chose the area as a site for developing materials for the Manhattan Project. Major General Leslie Groves, military head of the Manhattan Project, liked the area for several reasons. Its relatively low population made acquisition affordable, yet the area was accessible by both highway and rail, and utilities such as water and electricity were readily available due to the recent completion of Norris Dam. Finally, the project location was established within a 17-mile-long (27 km) valley. This feature was linear and partitioned by several ridges, providing natural protection against the spread of disasters at the four major industrial plants—so they wouldn't blow up "like firecrackers on a string."

How the 9-Month Share Certificate Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, one credit union has a higher rate than currently offered on the Enrichment Federal Credit Union 9-Month Share Certificate Special. The following table compares the 9-month Share Certificate Special to the four highest-rate similar length-of-term CDs from other banks/credit unions within the market area.

The above information and rates are accurate as of 1/30/2024.

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

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

Enrichment Federal Credit Union Has Competitive Long-Term CD Rates
Deal Summary: Share Certificates – 4-year, 2.02% APY; 5-year, 2.12% APY $1k minimum deposit.

Availability: Residents of eight Tennessee counties (Knoxville metropolitan statistical area).

Finding long-term CDs with rates at or above 2.00% APY is becoming more difficult. Two very competitive rates are currently being offered by Enrichment Federal Credit Union (Enrichment) on its 4-year Share Certificate (2.02% APY) and 5-year Share Certificate (2.12% APY). The minimum deposit is $1k, with no stated balance cap. (While Enrichment’s product line also includes Jumbo Share Certificates...

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Enrichment Federal Credit Union (TN) Adds 59-Mo CD Special, 3.56% APY
Deal Summary: 59-month Share Certificate Special, 3.56% APY, $2.5k minimum deposit, with at least 50% being new money.

Availability: Residents of eight Tennessee counties (Knoxville metropolitan statistical area).

Last week, Enrichment Federal Credit Union (Enrichment) added three Share Certificate Specials, with the 59-month having the most competitive rate – 3.56% APY. The minimum opening deposit is $2.5k and “at least 50% must be new money to the Credit Union.” The 59-month Share Certificate Special is also offered as a Youth Certificate, earning the same...

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