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 ($100k minimum), the APYs are the same as offered on the Share Certificates.)

1.21%$1k-Enrichment Federal Credit Union60 Month Share Certificate
1.21%$1k-Enrichment Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA, SEP, SIMPLE)
1.06%$1k-Enrichment Federal Credit Union48 Month Share Certificate
1.06%$1k-Enrichment Federal Credit Union48 Month IRA Certificate (Traditional, Roth, CESA, SEP, SIMPLE)
Rates as of December 1, 2023.

All of Enrichment’s Share Certificates are offered as IRAs (Traditional, Roth, CESA), earning the same APYs with the same deposit requirements.

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

Terms of 1 year thru 5 years: 90 days dividends (or total dividends earned if open < 90 days)


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

Since I last wrote about Enrichment, an online application has been added to the website, which can be used to join Enrichment and/or open Share Certificates, savings, and checking accounts. On May 18, Enrichment re-opened the lobbies of its nine Tennessee branch locations to walk-in traffic during normal business hours, Monday through Friday.

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.

Credit Union Overview

Enrichment Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.73% (excellent) based on December 31, 2019 data. In the past year, Enrichment has increased its total non-brokered deposits by $50.41 million, an excellent annual growth rate of 12.02%. 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 45,000 members and assets in excess of $530 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 Share Certificates Compare

When compared to 213 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Enrichment Federal Credit Union’s 4-year Share Certificate Special APY* currently ranks first.

When compared to 215 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Enrichment Federal Credit Union’s 5-year Share Certificate Special APY* currently ranks first.

The above rates are accurate as of 5/29/2020.

Looking for the best CD rate, either nationwide or in your state? Please refer to our CD Rates Table page.

*While we continue to work to keep our rates up-to-date, there have been just too many rate cuts for us to process all the changes quickly. For the time being, please be aware that the rates listed at DepositAccounts.com may not reflect the latest rates published by the banks and credit unions.

Related Pages: Knoxville CD rates, 5-year CD rates

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...

Continue Reading

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.