Inspire FCU (PA) Raises Rates On Short- And Long-Term CDs

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Deal Summary: 9-month Share Certificate, 1.20% APY; 15-month Share Certificate, 1.36% APY; 30-month Share Certificate, 1.76% APY; 60-month Share Certificate, 2.27% APY.

Availability: Residents of Bucks County, Pennsylvania.

Inspire Federal Credit Union (Inspire FCU) recently raised the rates on several of its Share Certificates: 9-month (1.20% APY), 15-month (1.36% APY), 30-month (1.76% APY) and 60-month (2.27% APY). The minimum opening deposit is of any of these Share Certificates is $500.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.27%$500-Inspire Federal Credit Union60 Month Share Certificate
1.76%$500$250kInspire Federal Credit Union30 Month Share Certificate
1.36%$500$250kInspire Federal Credit Union15 Month Share Certificate
1.20%$500-Inspire Federal Credit Union9 Month Share Certificate
Accounts mentioned in this post. Rates as of February 24, 2017.

All the Share Certificates are also available as IRAs (Traditional, Roth, CESA) earning the same APYs, with the same funding requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.27%$500-Inspire Federal Credit Union60 Month IRA Share Certificate (Traditional, Roth, CESA)
1.76%$500$250kInspire Federal Credit Union30 Month IRA Share Certificate (Traditional, Roth, CESA)
1.36%$500$250kInspire Federal Credit Union15 Month IRA Share Certificate (Traditional, Roth, CESA)
0.30%$500-Inspire Federal Credit Union9 Month IRA Share Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of February 24, 2017.

According to CSR, the Early Withdrawal Penalty for the 9-month Share Certificates is 30 days' dividends, and 90 days’ dividends for Share Certificates with terms of 1-year or greater.

Kasasa Cash Checking

About a year ago, Inspire FCU introduced its new Kasasa Cash Checking account, earning 1.51% APY on qualifying balances up to $10k; that APY is still in effect today. Qualifying balances over $10k earn 0.25% APY, with non-qualifying balances earning 0.01% APY.

Kasasa Cash Checking Qualification Requirements

  • At least 12 debit card purchases.
  • At least one Bill Pay, Direct Deposit, or ACH payment.
  • Be enrolled in and receive eStatements.

The Kasasa Cash account has no minimum balance requirement, monthly service fee, or minimum opening deposit. Nationwide ATM fees will be reimbursed up to $20 per cycle. There is a limit of one account per Social Security number.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.51*%-$10kInspire Federal Credit UnionKasasa Cash Checking
Accounts mentioned in this post. Rates as of February 24, 2017.

Inspire FCU is still offering a limited-time $25 referral bonus for new Kasasa Cash accounts.

Encourage them to open a Kasasa® Checking Account at Inspire.
If they do, we’ll reward both of you with $25!

Availability

Headquartered in Bristol, Pennsylvania, Inspire Federal Credit Union’s field of membership (FOM) is primarily residency based, with U.S. citizens who live, work, worship, or attend school in Bucks County, Pennsylvania eligible for membership.

Immediate family members of current Inspire FCU members are eligible to join, even if they do not live, work, worship, or attend school in Bucks County.

Joining Inspire FCU and opening a Share Certificate account can be done online, or in person at either of the two Pennsylvania branches located in Bristol and Langhorne.

Credit Union Overview

Inspire Federal Credit Union (NCUA Charter #1759) has an overall health grade of "B+" at DepositAccounts.com, with an excellent Texas ratio of 3.60%, based on September 30, 2016 data. In the past year, Inspire FCU has increased its total non-brokered deposits by $15.17 million, an excellent annual growth rate of 18.52%. Please refer to our financial overview of Inspire Federal Credit Union for more details.

Inspire Federal Credit Union was established in 1936 as Bucks First Federal Credit Union, with a FOM focused on local teachers. Now in its 81st year of operation, Inspire FCU is currently Pennsylvania’s 48th largest credit union, with more than 14,000 members and assets in excess of $127 million. In keeping with its educational roots, the Credit Union has become the “#1 Provider of Financial Education” to Bucks County Schools.

How the Share Certificates Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Inspire Federal Credit Union’s 9-month Share Certificate APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.20% APY9-Month Share CertificateInspire Federal Credit Union
1.00% APY9-Month CDChevron Federal Credit Union
0.96% APY9-Month eCDVirtual Bank

When compared to the 327 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Inspire Federal Credit Union’s 30-month Share Certificate APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
1.85% APY37-Month CD SpecialRTN Federal Credit Union
1.76% APY30-Month Share CertificateInspire Federal Credit Union
1.71% APY3-Year Money Market CertificatePenFed Credit Union

When compared to the 304 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Inspire Federal Credit Union’s 60-month Share Certificate APY currently ranks fourth.

Interest RateCD Length of TermCredit Union/Bank
2.32% APY5-Year Share CertificateMelrose Credit Union
2.30% APY60-Month CDMountain America Credit Union
2.27% APY60-Month Share CertificateInspire Federal Credit Union

The above rates are accurate as of 1/30/2017.

To search for the best CD rates, both nationwide and state specific, please refer to the CD rates section of DepositAccounts.com or our Rates Map page.

Comments
Inspire FCU (PA) Promotes 30-month CD And New Kasasa Cash Checking
Availability: Residents of Bucks County, Pennsylvania

Inspire Federal Credit Union (Inspire FCU) recently raised the rates on its 15-month Share Certificate (1.25% APY) and 30-month Share Certificate (1.76% APY). The minimum opening deposit is $500, with a “maximum amount allowable per certificate of $250k, and there is a maximum of one (1) certificate per social security number, per term.”

Both Share Certificates are also available as IRAs (Traditional, Roth, CESA) earning the same APYs, with the same funding requirements.

According to CSR, the Early Withdrawal...

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