Interior Federal Credit Union Offers Top Long-Term CD Rates

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Update 1/12/22: Long-term Share Certificate rates have fallen twice since this post was first published on 12/29/22. (Jumbo 60-mo & 48-mo to 4.07% APY, regular 60-mo & 48-mo to 4.07% APY).

Deal Summary: Jumbo Share Certificates – 48-month (4.59% APY), 60-month (4.70% APY), $100k min/$250k max deposit.

Availability: Easy membership requirement

Interior Federal Credit Union (Interior FCU) is currently offering competitive rates on its long-term Jumbo Share Certificates: 48-month (4.59% APY) and 60-month (4.70% APY). The minimum opening deposit is $100k and is capped at $250k. The Interior FCU regular Share Certificates have APYs 10/11 bps lower and can be opened with a $500 minimum deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.07%$500-Interior Federal Credit Union48 Month Share Certificate
4.07%$500-Interior Federal Credit Union60 Month Share Certificate
4.07%$100k-Interior Federal Credit Union48 Month Jumbo Share Certificate
4.07%$100k-Interior Federal Credit Union60 Month Jumbo Share Certificate
Rates as of February 7, 2023.

The Share/Jumbo Share Certificates are also available as IRA Share/Jumbo Share Certificates (Traditional, Roth, and CESA), earning the same APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.07%$500-Interior Federal Credit Union48 Month IRA Certificate (Traditional, Roth, CESA)
4.07%$500-Interior Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
4.07%$100k-Interior Federal Credit Union48 Month IRA Jumbo Certificate (Traditional, Roth, CESA)
4.07%$100k-Interior Federal Credit Union60 Month IRA Jumbo Certificate (Traditional, Roth, CESA)
Rates as of February 7, 2023.

As stated in the Membership Agreement, the Early Withdrawal Penalty reads as follows:

Terms of 48 months and over – 365 days' dividends

Availability

Headquartered in Washington, D.C., Interior Federal Credit Union provides virtually all U.S. citizens and resident aliens (18 years or older, with a valid Social Security number) with a way to join. Interior FCU’s online application lists five different routes to membership:

1. ”I work for or am retired from” (68 named organizations, including several Department of the Interior Bureaus).

2. ”I volunteer for” (44 named organizations).

3. ”I am a family member of” (Interior FCU member’s name). “Family member” is defined spouse, children, siblings, parents, grandparents, and grandchildren, with step- and adoptive relationships included.

4. ”I am an associate/member of” (19 named associations).

And finally, #5:

Need another way to join? If you join our partner association, the New Mexico
Wildlife Federation, you are eligible for Credit Union membership. No cost to join.

Interior FCU’s Eligibility page contains a detailed list of the various organizations and associations that provide membership eligibility.

Account Opening

Joining Interior FCU and/or opening a Jumbo Share Certificate can be done online or at either the Washington, D.C. branch, located in the U.S. Department of the Interior Building, or at the Reston, Virginia branch.

Establish your membership and earn competitive dividends with
a Prime Savings account. Open your account with as little as $25.

Interior FCU is a member of the CO-OP Shared Branching Network, allowing members to do transactions free of charge in more than 5,600 credit union branches throughout the United States.

Funding and Other Details

The following information is from a recent phone conversation with CSR.

  • Funding – ACH, wire (no fee), or shared branch transfer.
  • CO-OP Shared Branch Participant – Yes.
  • Dividends – Compounded/credited monthly with automatic transfer to Interior FCU liquid account possible.
  • Maturing Funds – ACH, wire ($20 fee), or internal transfer.
  • Beneficiaries – Up to 6 (2 online, 4 manually added) with equal shares; Social Security numbers required for beneficiaries added online.
  • Grace Period – 10 calendar days before automatic renewal.
  • Credit Check – Hard pull from Equifax when joining.

Credit Union Overview

Interior Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 3.15% (excellent), based on September 30, 2022 data. In the past year, Interior FCU has increased its total non-brokered deposits by $30.82 million, an excellent annual growth rate of 14.41%. Please refer to our financial overview of Interior Federal Credit Union (NCUA Charter # 319) for more details.

Originally established in 1935 as the Department of the Interior Federal Credit Union, the Credit Union opened its doors for business during the Great Depression. At that time, many Department of the Interior employees were unable to get credit at local banks, so the Credit Union was formed to solve that problem. With nearly 22,000 members, Interior FCU is currently the eighth largest credit union headquartered in the District of Columbia, with assets in excess of $287 million.

How the 60-Month Jumbo Share Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationally and have minimum deposit requirements of $100k or less, no banks or credit unions have higher rates than currently offered on the Interior Federal Credit Union 60-Month Jumbo Share Certificate. The following table compares the 60-Month Jumbo Share Certificate to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

How the 48-Month Jumbo Share Certificate Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available nationally and have minimum deposit requirements of $100k or less, only one credit union has a higher rate than currently offered on the Interior Federal Credit Union 48-Month Jumbo Share Certificate. The following table compares the 48-Month Jumbo Share 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 12/29/2022.

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

Related Pages: Washington checking accounts, reward checking accounts, 5-year CD rates, nationwide deals

Comments
interested
  |     |   Comment #1
fyi- Freedom Credit Union (freedomcu.org) still has a 48 month (4.6% APY) and a 60 month (4.86% APY) that is not shown on the CD comparison list although it may be tougher to qualify for membership.
Robb
  |     |   Comment #3
Dipped a toe in on the Freedom 5 year deal last week my first entry onto anything beyond a 3 year term. Plenty of dry powder left should rates bump up higher on the long end. Another good example of the importance of keeping accounts open even after you move money out (had been out a couple of years) as membership restrictions appear to have tightened.  This CU has had a history of being competitive when the Fed is hiking rates.
chill08
  |     |   Comment #2
I debated this CU and CFG Bank for a 5 year, I chose CFG because the info listed with Interior
CU shows a hard pull. I don't know if that is a fact, but CFG CS told me they do not do either.
racecar
  |     |   Comment #4
For CDs at DOIFCU (Interior), the EWP CAN invade the principal. So if you close out a CD a few months after opening it, the EWP can and will eat into the principal. And the EWP isn't great, it's 365 days for the longer ones, not 180 days sadly. There are still some places with comparible rates that offer 180 days EWP and EWP that won't eat into the principal (GTE, with all their fees, is one example). DOIFCU Staff is friendly but CU is small. Rates are good, but main downside is harsher EWP.
Kaight
  |     |   Comment #5
These interest rates at Interior FCU are certainly attractive. But beware this warning posted here on fifth of October by Infinityy (and I quote):

"A bit difficult to get a membership open if you have a number of Chexsystems inquiries from rate/bonus-chasing."

A slightly different version of this happened to me a couple of months ago at a CU where I was already a member. After I had wired funds into my account there, I was initially denied the right to open a new CD based solely on my ChexSystems report. I was applying in person and my only ChexSystems negative was too active an account opening record.  There was no fraud or dishonesty of any sort.

I am not able to apply in person at Interior FCU. And it will cost me $25 to wire funds to them. If they are as ChexSystems crazy as I worry could be the case, will they allow me to open the five year CD? I dunno. But ChexSystems is a plague on us rate chasing savers.

It's probably best, if you're an existing Interior member with an active account opening record elsewhere, to telephone them and inquire whether or not ChexSystems can derail matters for existing members.  We already know it can happen to those seeking new memberships.
P_D
  |     |   Comment #6
"It's probably best, if you're an existing Interior member with an active account opening record elsewhere, to telephone them and inquire whether or not ChexSystems can derail matters for existing members."

Would be nice if you can get a reliable answer. But good luck. I have a hard time just getting a straight answer at many CUs about whether there's a hard pull or not. I use the best three out of five rule for that question. If 3 CSRs say there is a hard pull and 2 say there isn't it's a no-go. Still not perfect but it increases your odds.
Oldgoat54
  |     |   Comment #7
Well that didn't last very long
CharleyRay
  |     |   Comment #8
Yeah, Interior CU got $25 out of me, but that's as far as I'm going with them. I'm looking for rate increases, not rate drops.
P_D
  |     |   Comment #9
I still have an account here that I opened 4 or 5 years ago. I have a special affinity for this place as they helped me out of a serious bind when I had a tech failure at a very inauspicious moment and really came through. But that may have just been a particular individual there, and I don't even know if they're even there anymore. Otherwise I found them to be an average CU. And of course they do the hard pull which is and unfortunate negative.

I don't hold rate changes against an FI unless they play some kind of game where they're trying to obscure them. As long as they're transparent about it I can't blame them for changing their rates any more than they should blame me for shopping for the highest rate and passing up the lower rate. That's the way markets work. I can't expect them to lose money just to avoid disappointing me any more than I would be willing to lose money to avoid disappointing them. It's business.
Interior Federal Credit Union CD Rates Surge Upward
Deal Summary: Jumbo Share Certificates – 36-month (3.35% APY) and 24-month (3.02% APY), $100k minimum. 20-month Bump Up Jumbo Certificate (2.92% APY), $100k minimum.

Availability: Easy membership requirement

About a month ago, DA reader, rockies, mentioned in a Forum post that the CD rates offered by Interior Federal Credit Union (Interior FCU) don’t get a lot of attention. After yesterday’s significant rate increases, I think the Jumbo Share Certificates will spark a fair amount of interest (pun intended).

With rate increases ranging between 39-77 bps, Interior...

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Interior Federal Credit Union Boosts Long-Term Jumbo CD Rates
Deal Summary: Jumbo Share Certificates ($100k minimum) – 36-month, 1.01% APY; 48-month, 1.22% APY; and 60-month, 1.27% APY.

Availability: Easy membership requirement

It’s been more than two years since Interior Federal Credit Union (Interior FCU) had any blog-worthy rates to write about. That changed this week, following Interior FCU’s across-the-board rate increases on its Share Certificates and Jumbo Share Certificates. With rate increases ranging between 11-36 bps, Interior FCU’s long-term Share and Jumbo Share Certificates are the newest additions to this week’s CD Rates Summary. (The...

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Interior Federal Credit Union Ups 24-Month Jumbo CD To 3.14% APY
Deal Summary: 24-month Jumbo Share Certificate, 3.14% APY, $100k minimum deposit; 24-month Share Certificate, 2.98% APY, $500 minimum deposit.

Availability: Easy membership requirement

At the beginning of the month, Interior Federal Credit Union (Interior FCU) raised the rates on the 24-month Jumbo Share Certificate (3.14% APY) and 24-month Share Certificate (2.98% APY). All of Interior FCU’s CDs have tiered APYs based on $100k and $500 minimums.

The 24-month Certificates are also available as IRAs (Traditional, Roth, and CESA), earning the same APYs with the same funding requirements.

Continue Reading
Interior Federal Credit Union Offers 2.78% APY On 6-Month CD
Deal Summary: 6-month Share Certificate, 2.78% APY, $500 min/$1 million max deposit, new money.

Availability: Easy membership requirement

For a limited time, Interior Federal Credit Union (Interior FCU) is offering a competitive 2.78% APY on its 6-month Share Certificate. Unlike Interior FCU’s other Share Certificates that have tiered APYs ($500 and $100k minimums), the 6-month only requires a $500 minimum deposit of new money to earn the stated APY. New money is defined as funds “not on deposit with Interior Federal Credit Union at or within 90 days...

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Interior Federal Credit Union Boosts 60-Month CD Rate
Deal Summary: 60-month Share Certificate, 3.29% APY ($500) and 3.39% APY ($100k). Summer Special 18-month Certificate, 2.68% APY ($500) and 2.78% APY ($100k), new money.

Availability: Easy membership requirement

Interior Federal Credit Union (Interior FCU) recently raised the rates on its 60-month Share Certificate by 41 bps. The new two-tiered APYs are 3.29% ($500 min) and 3.39% ($100k min). In the past eight months, a total of 122 bps have been added to the 60-month Share Certificate.

Interior FCU’s Share Certificates are also available as IRAs...

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