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.

3.09*%$100k-Interior Federal Credit Union60 Month Share Certificate
OTHER TIERS: 2.98% $500 - $100k
3.09*%$100k-Interior Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
OTHER TIERS: 2.98% $500 - $100k
Rates as of January 16, 2019.

Interior FCU’s Share Certificates are also available as IRAs (Traditional, Roth, CESA), earning the same tiered APYs with the same funding requirements.

Summer Special 18-Month Certificate

About ten days ago, Interior FCU added a Summer Special 18-month Certificate, earning 2.68% APY ($500 min) and 2.78% APY ($100k min). The 18-month Certificate requires new money, which is defined as “not on deposit with Interior Federal Credit Union at or within 90 days prior to account opening.”

There is a ten-day grace period before the 18-month Certificate renews as a 12-month Certificate.

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

Terms of 48 months or over – 365 days' dividends

Terms of 12 months to less than 24 months – 90 days' dividends

Funding and Accessing Maturing Funds

Funding a Certificate and accessing maturing funds can be by ACH, wire, or check. According to CSR, there is no dollar limit on ACH transfers.

Thanks to DA reader, JDubs, for his Forum post about Interior FCU.


Headquartered in Washington, D.C., Interior Federal Credit Union has a way for virtually any U.S. resident with valid a Social Security number to join. Interior FCU’s online application lists five different routes to membership:

”I work for or am retired from” (60 organizations named, including several Department of the Interior Bureaus).

”I volunteer for” (40 organizations named).

”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.

”I am an associate/member of” (17 associations named).

And finally,

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. This page also has a "join now" button that links to the online application.

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

Interior FCU is a member of the CO-OP Shared Branching Network, allowing members to do business free of charge in more than 5,000 credit union branches throughout the United States.

Credit Union Overview

Interior Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 4.13% (excellent), based on March 31, 2017 data. In the past year, Interior FCU has increased its total non-brokered deposits by $5.7 million, an excellent annual growth rate of 3.76%. 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 more than 14,000 members, Interior FCU is currently the eighth largest credit union headquartered in the District of Columbia, with assets in excess of $189 million.

How the Share Certificates Compare

When compared to the similar length-of-term CDs tracked by that are nationally available, Interior Federal Credit Union's 60-month Share Certificate APYs currently rank first and third, regardless of minimum deposit requirements.

When compared to the similar length-of-term CDs tracked by that are nationally available, Interior Federal Credit Union's 18-month Share Certificate APYs currently rank second and fourth, regardless of minimum deposit requirements.

The above rates are accurate as of 7/16/2018.

To searching for the best CD rates, both nationwide and in your state? Please refer to CD Rates Table page.

Related Pages: Washington CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

LinusP   |     |   Comment #1
The interest rate of the $500-minimum is incorrect in the first table under 'How the Share Certificates Compare' - it shows 2.29%, not 3.29%.
plowking   |     |   Comment #2
60 month pays dividend quarterly . 48 month penalty for early withdrawal , ouch...
plowking   |     |   Comment #3
Also they charge to do a ach transfer ...
alan1   |     |   Comment #4
plowking -- Ken Tumin's description of the penalty is correct. The penalty for early withdrawal is 365 days of dividends, not 48 months, as you write.
see p. 34 of the "Membership Agreement and Disclosures"
plowking   |     |   Comment #8
Thanks for the correction ??
plowking   |     |   Comment #9
Also compounds quartly ??
ijine   |     |   Comment #5
While a 365-day EW penalty for longer CDs is what a lot of institutions have now, one can still easily find many others with only half of that (180 days). And charging for ACH xfers? Um... to me, that's kind of a warning bell for the kind of institution it is. They would have to have an incredible rate much higher than others for me to go with them. Sharonview had 4% a few months back -- that was worth it. I have more money maturing soon, but esp under 100k, can find similar rates at institutions with only 180 day EWP.
ijine   |     |   Comment #6
To each his own of course, but Live Oak Bank, for instance, is currently at 3.20% and only has 180 days EWP. Even if one has the intention of not withdrawing early, one can never predict an emergency, so if there's a big difference (Sharonview's 4%) I'll go ahead and take the higher APY and chance the penalty. But if there's practically no difference (3.20 vs 3.29 for under 100k) I'll go with the place whose penalty is only half (and doesn't charge ridiculous fees like for ACH xfers). But again, to each his own.
montb   |     |   Comment #7
Or you can always go to Chase Bank, where the current rate for even an 83 month CD, is... 0.25%!!!
me1004   |     |   Comment #10
Re the info about how you can fund the account, since the credit union is in the shared branch system, you also can go to a shared branch near you and make the deposit, it will be in your account at this CU immediately as if you had done it at their branch.

The shared branch system is wonderful, it makes credit unions so much easier to deal with than banks. It is much faster than the ACH, and even faster than same-day federal funds wire, as the shared branch deposit is immediate rather than hours later in the day. And its free, as opposed to paying for federal funds wire or same-day ACH.

Banks, instead of complaining the CUs are beating them, should provide a similar service, which could be same-day ACH for free and without limits on the amount (many drastically limit how much you can send through the ACH, maybe no more than $20,000 or even significantly less than that).
cumulus   |     |   Comment #11
Interior FCU rates page shows drop in 5 year CD APY today; now 2.98% $500 min (was 3.29%), now 3.09% $100K min (was 3.39%)
5.83% 7-Month CD at a Washington DC CU (Interior FCU)
Interior FCU has updated its certificate special since my last post. Instead of a 14 month term, it's now a 7 month term. The CD rate remains at 5.83% APY with the same $1K minimum deposit. The standard rates remain very competitive ranging from a 5.27% APY 6-month CD to a 5.72% APY 48-month CD. These are available as a regular CD, a Roth or Traditional IRA CD or a Coverdell CD. You can apply for the regular CD's online.

The field of membership includes all employees and volunteers of the...

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5.83% 14-Month CD at Washington DC CU (Interior FCU)
Interior FCU is having a special rate on a 14-month certificate. The APY is 5.83% (5.70% interest rate). The minimum deposit is $1,000. This is available as a term share certificate or an IRA certificate (Roth, Traditional or Coverdell). In addition to this promo, the credit union has competitive yields on all of its CDs. The 4-year CD has an APY of 5.72%. You can apply online for these.

The field of membership includes all employees and volunteers of the US Department of the Interior which includes the National Park...

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