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 prior to account opening.” There is also a $1 million maximum deposit per member.
The 6-month Share Certificate is also available as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.
As stated in the Membership Agreement, the Early Withdrawal Penalty reads as follows:
Terms of less than 12 months – 30 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.
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:
1. ”I work for or am retired from” (60 named organizations, including several Department of the Interior Bureaus).
2. ”I volunteer for” (40 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” (18 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.
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 transactions 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 DepositAccounts.com, with a Texas Ratio of 4.11% (excellent), based on September 30, 2018 data. In the past year, Interior FCU has increased its total non-brokered deposits by $16.38 million, an excellent annual growth rate of 10.66%. 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 15,700 members, Interior FCU is currently the eighth largest credit union headquartered in the District of Columbia, with assets in excess of $203 million.
How the Share Certificate Compares
When compared to 187 similar length-of-term CDs tracked by DepositAccounts.com that are nationally available and require a similar minimum deposit, Interior Federal Credit Union's 6-month Share Certificate APY currently ranks second.
The above rates are accurate as of 2/11/2019.
To searching for the best CD rates, both nationwide and in your state? Please refer to CD Rates Table page.