Kemba Credit Union Adds 7-Month CD Special, 2.50% APY

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Deal Summary: Special CDs – 7-month (2.50% APY) and 72-month (3.25% APY), $500 minimum deposit.

Availability: Residents of 14 SW Ohio counties, eight Northern Kentucky counties, and two SE Indiana counties; Kroger Plus Card holders in Greater Cincinnati area, northern Kentucky and southeastern Indiana; employees of 600+ SEGs.

Ohio-based Kemba Credit Union (Kemba CU) started the holiday week by introducing a 7-month Special CD earning 2.50% APY. The 72-month CD Special, which was added in early May, is now earning 3.25% APY, following a 20 bps increase about two weeks ago. The minimum opening deposit for either CD Special is $500, with no stated maximum balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25%$500-Kemba Credit Union72 Month CD Special
3.25%$500-Kemba Credit Union72 Month IRA Special (Traditional, Roth, CESA)
2.50%$500-Kemba Credit Union7 Month CD Special
2.50%$500-Kemba Credit Union7 Month IRA Special (Traditional, Roth, CESA)
Rates as of July 15, 2018.

Both CD Specials are available as IRAs (Traditional, Roth, CESA), earning the same APYs with the same funding requirements.

According to CSR, the Early Withdrawal Penalty (EWP) is three months interest for CDs with terms of 12 months or less, and six months interest for terms greater than 12 month.

Availability

Headquartered in West Chester, Ohio, Kemba Credit Union’s field of membership (FOM) is wide and varied, with a way for almost anyone in Southwestern Ohio and the Tri-State area to join.

Residency – Individuals who live, work, worship, or attend school in the Ohio counties of Adams, Brown, Butler, Clark, Clermont, Clinton, Darke, Greene, Hamilton, Highland, Miami, Montgomery, Preble or Warren; or the Kentucky counties of Boone, Campbell, Carroll, Gallatin, Grant, Kenton, Owen, or Pendleton are eligible to join. Individuals who live or work in Dearborn or Franklin Counties, Indiana are also eligible for membership.

Kroger Plus Card Holders – Anyone with a Kroger Plus Card who lives in the Greater Cincinnati area, northern Kentucky, or southeast Indiana qualifies for membership. (Kroger is a grocery store chain with nearly 2,800 stores in 34 states and the District of Columbia.)

Company Partners – Employees of the 600+ Company Partners are eligible.

Relationship – Immediate family members of current Kemba CU members are welcome to apply.

Complete details are available on Kemba CU’s Membership Eligibility page.

Joining Kemba CU and/or opening a Special CD can be done at any of ten Ohio branches located in Amelia, Blue Ash, Cincinnati (5), Harrison, Mason, and West Chester, or at the Bluffton, Indiana or Florence, Kentucky branches.

The application process can also be started by filling out an online “Contact Me” form.

Please fill out the fields in the form below. One of our representatives
will contact you within one business day to complete the process.

Credit Union Overview

Kemba Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.81% (excellent), based on March 31, 2018 data. In the past year, Kemba CU has increased its total non-brokered deposits by $59.27 million, an excellent annual growth rate of 8.57%. Please refer to our financial overview of Kemba Credit Union (NCUA Charter 61810) for more details.

Kemba (Kroger Employees Mutual Benefit Association) Cincinnati Credit Union was founded in 1934 to serve the employees of the Kroger factory and packinghouse. By the end of 1939, the assets of the Credit Union had grown to $110k. With more than 95,000 members and assets in excess of $871 million, Kemba CU is currently Ohio’s fifth largest credit union.

How the CDs Compare

When compared to 248 similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Kemba Credit Union’s 7-month CD Special APY is currently the rate leader.

Interest RateCD Length of TermCredit Union/Bank
2.50% APY7-Month CD SpecialKemba Credit Union
2.20% APY9-Month Share Certificate SpecialService Credit Union
2.15% APY6-Month My Term CDMySavingsDirect

When compared to similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available within the FOM, Kemba Credit Union’s 72-month CD Special APY is currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
3.25% APY72-Month CD SpecialKemba Credit Union
3.10% APYHigh-Yield 6-Year CDMarcus by Goldman Sachs
2.75% APY72-Month CDThird Federal Savings and Loan

The above rates are accurate as of 7/4/2018.

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

Related Pages: Fort Wayne CD rates, Cincinnati CD rates, 1-year CD rates, 5-year CD rates

Comments
Blade
Blade   |     |   Comment #1
Nice deal if you live in one of the 3 listed states to qualify.
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Availability: Residents of 14 Southwestern Ohio counties, eight Northern Kentucky counties, and two Southeastern Indiana counties; Kroger Plus Card holders in Greater Cincinnati area; employees of 600+ SEGs.

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A 6-year term is long when rates are so low, but if you need a long-term CD for a CD ladder, this is one of the best long-term rates available.

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