KEMBA FCU (OH) Has New Promo CDs: 44-Month and 14-Month


Deal Summary: Advantage Promotion Certificates - 14-Month (3.00% APY), 44-month (4.00% APY), $10k min/$50k max, new money, Advantage status required, limit of one Certificate per person, available through April 30, 2018.

Availability: Residents of Delaware, Fairfield, Franklin, Licking, Logan, Madison, and Union Counties, Ohio; Employees/members of 280 Partner Companies.

Now through April 30, 2018, KEMBA Financial Credit Union (KEMBA) is offering two Advantage Promotion Certificates: 14-Month (3.00% APY) and 44-month (4.00% APY). The minimum deposit is $10k of new money with a maximum deposit of $50k. New money is defined as funds “not on deposit with KEMBA in the past 12 months.”

Both Certificates are available as IRAs (Tradition and Roth), earning the same APYs with the funding and relationship requirements.

There is a limit of one Advantage Promotion Certificate per member: either a 14-month or a 44-month, not one of each.

If member has multiple accounts, member is only permitted one promotional Certificate in total.

According to CSR, the Early Withdrawal Penalty is either “half of all the interest earned on the amount being withdrawn or $25 dollars, whichever is greater.”

KEMBA Advantage

While the Advantage program is described as a perk,

As an Advantage member you can do more with your money and
get even more out of your membership! Advantage members receive
bonuses on most deposits, and a rate reduction on most loans.

the required qualifications make it sound more like a Rewards Checking Account.

To earn KEMBA Advantage member status, the following requirements must be met each month:

(1) Have an active checking account and make at least 15 qualifying transactions, which include any combination of the following: cleared checks, Debit Card signature transactions, online bill payments, electronic loan payments made from your KEMBA checking account, automatic deposits or withdrawals, and Virtual Deposits;

(2) Have Direct Deposit of your entire payroll, Social Security, or pension check (minimum of $1,000/month);

(3) Receive eStatements.

The fine print on the Certificate promotion page states,

Promotional rate available only to KEMBA Advantage members meeting program requirements for the full life of the Certificate; otherwise the 14-month Certificate
will adjust to 1.30% APY and the 44-month Certificate will adjust to 2.00% APY.

Approximately a year ago, KEMBA offered an Advantage promotional rate on a 60-month Certificate, but that commitment of five years of 15 monthly qualifying transactions and monthly $1k+ Direct Deposits only earned an additional 75 bps. Here’s how the numbers play out with the current offerings:

14-Month Certificate $50k

3.00% APY = approximately $1,754 interest

1.30% APY = approximately $759 interest

44-Month Certificate $50k

4.00% APY = approximately $7,733 interest

2.00% APY = approximately $3,765 interest

Thanks to DA reader, Juniper1 and alan1, for their Forum posts about the Advantage Promotion Certificates.


Headquartered in Gahanna, Ohio, KEMBA Financial Credit Union’s field of membership (FOM) is primarily residency based, with individuals who live, work, worship, or attend school in the Ohio counties of Delaware, Fairfield, Franklin, Licking, Logan, Madison, and Union eligible to join.

Employees/members of more than 280 Partner Companies (businesses and associations) qualify for membership.

In addition, family members of current KEMBA FCU members are welcome to apply.

Joining KEMBA can be done at any of eleven Ohio branches, located in Bellefontaine, Columbus (4), Gahanna (2), Grove City, Pickerington, Powell, and Westerville.

According to the Advantage Promotion Certificate promotion page, the Certificates can be opened in any of the above mentioned branches, or by phone (800.282.6420, option 4).

Credit Union Overview

KEMBA Financial Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 2.84% (excellent) based on December 31, 2017 data. In the past year, KEMBA increased its total non-brokered deposits by $127.91 million, an excellent annual growth rate of 16.31%. Please refer to our financial overview of KEMBA Financial Credit Union (NCUA Charter # 61623) for more details.

Founded in 1933, KEMBA (an acronym for Kroger Employee Mutual Benefits Associate) Financial Credit Union originally served the employees of The Kroger Company, a grocery store chain. The original branch was located in the Kroger Bakery in downtown Columbus, Ohio. KEMBA is currently Ohio’s third largest credit union, with more than 97,300 members and assets in excess of $1.2 billion.

How the Advantage Promo Certificates Compare

When compared to the 236 similar length-of-term CDs tracked by that requires a minimum deposit of $10k or less and are available within the FOM, KEMBA Financial Credit Union’s 44-month Advantage Promo Certificate APY currently ranks first.

When compared to the 274 similar length-of-term CDs tracked by that requires a minimum deposit of $10k or less and are available within the FOM, KEMBA Financial Credit Union’s 14-month Advantage Promo Certificate APY currently ranks first.

The above rates are accurate as of 4/20/2018.

To compare the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.

Related Pages: Columbus CD rates, Dayton CD rates, 1-year CD rates, 5-year CD rates

  |     |   Comment #1
My guess is that over a 44 month period, one is most likely to mess one particular item up. It could be as simple as a pension payment to the account being completed on the 1st of the month and on the last day of the month 30th or 31st where the employer sent the pension check a day early --- which has happened to my family more than once. That would nix the direct deposit requirement and forfeit the interest rate. There are too many gotchas and the I believe the likelihood is more apt to be some kind of a miss over a 44 month period (or the 14th month period as well).,
  |     |   Comment #2
Too many qualifications for this one.. Reward account in my opinion!

To bad!! A % rate, that I have been waiting to obtain.
  |     |   Comment #3
Too many hoops in this one to consider. So many hoops that its hard not to get snared and stuck with a lower rate. Also well out of my region.
  |     |   Comment #4
Got an email fromNorthwest CU. Now has 5 year CDs paying between 3.05% and 3.15%. To get the 3.15 the minimum is $250k.
  |     |   Comment #5
Thanks Rickny good info!
  |     |   Comment #6
Too many requirements and too small a base.

I would not do it if I lived in their area.
  |     |   Comment #7
Just received an email from Northwest FCU - Heritage Club members qualify for a 5 year CD of 3.41% APY.
  |     |   Comment #8
Yup, me too.
  |     |   Comment #10
Do you mean for a member who is above 62 with 250K?
deplorable 1
  |     |   Comment #9
It's like a stealth rewards checking account with debit card hoops and a DD requirement. They are definitely looking to hook people on a technicality and pay them the 2% rate. Better study the fine print very carefully on this one.
KEMBA FCU Adds March Madness 60-Month CD w/Relationship

UPDATE 4/7/2017: Offer extended through April 29, 2017.

Deal Summary: March Madness 60-Month Certificate; 3.00% APY (Advantage members); 2.25% APY (non-Advantage members); $5k min/$1m max; available through April 8 29, 2017.

Availability: Residents of Delaware, Fairfield, Franklin, Licking, Logan, Madison, and Union Counties, Ohio; Employees/members of 250+ Partner Companies and 14 Associations.

Now through April 8 29, 2017, KEMBA Financial Credit Union (KEMBA) is offering a March Madness 60-month Certificate, earning 3.00% APY for KEMBA Advantage members, and 2.25% APY for non-Advantage members. The minimum deposit is $5k,...

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