Legacy Community Federal Credit Union 13-Month CD Earns 2.50% APY


Deal Summary: 13-month CD (2.50% APY), 25-month CD (2.75% APY), $500 minimum deposit.

Availability: Residents of eight central Alabama counties.

Legacy Community Federal Credit Union (Legacy) is currently offering very competitive rates on its 13-month CD (2.50% APY) and 25-month CD (2.75% APY). Either CD can be opened with a $500 minimum deposit and there is no stated balance cap.

Both CDs are also offered as IRAs (Traditional), earning the same APYs with the same funding requirements.

As stated on the Account Selection page of the online application, the Early Withdrawal Penalty for CD terms of 36-months or less is 90 days of dividends. According to CSR, partial withdrawals are permitted.

Funding can be done by ACH, wire, or check. Maturing funds can be distributed by cashier’s check or transferred into another Legacy account (checking, savings). There is a 7-day grace period before a CD automatically renews. (The 13-month renews as a 12-month CD and the 25-month renews as a 25-month CD.)

Unlimited beneficiaries (with Social Security numbers) can be named and will be assigned equal shares.


Headquartered in Birmingham, Alabama, Legacy Community Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the central Alabama counties of Bibb, Blount, Chilton, Jefferson, Shelby, St. Clair, or Walker, eligible to join.

Immediate family members (parent, spouse, sibling, child, grandparent, grandchild) of current Legacy members are also welcome to apply.

Joining Legacy and/or opening a CD can be done online, or at any of eight Alabama branches located in Alabaster, Birmingham (6), and Hoover.

You will be asked to make your initial minimum deposit of $5.00 with a secure debit or credit card transaction, ACH debit, or by mailing a check along with your signed account card. This is not a fee. You must deposit one share in your share (savings) account to establish your membership at the credit union.

Legacy participates in the CO-OP Shared Branch and ATM networks.

CO-OP’s nearly 30,000 ATMs and 5,000+ shared branches means you have more
direct, surcharge-free access to your money than most traditional bank customers do.

Credit Union Overview

Legacy Community Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.21% (excellent) based on June 30, 2019 data. In the past year, Legacy has increased its total non-brokered deposits by $11.84 million, an excellent annual growth rate of 3.19%. Please refer to our financial overview of Legacy Community Federal Credit Union (NCUA Charter # 24441) for more details.

Established in 1955 as University Credit Union, the original FOM included University of Alabama-Birmingham education and healthcare employees. The Legacy re-brand occurred in 2006 when the FOM was expanded to include the 7-county Greater Birmingham Metropolitan Area. Legacy is currently the 13st largest credit union in Alabama, with nearly 40,000 members and assets in excess of $449 million.

How the CDs Compare

When compared to 247 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Legacy Community Federal Credit Union's 13-month CD APY currently ranks first.

When compared to 236 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Legacy Community Federal Credit Union's 25-month CD APY currently ranks first.

The above rates are accurate as of 10/15/2019.

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

Related Pages: Birmingham CD rates, 1-year CD rates, 5-year CD rates

  |     |   Comment #1
This has been going on for at least 3-4 months. They have had signs in their parking lot. Nearby Heritage South Credit Union has a 2.75% 13 month.
High-Yield Reward Checking Account at Legacy Community FCU in Alabama - Local Only

Update: The rate and balance caps have fallen. Please refer to the bottom of the post for the rate history.

Legacy Federal Community FCU is offering a reward checking account called Premier Checking. The account has the following rates and features if certain monthly requirements are met (as of 4/9/2012):

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  • 0.25% base rate if qualifications are not met
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The monthly requirements include:

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Update: The rates have fallen. Please check the credit union's website for the latest rates.

Legacy Community Federal Credit Union is offering a competitive rate of 3.75% APY for a 5-year certificate. Minimum deposit is $500, and it's also available in an IRA CD. The shorter term CDs are not nearly as competitive. This 3.75% APY is listed in the credit union's certificates rates page as of 10/08/09.

The credit union continues to offer 4.00% APY on balances up to $25,000 in its Legacy Premier Checking Account. This is a reward checking...

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The field of membership includes anyone who lives, works, worships, or attends school in the 7-County Birmingham-Hoover Metro area. That includes the Central Alabama counties of Jefferson, Shelby, Blount, St. Clair, Walker, Chilton and Bibb. Membership requires a $25 deposit into a savings account.

The credit union is NCUA insured. It has $189 million in...

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