60-Month CD at Legacy Community FCU in Alabama - Local Only


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 account which has monthly requirements to qualify for the 4% (see post).

The credit union also has a promotion in which you can receive a $25 Gas Card for opening a CD or checking account. An ad for the promo is located on top of credit union's home page.

Membership is open to anyone who lives, works, worships, or attends school in the 7-county Birmingham-Hoover Metro area. Refer to the membership link at the credit union's home page for more details. Membership requires a minimum balance of $5 in the savings account.

The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial and 4 stars (sound) at Bankrate.com. The above rates are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 24421).

Other Competitive Certificate of Deposit Rates

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):

  • 2.00% APY on balances up to $15,000
  • 0.50% on portion of balances above $15,000
  • 0.25% base rate if qualifications are not met
  • Refunds ATM fees nationwide up to $20 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • One direct deposit or automatic payment
  • Access online banking
  • Receive electronic...
Continue Reading
5.90% 5-Month CD at an Alabama CU (Legacy FCU)
Legacy Community FCU is offering a 5.90% APY 5-month certificate of deposit. The minimum is $500. The rate is available for both a regular and IRA CD. A branch visit is required to open an account.

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...

Continue Reading