Liberty First Credit Union (Liberty First CU) has added a 37-month CD Special (2.85% APY) to its product line. The minimum deposit is $25k, with no stated balance cap.
|2.85%||$25k||-||Liberty First Credit Union||37 Month CD Special|
|2.85%||$25k||-||Liberty First Credit Union||37 Month IRA Special (Traditional, Roth, CESA)|
The CD Special is also offered as an IRA Special (Traditional, Roth, CESA) earning the same APY, with the same funding requirements.
According to CSR, the Early Withdrawal Penalty is 365 days of interest on the amount being withdrawn. CSR also stated that partial withdrawals are permitted.
I wrote about Liberty First CU’s Kasasa Cash six months ago when the APY was raised to 3.00% on qualifying balances up to $15k; that rate is still in effect. Qualifying balances over $30k earn 0.15% APY, with non-qualifying balances earning 0.05% APY.
|3.00*%||-||$30k||Liberty First Credit Union||Kasasa Cash|
|OTHER TIERS: 0.15% → $30k+|
The qualifying requirements are fairly standard:
- Have at least 12 check card purchases
- Be enrolled in and log into Online Access
- Be enrolled in and receive e-Statements
- Have at least one Direct Deposit or ACH transaction
Liberty First CU’s Kasasa Cash has no minimum balance requirement or monthly fees, but does require a $50 minimum opening deposit. Nationwide ATM fees will be reimbursed up to $15 per month, with individual ATM fees of $5 or higher requiring a receipt for reimbursement. There is a limit of one account per Social Security number.
Headquartered in Lincoln, Nebraska, Liberty First Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, or attend school in Lancaster or Seward Counties eligible to join.
Individuals who live outside of Lancaster and Seward Counties can join if they are related by blood, marriage, or adoption to current members or membership-eligible individuals.
Liberty First CU’s FOM also includes 20 SEGs whose employees qualify for membership. The largest of these SEGs is the Burlington Northern Santa Fe Railway and its subsidiaries.
Joining Liberty First CU can be done online, or at any of five Nebraska branches, located in Lincoln (4) and Seward. The membership application is also available as a download and can be returned either in person or by fax.
Current Liberty First CU members can open a CD Special either online or in person at any branch location.
Liberty First Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.29% (excellent) based on December 31, 2017 data. In the past year, Liberty First CU has increased its total non-brokered deposits by $11.65 million, an excellent annual growth rate of 7.4%. Please refer to our financial overview of Liberty First Credit Union (NCUA Charter # 63757) for more details.
Liberty First Credit Union was originally founded in 1935 as the Burlington Employees Cooperative Credit Association, for the benefit of the employees of the Chicago, Burlington & Quincy Railroad. Less than 10 years later, the Credit Union converted from a credit association to a credit union. Liberty First CU is currently the fifth largest credit union in Nebraska, with more than 24,800 members and assets in excess of $253 million.
How the CD Special Compares
When compared to the 277 similar length-of-term CDs tracked by DepositAccounts.com that are available with the FOM, Liberty First Credit Union's 37-month CD Special APY currently ranks first, regardless of minimum deposit.
|Interest Rate||CD Length of Term||Credit Union/Bank|
|2.85% APY||37-Month CD Special ($25k min)||Liberty First Credit Union|
|2.73% APY||36-Month Bump-Up CD ($500 min)||Genoa Community Bank|
|2.63% APY||32-Month Jump-Up CD ($500 min)||Cornerstone Bank (NE)|
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.
The above rates are accurate as of 4/10/2018.