Deal Summary: 6-month Special Rate CD, 1.26% APY, $500 minimum deposit
Money Federal Credit Union (Money FCU) is offering a 6-month Special Rate CD (1.26% APY). The minimum opening deposit is $500, with no stated balance cap.
According to CSR, the Early Withdrawal Penalty is 30 days interest.
Headquartered in Syracuse, New York, Money Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in the Central New York State counties of Cayuga, Madison, Onondaga, or Oswego eligible to join.
Money FCU is a member of the Co-Op Shared Branch Network, providing more than 5,000 locations country-wide for members to “have more direct access to their money than most traditional bank customers do.”
Credit Union Overview
Money Federal Credit Union has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 2.34% (excellent) based on September 30, 2016 data. Money FCU has an excellent capitalization level (14.70%), a result of holding $40.16 million in assets with $5.9 million in equity. Please refer to our financial overview of Money Federal Credit Union (NCUA Charter # 22566) for more details.
Money Federal Credit Union was established in 1976 by Mutual of New York Life Insurance Company (MONY) employees. (The “Money” FCU name now makes sense.) In the past 40 years, Money FCU has expanded its FOM to include the residents of four Central New York counties.
How the Special Rate CD Compares
When compared to the similar length of term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Money Federal Credit Union's 6-month Special Rate CD APY currently ranks first.
The above rates are accurate as of 2/28/2017.