Money One FCU (Washington DC Area) Adds 18-Month CD Special


Deal Summary: 18-month Certificate Special, 1.80% APY, new money, no minimum/$250k maximum.

Availability: Residents of 25 named communities in Prince Georges County, Maryland; 100+ SEGs, easy membership requirement with one-time donation to Easter Seals (Credit Union branch visit required with proof of donation).

Earlier this month, Money One Federal Credit Union (Money One FCU) listed an 18-month Certificate Special earning 1.80% APY. When I called to get more details, I was disappointed to discover it didn’t even exist. CSR stated that it was an error and the Credit Union was “trying to get it off the website.” When in doubt, blame it on IT.

Imagine my surprise yesterday when I saw the 18-month Certificate Special (1.80% APY) not only listed on the website, but listed as a featured product.

We want to show you some love and thank you with our BIG EARNINGS CERTIFICATE SPECIAL.

There is no minimum deposit requirement, with a balance cap of $250k. All funds must be new money, defined as “money deposited from another financial institution.”

Even though Money One FCU’s website lists seven separate “Disclosures” and “Agreements,” not one lists Early Withdrawal Penalties (EWP) for Certificates. According to CSR, the EWP for the 18-month Certificate Special is nine months interest.


Headquartered in Largo, Maryland, Money One Federal Credit Union’s field of membership (FOM) offers four different ways for U.S. Citizens and Resident Aliens to join.

Residency: Individuals who live in any of 25 named communities in Prince Georges County (MD), based on Zip Codes, are eligible to join.

Employment/Affiliation: Employees or members of nearly 100 companies, churches, and organizations also qualify for membership.

Relationship: Immediate family members (parents, children, siblings, grandparents, grandchildren, including step relations) and household members of current or membership-eligible Money One members are eligible.

Almost Easy Membership: For individuals who do not qualify through any of the above methods, joining Gifts for Easter Seals qualifies for membership, but (and this is important) you must bring proof of your donation to a branch location.

I do want to participate in MONEY ONE FCU’s GIFTS FOR EASTER SEALS program. I understand by making this one-time membership donation that I am eligible to become a member of Money One FCU.

Joining Money One FCU and/or opening Certificate Special can be done online, or at either of the two Maryland branches located in College Park and Largo.

Credit Union Overview

Money One Federal Credit Union has an overall health grade of "B" at, with a Texas Ratio of 18.62% (above average) based on June 30, 2017 data. Money One FCU has an excellent capitalization level (11.11%), the result of holding $124.93 million in assets with $13.88 million in equity. Please refer to our financial overview of Money One Federal Credit Union (NCUA Charter # 7264) for more details.

Originally established in 1951 for the benefit of Safeway (grocery store) employees, Money One Federal Credit Union is currently Maryland’s 23rd largest credit union, with more than 12,500 members and assets in excess of $124 million. As more of a “David” than a “Goliath” in the world of consumer finance, Money One FCU is collaborating with “several CUSOs including member business lending, disaster recovery and mortgage origination and servicing, the latter alliance in place because the credit union is too small to have a mortgage division on its own.”

According to the Credit Union’s President/CEO, Beverly Zook,

Collaborating with CUSOs allows us to get the economies of scale of larger credit unions. Money One, at $105 million, is still considered small in the banking world. (Collaboration) allows us to compete with mega banks for consumers who think they can’t get (products and services) at smaller credit unions.

How the Certificate Special Compares

When compared to the 205 similar length-of-term CDs tracked by requiring a similar minimum deposit and available within the FOM, Money One Federal Credit Union’s 18-month Certificate Special APY currently ranks second.

The above rates are accurate as of 9/27/2017.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table or our Rates Map page.

Related Pages: Washington CD rates, 1-year CD rates

Kaight   |     |   Comment #1
Credit to Ken for telephoning Money One. I've been a member for a number of years. I was even a member back before they did away with their toll-free telephone number. Today I contact them gratis, when necessary, using Google Hangouts. I have found the people and service at Money One to be fine, though Ken is certainly right to observe this credit union is not among the largest. Still, I would not hesitate to go for this deal if you find it to your liking.
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