Top Long-Term CD Rates at Police & Fire Federal Credit Union - PA Only

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APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00%$500-Police and Fire Federal Credit Union5 Year CD
1.75%$500-Police and Fire Federal Credit Union4 Year CD
1.50%$500-Police and Fire Federal Credit Union3 Year CD
Accounts mentioned in this post. Rates as of August 24, 2016.

It's getting harder finding 2% CDs especially at large banks and credit unions which are available to large parts of the country. One large credit union that's still offering a 2% CD is Police and Fire Federal Credit Union. It has a 2.00% APY 5-year CD and IRA CD with a $500 minimum deposit. Its 3-year and 4-year CD rates are also competitive with yields of 1.50% and 1.75%. These rates are listed on the credit union's rates page as of 8/15/2012.

PFFCU had been offering 3% 5-year CDs a year ago, but the rates fell last August and last January. The yield has remained at 2.00% since January so hopefully, we won't see another drop for a while. PFFCU has been transparent in explaining why they have lowered their rates. It basically comes down to low loan demand and very low Treasury yields.

One downside with PFFCU long-term CDs is a large early withdrawal penalty. According to the PFFCU's fee schedule, the EWP for terms of 30 months and longer is up to 360 days of interest.

PFFCU Membership

The one nice feature of PFFCU is their field of membership. They still list Weavers Way Cooperative Association in their members group. Unfortunately, they have an additional limitation for Weaver Way members. They must also be Pennsylvania residents. At least this allows anyone in PA to join. Weavers Way Cooperative has instructions on membership on this webpage. It appears you can join for $30. Once you are a credit union member, you are under no obligation to retain membership in that association.

For more details about PFFCU membership, please refer to the PFFCU membership eligibility page.

PFFCU Overview

Police and Fire Federal Credit Union branches are located in Philadelphia and its suburbs.

It's a large credit union with over $4 billion in assets. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 1.90% (excellent) based on March 2012 data. Please refer to our financial overview of PFFCU for more details. The credit union is federally insured by the NCUA (Charter # 2551).

How These CD Rates Compare

The highest 5-year CD rate that's nationally available is 2.12% APY for a $60K minimum at US States Senate Credit Union. The next best without checking requirements is 1.96% APY at Melrose Credit Union. These rates are accurate as of 8/15/2012.

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:

Comments
Anonymous
Anonymous   |     |   Comment #1
Have been seeing an ad in the LA Times lately, for BBVA Compass offering a 60month CD at 2%. Not sure if it's available nationwide or not...

 
Top CD Rates in Pennsylvania at Police & Fire Federal Credit Union - PA Only
It has been a while since I mentioned Police and Fire Federal Credit Union, but they should not have fallen off my radar. They continue to offer top long-term CD and IRA CD rates. The two best are the 5-year CD with a 3.00% APY and the 4-year CD with a 2.50% APY. Minimum deposit is $500. These rates are listed on the credit union's rates page as of 7/19/2011.

One downside is a large early withdrawal penalty. According to the truth in savings disclosure, the EWP for terms of 30...

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Why Police and Fire FCU CD Rates Have Been So High

Police and Fire Federal Credit Union (PFFCU) reduced its CD rates in January, but its long-term CD and IRA CD rates continue to be very competitive. The best is its 5-year CD which has a 3.00% APY. Other competitive rates include a 2.50% APY 4-year CD and a 2.00% APY 3-year CD. Minimum deposit is $500. These rates are listed in the credit union’s rates page as of 1/5/2011.

As a comparison to internet banks on 1/5/2011, the best 5-year CD rate is 2.75% APY at Salem Five Direct and the...

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Top Long-Term CD and IRA CD Rates Continue at Police and Fire FCU - PA Only

Police and Fire FCU (PFFCU) continues to offer a 3.25% APY 5-year CD and IRA CD. Other top long-term rates include a 2.75% APY 4-year CD and a 2.25% APY 3-year CD. These rates are listed in the credit union's certificates rates page as of 11/04/2010.

As a comparison with internet banks, the best 5-year CD rate is currently 2.75% APY at Sallie Mae Bank and the best 3-year CD rate is currently 2.25% APY at iGObanking.com.

PFFCU has a good refer-a-family-member deal. You can make $25 per family member who joins...



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Update on Membership Eligibility and CD Rates at PFFCU

Update 7/7/2010: I'm afraid PFFCU is off the nationwide list. The credit union has added the following requirement for Weavers Way Coop members: "must be a resident of PA, NJ or DE". I'm afraid this makes it clear that they don't want out-of-area members.

I'm adding Police and Fire Federal Credit Union (PFFCU) to my list of nationwide accounts. Thanks to Alan who described in the comments how anyone can join Weavers Way Cooperative Association to qualify for PFFCU membership. This association is one of many listed under "Associations and Organizations"...

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Top Long-Term CD Rates Continue at Police and Fire FCU in PA

Police and Fire Federal Credit Union continues to offer very competitive long-term CD rates. It's one of the very few institutions in the nation to still offer a 4.00% APY 5-year CD. Other top rates include a 3.50% APY 4-year CD, a 3.00% APY 3-year CD and a 2.25% APY 2-year CD. Minimum deposit is $500. These rates are listed in the credit union's CD rate table and IRA CD rate table as of 6/28/2010. These long-term CD rates have held since last summer.

The credit union has an online application...

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