Premier America Credit Union’s Latest Special, 17-Month CD, 3.20% APY

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Deal Summary: 17-month CD Special, 3.20% APY, $1k minimum deposit

Availability: Easy Membership Requirement

DA reader, enelrad1123, recently wrote this Forum post about Premier America Credit Union (Premier America CU).

While checking CD rates on the DA website, I noticed Premier America Credit Union's 16 mo. CD (3.15% APY) was no longer listed. According to Premier America's website it has been replaced by a 17 mo. CD paying 3.20% APY. This is the 3rd time in January that Premier has offered a CD which replaces the prior offer. First it was a 15 month (3.10%), followed by a 16 mo. (3.15%) and now a 17 mo. (3.20%). This appears to be a top rate when compared to other CDs with similar terms.

I wrote about the 16-month CD Special (known as the New Year Certificate Special) about ten days ago. The 16-month was promoted as a limited-time offer; Premier America CU was serious – it's gone.

Like its predecessors, the 17-month CD Special requires a minimum $1k opening deposit and has no stated balance cap.

As stated in the Special Certificate Account Disclosure, the Early Withdrawal Penalty reads as follows:

A withdrawal of all or a portion of the principal before the maturity date shall be subject to an early withdrawal penalty of 180 days loss of dividends and may cause the cancellation of the Certificate.

The Account Disclosure also states that the Certificate Special will automatically renew as a 12-month CD, unless instructed otherwise.

Could February see an 18-month CD Special earning 3.25% APY? Stay tuned.

Availability

Headquartered in Chatsworth, California, Premier America Credit Union’s field of membership includes a variety of options that provide a way to join for almost any US resident with a valid Social Security number.

Easy Membership Requirement: Joining the Alliance for the Arts automatically qualifies you for Premier American CU membership. The last option on the online application reads, "None of the above apply. I want to join Thousand Oaks Alliance for the Arts."

California Residency: Individuals who live, work, worship, or attend school in Los Angeles County or Ventura County are eligible to join.

Texas Residency: Individuals who live, work, worship, or attend school within 10 miles of the Westchase branch in Houston also qualify for membership.

Family Relationship: Family members of current Premier America CU members are eligible to join.

Information about membership eligibility is available on the first page of the Credit Union's time-sensitive online application.

Joining Premier America CU and/or opening a CD Special can be done online or at any of 19 California branches located in Burbank (2), Camarillo, Chatsworth, Granada Hills, Oxnard (2), Reseda, Santa Monica, Simi Valley (2), Thousand Oaks, Universal City, Valencia, Venture, Westlake Village (2), and Woodland Hills (2). Premier America CU also has two branches in Houston, Texas.

Current Premier America CU members are able to open a CD Special using the Online Banking platform.

Once logged in, select the "Services & Forms" tab, choose "Open
Additional Account" and follow the steps to open the Certificate.

Credit Union Overview

Premier America Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.01% (excellent) based on September 30, 2018 data. In the past year, Premier America CU has increased its total non-brokered deposits by $44.32 million, an above average annual growth rate of 2.04%. Please refer to our financial overview of Premier America Credit Union (NCUA Certificate # 68428) for more details.

Premier America Credit Union was originally established in 1957 as the Litton Employees Federal Credit Union, serving Litton Industries employees throughout Southern California. (Named after inventor Charles Litton, Sr., Litton Industries was a large defense contractor bought by the Northrop Grumman Corporation in 2001.) In 1963, Litton Industries acquired Western Atlas (a Texas oil and gas company), giving the Credit Union a foothold in Texas. Premier America CU was the last out-of-state credit union to expand into Texas, only days before the state’s credit union commission adopted a rule in 1999 prohibiting such expansion. Currently California’s 20th largest credit union, Premier America Credit Union has more than 109,400 members and assets in excess of $2.5 billion.

How the CD Special Compares

When compared to 171 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Premier America Credit Union's 17-month CD Special APY currently tops the rates chart.

The above rates are accurate as of 1/28/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Houston CD rates, Los Angeles CD rates, 1-year CD rates, nationwide deals

Comments
RichReg
RichReg   |     |   Comment #1
Nice rate, but the 15 month time-frame seemed so much more comfortable.

Spoke to a rep on Saturday that said they're getting MANY calls on this.
Sure hope it sticks around awhile....
Dr Dumb
Dr Dumb   |     |   Comment #2
Yes, with the relentless increase in interest rates, another two months is disconcerting.

Stay strong everyone! Remember, we are in this together.
RichReg
RichReg   |     |   Comment #3
That's what I'd like the banks to believe, so these SHORT-TERM specials don't go away.

If rates do go up, great...but it doesn't look "relentless" anymore...
https://www.forbes.com/sites/rogeraitken/2019/01/24/u-s-fed-to-hold-off-0-25-rate-hike-until-june-probability-1-in-5/#3e3e96c9b1ae
highrate
highrate   |     |   Comment #4
hard to call the interest rate increases relentless, but in any case, they seem to have relented now. I hope they go up this year, but fed fund futures are not predicting that
RJM
RJM   |     |   Comment #6
Yes, those predictions are what is causing me to lean toward this account when Feb 5th rolls around if its still available. Or sooner. I can open a small one now and then a larger one on 2/5. I opened a 2nd Heritage RCA last night for $25k at 3.33% for 10 debit card transactions. And I will probably crank back up my Northern account now that they have raised their rate to 2.50%.

Just wish we would have some more competition for a 12-18 month CD in the next week.
My large CD matures from NASA so another special from them right now would be welcome. (They have a 15 month 2.75% but it was 3.25% months ago)
NASA upping their rate would keep me from opening another cu acct too.
deplorable 1
deplorable 1   |     |   Comment #7
Wait Northern raised their interest rate to 2.5%? When did this happen?
RJM
RJM   |     |   Comment #8
Got the email today.
Thirsty for more interest?Is there anything better than watching your Northern Bank Direct Money Market Account grow? What about an increased interest rate?

Well, we're giving you both! Because you're a valued and loyal customer, we have increased your interest rate to 2.47% with a 2.50% APY for balances up to $250,000.00*.

So sit back, relax, and watch your account grow with your new interest rate.
RichReg
RichReg   |     |   Comment #11
Right, only for existing customers...got the same e-mail today also.
Now I have United Bank & Northern paying 2.47%.

Neither of these specials will extend pass June, BTW..unless their management extends it.
RJM
RJM   |     |   Comment #17
Reasonable to expect Northerns rate will NOT decline come June given their increase today which was not needed.
But if it does, Im sure many of us will remove our money....again.

I just hope I can find my Northern checkbook. Have not seen it in months but I would not have thrown it away so its around this cluttered mess somewhere. I need to watch that netflix show about cleaning up clutter.

Very little of my clutter brings me joy. LOL
deplorable 1
deplorable 1   |     |   Comment #22
I see it now my email box is so full of junk I miss many important ones. Very rare to say the least when a bank raises the rate for existing customers.........I'm in shock. This makes me wonder what will happen in June now. I was assuming a massive rate cut but maybe not we'll see.
larry
larry   |     |   Comment #25
deplorable 1 (Comment #7) We was surprised as well when I read the email earlier this morning. Looks like the best deal to keep liquid cash and most likely will abandon TD Bank's 2.50%.
Get Real
Get Real   |     |   Comment #5
You can't time the top of intrest rates. A good ladder and I'm putting a portion of my funds in some of these shorten offers. I did the 4% at Connexus with a fairly large some and a smaller sum for 3 years at 3.35%. I'm also going to put some funds here too. I still have a fairly large sum that I'll wa be t and see with.
scottj
scottj   |     |   Comment #9
My application got denied, not sure if it's because they do a hard pull and freeze blocked or if I got this question wrong. "When was my house built?" 1960 1961 1962. What a stupid question
RJM
RJM   |     |   Comment #10
Won't a freeze block many new account attempts?

But I agree the house built and then showing 3 close dates is a stupid question. Mine was built over 2 years. Which counts?

I have just now sent money to Northern and Heritage for a 2nd RCA which means I won't need this premier....or some other deal until 2/5 or later when a large NASA cd matures.
scottj
scottj   |     |   Comment #12
Freeze only blocks if they do a hard pull which is the way I want it. Not sure why they need to check my credit when I'm trying to give them $250K. So I gave application another shot and got different questions which I know I answered right but denied again so Im guessing it is because of freeze. Another thing is when doing application to join and then add CD it does not even give you this 17 month CD option? I figured I would then just join first and once in apply for the CD. But **** em, I will just wait for another deal like the 14 month 3% I just did at Unibank
RJM
RJM   |     |   Comment #16
Please post if you find out one way or the other. Id prefer not to have a hard pull but unless something better comes along by next week, I may have to go with this one.

I called NASA on the off chance they knew of any new deals coming. Nope.

But, sometimes new deals can start on the first of the month so hopefully friday or monday we get more CD competition.
Jilted
Jilted   |     |   Comment #38
My application got denied too. But I did not have a freeze, so its likely that it wasn't your freeze block that caused the denial.

In my case, I think, it was an identity verification question about which street I'd lived - one of choices was 5th Street - which is similar to 5th Ave (where I live). I chose "none of the above". Those identity questions are very troublesome. Their email informing me about the denial stated that they were unable to establish my identity and that I needed to physically visit a branch. They also stated that they had pulled up a ChexSystems report. I got a copy of my ChexSystems report which did not show anything untoward other than many report requests over the last year, as I've been opening frequent new accounts chasing rates.

Since I don't live in CA, an in-person visit was out of the question. I called them earlier last week, and a helpful CSR tried to find out if I could do over the phone whatever I'd do during the in-person visit. But apparently once an application is denied there is no way to manually intervene or overturn that decision. She also said that if I tried again, the application would automatically be denied. I tried again anyway, but the application did not allow me to select the promo rates for the CD - their non-promo rates are pretty underwhelming. At that point I abandoned the 2nd try application midway. I guess this CU isn't destined to get my money or my business.
Newbie1
Newbie1   |     |   Comment #40
@Jilted
The issue for this bank is “the many report requests over the last year” on your Chexsystems report.
RJM
RJM   |     |   Comment #41
I had that issue once over 10 years ago. The bank refused to override and nobody at the bank or chexsystems would tell me the magic number which, I guess each FI can pick on their own. I tried to get an override and they absolutely refused it.

Last year, I missed a security question on the Heritage Bank RCA but customer service said to keep trying. It did not sound intuitive but it worked on my 3rd try. (Or I did not miss the questions that time?)

Its difficult to determine when to open accounts when this kind of unknown is hanging in the background. I try to limit my new accounts but over the past year, I have opened a good number. Exactly how many, I don't know. I guess it's just a crapshoot. Apply and roll the dice or accept a lower rate?

I did ask the rep and she said no hard pull at Premier.
Jilted
Jilted   |     |   Comment #42
@Newbie 1

Perhaps so. Interestingly I was able to open another CD account earlier today with another CU. This is a local CU and I went in-person to the branch to open the account.

I made a point of asking the CSR about my Chexsystems score - and she was kind enough to show me her computer screen that was displaying my Chexsystems report - the same score and same report as the one I got from Chexsystems and as the one used by Premier America.

Different institutions may be setting up different criteria with Chexsystems for what to approve/disapprove - this local CU's Chexsystems report gave me a passing grade. Not sure if that was the case with Premier America.

Also, I didn't apply to open a checking account with Premier America - just a Share and a CD. I was going to give them my money, not borrow some of their's. So my past history of opening multiple accounts should have no bearing. In fact, by offering increasing rates, they're seeking rate chasers like me. That I've opened many new accounts, IMO, should not be a surprise to them and ought not be viewed negatively. If this is indeed the case, then this stance seems contradictory to their goal of gathering up funds.
RJM
RJM   |     |   Comment #43
Past history of responsible bank behavior matters because we could open an account with a bad check, try to scam them or have multiple denied ACH transactions generating fees.

So i can understand that part of it.

The too many accounts in the last 12 months is what bothers me. Would they tell us in advance how many so we need not apply if we will not only be denied but the inquiry will hurt us going forward?

I have never gotten a score from chexsystems or anything in recent years. I had a mistake on mine when I was young but a local brick & mortar bank manager was able to override it and open the account. I walked in with a pocket full of cash and a copy of my credit report.

In my case, a closed savings & loan had reported me over a closed account. I had a $50 savings account since I was a kid. They started charging a monthly fee without telling me and when I heard they were closing I went in to get my money and that's when I found out. I raised my voiced and ask them to call downtown and they quickly gave me my $50 but I did not know until they were long gone that the black mark was on my chexsystems and there was nobody to dispute it with.

I guess I could have disputed it because they were not around to verify it anymore but I didn't know you could do that back then. Or even. I know you can dispute info on regular credit reports but chexsystems?
Jilted
Jilted   |     |   Comment #44
@RJM,
I believe you can dispute with Chexsystems as well - although the correction request may have come from the FI - not entirely sure about that. But there is no derogatory information in my Chexsystems report - just the frequent report requests.

I don't know the definitive reason for my Premier America application denial. And their staff - while some of CSRs are quite helpful - doesn't seem to be very knowledgeable when it comes to resolving these kinds of issues or answering any questions related to them.
RJM
RJM   |     |   Comment #45
Jilted,
I was not suggesting you had derogatory info, most of us here do not, just that I can at least understand why checking that may be important for FIs.

I guess we are all at the mercy of the individual FI as to whatever number of accounts in recent times they consider excessive.

In some ways, it discriminates against rate chasers and/or those with large amounts who prefer to stay under the FDIC limits.

While I would like to open one of these next week, I have learned that the next deal may not be too far off. As long as we are not rejected by that institution too.

I guess if push comes to shove I could try to get Andrews to let me open another 8 month. (Although I already have one and it says limit one maybe they would make an exception?)
Would not want my entire wad sitting at 2.50% just because Im unable to open a top rate CD.
I had previously determined that I no longer want to to open CDs for just average rates, convenient or not.
That means no brokered, no penfed and no ally, among many others.

But I guess it helps the more credit unions we are already members of.

I'd love another NASA deal but their current 15 month at 2.75% is not enough for me. I bought a 15 month from them for 3.25% in Sept I think. Then they lowered it.

Maybe they or someone I already have an account with comes up with something new for Feb. ?
Newbie1
Newbie1   |     |   Comment #50
@Jilted
Not all banks and CU’s use Chexsystems and those that do seem to have different criteria as you mentioned. Google “banks that use Chexsystems”. Your past history of opening multiple accounts did have a bearing on the refusal regardless of the type of account you applied for.
Jilted
Jilted   |     |   Comment #58
@Newbie1 (#50)
I'm not disagreeing with your statement that in my case "past history of opening multiple accounts did have a bearing on the refusal regardless of the type of account applied for". I just think that it doesn't make sense - at least to me - for an FI to take this kind of a stance when they're looking to drum up funds from people like us.

I can think of one scenario where this would make some sense - if Premier uses the same ChexSystems report for all types of account applications - in other words they don't make a distinction between an application for a checking account vs. an application for a savings or a CD. Maybe its too complicated to setup different processing workflows for different application types, or maybe ChexSystems does not allow a FI to get more than one report type, or maybe its just too expensive to do so.

I find all these arguments hard to believe. What seems plausible, at least to me, is that they simply don't realize (or they realize but don't care) that a constituency like ours exists that is being done a disservice by a one size fits all approach. In any case it seems to be a lose-lose policy - we're losing out access to their rates and they're losing out access to our funds.
RJM
RJM   |     |   Comment #46
This is for both Scottj and jilted and anyone else who was rejected possibly for too many recent new accounts.

Can you share how many new accounts you have had in say the last year?

I think I computed 6 for me in the last year. More if we go back 2 years. One may be about 11.5 months old...if the last year is what they go by.
Newbie1
Newbie1   |     |   Comment #51
@RJM. I was rejected by a bank for having more than five requests showing on my report. It was a while ago now, but I seem to remember each request stays on your account for three years.
Chex Sys
Chex Sys   |     |   Comment #52
#46, #51
I have the same question?....How many new accounts is too many in what time frame? Newbie1, you say you were rejected for having 5.

If anyone else cares to share that would be appreciated.
Newbie1
Newbie1   |     |   Comment #53
@Chex Sys
Yes. I was rejected for having more than five “inquiries”. I can not remember how many new accounts I had opened, but I do remember the time period was more than a year.
Jilted
Jilted   |     |   Comment #57
@RJM (#46), @Chex Sys (#52)
For me the breakdown of new applications is as follows -
3 in 2016
4 in 2017
7 in 2018
Premier and the local CU in 2019

@RJM (#45),
Besides Premier America, as Ken points out in his latest bi-weekly CD survey, Advancial is also offering a 2.99% Jumbo ($50K min) rate. That could be an alternative to Premier. But if you want to stay with the FIs you already have accounts with, and if you don't have an a/c with Advancial, then this may be moot.
RJM
RJM   |     |   Comment #59
With so many being rejected and my large number of new accounts in 2018 and 2017 being near as many as yours, I may not even apply with Premier.

Don't have an account with Advancial either but 2.99% is a good bit below 3.20% so its less attractive.

I might just stick my NASA proceeds into Northern at 2.50% for a patch and wait/hope for something else? But, we might see some new deals as of Friday or Monday for the new month. In a perfect world, NASA would go back to their 3.25% 15 month, I could transfer in $5k more and buy another NASA. But, that probably won't happen.

I can sort of understand FIs not wanting to open accounts of frequent rate chasers like us. Because they want sticky money and they know we will be gone as soon as the CD matures if they don't have a good deal at that time.

Still, with a 17 month term, that would seem to be less of an issue than a savings or money market.

But, all our belly aching is not going to get them to change their policies.

And would we prefer a hard pull instead ?

Curious where you got your exact record of new applications? Do you have meticulous records or did you get it from a chexsystems report or what?

Another poster gave me the link to request a chexsystems report on myself but IF I do decide to apply here, would I be entitled to one without it counting toward the one a year like a regular credit report?

Our best bet going forward may to be to stick to really good deals to open new accounts. And to maybe avoid places like Premier where we have a good chance of being rejected?

If nothing better comes along, I may even try to get a manager on the phone from Premier. At least maybe I could get a better understanding of exactly how far they are going back to help me decide if I should take a chance or not.

Another option I have is to call Andrews and beg for an exception to their "limit one" rule on their 8 month which pays 2.86%. Can't hurt to ask If I have run out of other options I guess.
Jilted
Jilted   |     |   Comment #60
If you don't have an a/c with Advancial, then certainly it makes sense to seek the higher rate with Premier.

Regarding my exact record - I take screenshots during each online application process - it's a bit cumbersome but helps me keep track of things and allows me to go back for historical reference. The ChexSystems report also contains dates of the inquiries.

Like with credit reports, ChexSystems also has to provide one free report per year, upon request. An application rejection also entitles a free report. But I don't know how these two work in tandem. When I requested my report, the online form did not ask for information about any declined application, so I don't know how ChexSystems would be able to distinguish if I made another online request in the next few months - this time for my one free report a year entitlement.

I'm hoping that we get another wild promo or two - like a Keesler or an Ally promo from last year. But I suspect those will be for short durations. It seems that 3+% CDs for 1+ year duration may not be forthcoming in the near future, at least until Fed starts raising interest rates again (hopefully it doesn't have to start lowering).
Jilted
Jilted   |     |   Comment #76
@RJM,

Seems like you got your wish - NASA CU's 3.2% 15 month special. You were right in your expectation of new deals coming out today. Happy for you... Congrats!
RJM
RJM   |     |   Comment #77
Thrilled. Because Premier turned theirs off. Interestingly, I checked the NASA website this morning and it was not up yet.

NASA requires $10k new money and as of right now, I don't have it....because my AA money is on hold until the 6th and my Northern deposit even longer. But, writing an AA check on the 5th will be fine, I even called & asked them to be sure.

I had sent an email to Premier early this morning asking for pre-approval. They did not respond and cancelled their deal to boot. But sticking with places I already have accounts was my objective. I just did not know for sure I would get it on such a timely basis.
Jilted
Jilted   |     |   Comment #78
Do you know if offer a 10 day window, from the date the CD is opened, to fund it as some other FIs do?
RJM
RJM   |     |   Comment #79
Yes, i believe someone on the other thread mentioned that just an hour or two ago.

One thing to be aware of if you are going to do a shared branch deposit, call NASA and get permission first. Apparently, they have had fraud from shared branch deposits somehow. That is a new rule that was not in place 11 months ago.

I was not planning on opening the CD online only because my past 3 CDs with them, I have to call anyway to get them to transfer to the CD so it's easy to just ask them to open it. And also ask them to disable the automatic reinvestment thing when the CD matures.
Jilted
Jilted   |     |   Comment #80
Thanks RJM. Found the comment by scottj (#17) on the other thread. And thanks also for the warning about advance permission required to use shared branch for deposits.
Sam
Sam   |     |   Comment #54
Mine was denied as well! No clue why, I have been trying to talk to someone but still nothing. I own my house free and clear and have no debt. Excellent credit and this is the first time this is happening to me! I ordered my report to see what's going on.
Question
Question   |     |   Comment #13
Anybody know if you need to also open a savings account with them, or can you open just the CD by itself?
scottj
scottj   |     |   Comment #14
Since it's a credit union you must become a member and that means you need to open that savings account with $5 min
RJM
RJM   |     |   Comment #15
I've never known of a credit union where you did not have to open the savings or share account. So count on that $5.00.
???
???   |     |   Comment #18
any comments this is happening now?

1Grabek | Jan 14, 2019

Reply to Jimmyjoe , Today I wanted to go for the 16 month cd and was told I could only put in incriminates of 25K. SO if I wanted to put 200K I would have to make 8 separate transfers .. The reason they gave me was because it was for my own protection ... I had other banks and institutions were allowed to transfer up to 250 K . I do not want 8 separate accounts ...
RJM
RJM   |     |   Comment #19
I touched on this in a prior post.

I believe the workaround is to do a shared branch deposit to the share account and then immediately call & open the CD from the share account.

The 25k might be some kind of internal transfer limitation but I am fairly sure my workaround would work. But call & verify first. I expect to try that next week when another CD matures.

You may have to ask for a supervisor. Keesler for example wanted me to leave the money in the low paying share account pending the check clearing. I had to ask for 2 supervisors to get the CD opened immediately. (And the hold transfered to the CD to protect the CU)
danger !   will robison
danger ! will robison   |     |   Comment #20
what about a shared branch deposit?
CO-OP search throws Warning Malware alerts
ECT.
ECT.   |     |   Comment #21
i have WebRoot app
RichReg
RichReg   |     |   Comment #23
As RJM stated, you DO have to call them, but for THIS credit union it's just to remove the hold on the funds (once you make the deposit at the shared branch). Once that's done, all you have to do is go online yourself and open the CD;; at which point it will ask you how to fund it.
RJM
RJM   |     |   Comment #31
Your way still requires a call and since we are going to have to all anyway, why not let them open the CD?

Plus, I would think removing the hold would potentially expose the cu to fraud. (If we were fraudsters we could then close the CD and pull out the funds)

But, I think I've had CUs do it both ways in the past.
RichReg
RichReg   |     |   Comment #49
That's my point... THIS credit union CANNOT.
The only way they can open it FOR you is if you already some other type of certificate already with them. If you just have Shared Savings, then you have to go into online banking on your own to open it. Once the hold is released of course...

Also, I don't think they're still running the other 2 specials....just the one.
Check the other thread for details...
elton111770
elton111770   |     |   Comment #29
Navy Federal has a 3.25% 17 month as someone previously mentioned
RichReg
RichReg   |     |   Comment #30
Nowhere near as easy to become a member @ Navy Federal as it is w/Premier.
RJM
RJM   |     |   Comment #32
Yes, I called looking for a back door a few weeks back because their website said to. But while the rep tried and went over all the possible ways, I could not get in. Despite having a great uncle who served in the Navy.
Deplorable Fan
Deplorable Fan   |     |   Comment #56
great uncle, lol

good try though!
Robb
Robb   |     |   Comment #39
And a 40 month 3.75% IRA add-on CD deal available.
DMP
DMP   |     |   Comment #33
in their fee schedule, it says Entrance fee $1.00 I wonder what that is for?
Could not find a Dormant account fee, a lot of these CU have a dormant fee which applies to the savings account.
RJM
RJM   |     |   Comment #34
I just got off the phone with a rep. Interesting.

1. No hard pull
2. She had no idea of any $1 entrance fee, just the $5 to open a share account.
3. When asked if I could lock in the rate for next week she said no, but assured me it would still be available. When I mentioned the prior changes, she said ALL 3 DEALS are STILL AVAILABLE.

(So according to her, we can still get the 15,16 or 17 month at 3.10%, 3.15% or 3.20%)

Finally, and this is where it gets confusing for me. She said they do not do shared branch transfers and could not tell me if my plan to open a new premier account next week and then do a shared branch transfer from my old CU to Premier would work. She repeatedly said once it's in the share account I could open the account.

So I am unclear if I am going to be able to do what I want to do on Tuesday which is walk in my nearest CU and transfer the funds from my NASA share account to my then new Premier share account. (And then immediately open the new CD)

So I would appreciate anyone who has done what I am talking about to please chime in.

I did find it interesting that she seemed very confident that not only would the 3.20% 17 month be available but the 2 prior 16 and 15 month CDs were still available despite no longer showing up on their website apparently.

The shared branch thing is important to me because otherwise I am going to pull it from Ally and probably lose a days interest and then mail a check delaying the CD opening a week.
Sylvia
Sylvia   |     |   Comment #35
I recall at least one DA reader who reportedly had funds transferred between CUs at a shared branch. For the best answer to your situation, call the CU you're planning to use, tell them the transfer you'd like done, including CU names and transaction amount, and ask if you could get it done there.
Sylvia
Sylvia   |     |   Comment #36
P.S. to Comment #35: If your CU also say no, you can always inquire w/NASA about picking up check at CU, which you could then turn around and deposit in Premier.
RJM
RJM   |     |   Comment #37
I've heard both ways are simple. But, I have never done anything more than deposit a check in all my shared branch transactions. And the rep I spoke with was not even familiar with the shared branch concept.

Their website says they ARE part of the network. So I would expect the rep to have some familiarity with it.

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Shared Branches
Live or work away from our branch locations? You can use over 5,000+ shared branches (CU Service Centers) for account transfers, loan payments, deposits, and more. It's easy to find a shared branch.

Visit https://www.co-opfs.org/Shared-Branches-ATMs
get back
get back   |     |   Comment #47
to get back to opening a PremieR AmericA acct
has anyone Opened one successively ?
get back
get back   |     |   Comment #48
you know what i meant
success
success   |     |   Comment #55
1 is the loneliest #
Sorry No Data Points
FEB1
FEB1   |     |   Comment #73
I opened a new account, online on Monday (started the process Jan 25). I am not local. I was approved and called their customer service a couple of times to make sure I could fund the CD's quickly (was informed to push the transfer from Ally). Funds were in the account the next day and I could open the CD's online myself.
Anonymous
Anonymous   |     |   Comment #61
I hope others have not had my experience in trying to open this CD. The customer service rep said the offer is designed for "locals" and because I am not local, I must open a savings account first to see if I will be approved. I can either open the savings account for the minimum amount or "take a chance" as she said and open it for the CD amount then close the account if not approved. No timeline was offered. Decided not to tie up funds.
RJM
RJM   |     |   Comment #62
I think the point others have made is they are rejected from opening even a share/savings account.

The rep I spoke with said if the money is in the share account, you CAN open the CD.

You cannot open a CD for more than $25k without the money going thru the share account first.

But you cannot open a share account if you are denied approval.

So I see no way of tying up funds.

You are approved, you can open a savings and cd. You are denied and you can't open a savings or a cd.

Not a single person has reported tying up any funds.
RJM
RJM   |     |   Comment #63
I just went back & realized I've had my AA account less than a year. Which suggests I have even more accounts in the last year than I thought.

While I was going to go for this deal for a large cd on or after 2/5, now I may not even apply because of concerns I will be rejected like others were.

I may call & see if I get get some assurance that I won't be wasting my time.

Has anyone with at least 6 new bank accounts within the last year been approved?
RJM
RJM   |     |   Comment #71
Michael R Villareal
6375 Racetec PL Springfield, VA 22150
SCC
SCC   |     |   Comment #72
Looks like Premier America just did away with all the recent specials:
https://www.premieramerica.com/rates
FEB1
FEB1   |     |   Comment #74
This rate is no longer available, they pulled it this morning.
RJM
RJM   |     |   Comment #75
I emailed them very early this morning before they opened seeking assurance I could be approved. They did not respond. But the NASA 15 month will work just fine and not require a new account. Just $10k of new money.
RJM
RJM   |     |   Comment #81
I emailed these clowns on 2/1. They were nice enough to finally answer today.

See my email and their response for a good laugh.

I am interested in joining your credit union and opening a large CD.

I do not live in your area. I have read a number of comments from people who were refused membership.

Is there a manager or someone I could speak with to get pre-approved or something?

I have a number of new bank accounts this year because I have a lot of money I put in CDs and do not like going over $250k at any one place. Previously, I kept more at my brokerage account but they do not have good CD rates. And as I got older, I keep less money in stocks.

My credit is great and always has been.

Thanks

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Their response a week later...

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Premier America Credit Union Ups 16-Month CD Special, 3.15% APY
Deal Summary: 16-month Certificate Special, 3.15% APY, $1k minimum deposit

Availability: Easy Membership Requirement

Do you remember Premier America Credit Union’s (Premier America CU) 16-month Fall Certificate Special? In September, the 16-month CD Special earned 3.00% APY. Four months later, the CD Special is still available, but has a new name (New Year Certificate Special) and a new, improved rate of 3.15% APY. This limited-time offering can be opened with a minimum $1k, with no stated balance cap.

As stated in the Special Certificate...

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Premier America Credit Union Ups 15-Month CD Special, 3.10% APY
Deal Summary: 15-month CD Special, 3.10% APY, $1k minimum deposit

Availability: Easy Membership Requirement

In the last few years, California-based Premier America Credit Union (Premier America CU) has been offering limited-time CD Specials, focusing on term lengths ranging from 13 to 16 months. The latest is a 15-month CD Special earning 3.10% APY, which can be opened with a $1k minimum deposit. While Premier America CU has tiered APYs ($1k, $10k, $25k, $100k) for all its “regular” CDs, the 3.10% APY applies to all deposit...

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Premier America Credit Union Adds 16-Month CD
Deal Summary: 16-month Fall Certificate Special, 3.00% APY, $1k minimum deposit

Availability: Easy Membership Requirement

The autumnal equinox was about 10 days ago. California-based Premier America Credit Union (Premier America CU) is marking the change of season by offering a 16-month Fall Certificate Special (3.00% APY). This limited-time offer requires a minimum deposit is $1k, with no stated balance cap.

As stated in the Fall Certificate Disclosure, the Early Withdrawal Penalty reads as follows:

Availability

Headquartered in Chatsworth, California, Premier America Credit Union’s...

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Premier America Credit Union Offers In-Branch 16-Month CD Special
Deal Summary: 16-month Diamond Certificate Special, 1.70% APY, $25k minimum deposit, must be opened in-branch.

Availability: Easy Membership Requirement

California-based Premier America Credit Union (Premier America CU) is celebrating its 60th anniversary. To mark the occasion, Premier America CU is offering a 16-month Diamond Certificate Special (1.70% APY). The minimum deposit is $25k, with no stated balance cap. As a “thank you” to its members, this Certificate Special does not require new money. There is one requirement that limits its availability to Southern...

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Premier America CU Offers Nationally Available 12-Month CD
Availability: Easy membership

California-based Premier America Credit Union (Premier America CU) is offering a 12-month CD (1.30% APY, $100k minimum, no balance cap). This is the highest APY for the 12-month CD in its 5-year history, which includes 14 rate changes.

All of Premier America CU’s CDs have APYs based on four deposit tiers of $1k, $10k, $25k, and $100k; the 12-month CD’s tiered APYs are 0.95%, 1.00%, 1.25%, and 1.30%, respectively.

The 12-month CD is also available as an IRA (Traditional, Roth, and CESA) earning the...

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