R.I.A. FCU (IA/IL/WI) Offers Promotional CDs with Top 5-Year Rates


Deal Summary: 60-month Share Certificate, 2.42% APY base rate; immediate bump of 0.10% ($5k min), 0.20% ($50k min), and 0.30% ($100k min) with new money.

Availability: Residents of the Quad Cities (IA/IL) and two Wisconsin counties; employees of more than 200 SEGs; civilian employees and military personnel at the Rock Island Arsenal or Fort McCoy.

Yesterday, R.I.A. Federal Credit Union (RIA FCU) unveiled its “Dream Your Way To Higher Rates” promotion on its 18-, 24-, 36-, and 60-month Share Certificates. Immediate bump rates of an additional 0.10% ($5k min), 0.20% ($50k min), and 0.30% ($100k min) are available when the Share Certificates are opened with new money.

Of the four Share Certificates, the 60-month is the most competitive with rates of 2.42% APY ($1k+), 2.52% APY ($5k+), 2.63% APY ($50k+), and 2.73% APY ($100k+).

The 60-month Share Certificate is also available as an IRA (Traditional, Roth, CESA), with the same funding requirements, but with an extra 5 bps per rate tier.

To view the other promotional CD rates, please refer to the CD section of our RIA FCU information page.

According to CSR, the Early Withdrawal Penalty for the 60-month Share Certificate is 180 days interest.


Headquartered in Bettendorf, Iowa (Quad Cities area), R.I.A. Federal Credit Union’s field of membership (FOM) is varied, including residency, employment, and military relationship.

Residency: Individuals who live or work within 30 miles of the Davenport or Wilton (Iowa) branch locations are eligible to join, as are individuals who live, work, worship, or attend school in Carroll County (Illinois). Individuals who live or work in Monroe and portions of Juneau Counties (Wisconsin) also qualify.

Military Relationship: U.S. Government civilian employees and military personnel (active or retired) who work, train, or are stationed on the Rock Island Arsenal, or Fort McCoy military installation are eligible for membership.

Employment: Employees of more than 220 SEGs (listed on the online application) also qualify.

Family Relationship: Immediate family (spouse, parent, sibling/step, child/step, grandparent) and household members of current RIA FCU membership are eligible to join.

Joining RIA FCU and/or opening a Share Certificate Special can be done online, or at any of three Iowa branches located in Bettendorf, Davenport, and Wilton. RIA FCU also has six Illinois branches located in Milan, Moline (2), Rock Island, Savanna, and Rock Island, and two Wisconsin branches in Fort McCoy and Tomah.

Credit Union Overview

R.I.A. Federal Credit Union, has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 7.69 (excellent), based on June 30, 2017 data. In the past year, the Credit Union has increased its total non-brokered deposits by $25.89 million, an excellent annual growth rate of 8.16%. Please refer to our financial overview of R.I.A. Federal Credit Union (NCUA Charter #17117) for more details.

R.I.A. Federal Credit Union was established in 1935, serving the civilian employees and military personnel of the Rock Island Arsenal, which is currently the largest government-owned weapons manufacturing arsenal in the United States. As the FOM expanded beyond federal employees and military members, the name was shortened to R.I.A. Currently the eleventh largest credit union headquartered in Iowa, RIA FCU has more than 42,200 members and assets in excess of $408 million.

How the Share Certificate and IRA Compare

When compared to the 233 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM, R.I.A. Federal Credit Union’s 60-month Share Certificate Special APYs currently rank first, second, and fifth, regardless of minimum deposit.

When compared to the 177 similar length-of-term IRA Certificates tracked by DepositAccounts.com that are available within the FOM, R.I.A. Federal Credit Union’s 60-month IRA Certificate Special APYs currently rank first, second, and sixth, regardless of minimum deposit.

The above rates are accurate as of 10/20/2017.

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

Related Pages: Davenport CD rates, La Crosse CD rates, 5-year CD rates

Competitive Long-Term CD Rates at R.I.A FCU in IA, IL & WI

R.I.A Federal Credit Union has some competitive CD and IRA rates. The best ones include a 3.03% APY 5-year CD and a 2.32% APY 3-year CD. Minimum deposit is $1,000 for the 5-year and $500 for the shorter terms. You may be able to get an extra 25 basis points. This is mentioned at the bottom of the rate tables. These rates are listed in the credit union's rate page as of 11/18/2010.

As a comparison to internet banks as of 11/18/2010, the best 5-year CD rate is 2.60% APY at...

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High-Yield Reward Checking Account at R.I.A FCU in IA, IL & WI

R.I.A. Federal Credit Union is offering a reward checking account called Smart Checking. The account offers the following features if certain monthly requirements are met:

  • 3.01% APY on balances up to $25,000
  • 0.25% APY on balances over $25,000
  • 0.10% base rate if qualifications are not met
  • ATM fees nationwide refunded up to $25 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • one direct deposit or automatic payment
  • receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • Minimum $25 opening balance
  • No minimum balance requirement
  • No monthly service fees
  • Multiple accounts can be opened, but requirements for each...
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