Self-Help CU (Easy Membership) Hikes 18-Month CD Rate


Availability: Easy membership

Earlier this month North Carolina-based Self-Help Credit Union’s (Self-Help CU) raised the rate on its 18-month CD (1.31% APY). The minimum deposit is $500 and there is no balance cap. This was the first rate increase for the 18-month CD since September 2014, when the APY was 0.80% APY.

4.13%$500-Self-Help Credit Union18 Month IRA (Traditional, Roth)
4.13%$500-Self-Help Credit Union18 Month CD
Rates as of June 10, 2023.

The 18-month CD is also available as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

As stated in Self-Help CU’s Membership Booklet, the Early Withdrawal Penalty reads as follows:

Terms greater than 12 months - 180 days of interest


Headquartered in Durham, North Carolina, Self-Help Credit Union offers membership primarily through residency and by joining their non-profit, the Center for Community Self-Help.

Residency: Individuals who live, work, worship, or attend school in the North Carolina counties of Beaufort, Bertie, Brunswick, Buncombe, Burke, Camden, Caswell, Catawba, Chowan, Columbus, Durham, Edgecombe, Forsyth, Franklin, Gates, Granville, Greene, Guilford, Halifax, Haywood, Henderson, Hertford, Hyde, Jackson, Lenoir, Lincoln, Madison, Martin, McDowell, Mitchell, New Hanover, Northampton, Pasquotank, Pender, Perquimans, Person, Pitt, Polk, Scotland, Transylvania, Vance, Wake, Warren, Washington, and Wilson are eligible for membership.

Easy Membership: For a one-time fee of $5, individuals can qualifying for membership by joining the Center for Community Self-Help, the umbrella organization that encompasses all parts of Self-Help..

Other: Individuals can also qualify for membership if an immediate family member is a current Self-Help CU member or through a qualifying workplace affiliation.

Joining Self-Help CU and/or opening a CD can be done online or at any of 19 North Carolina branches located in Ashville (2), Durham (2), Fletcher, Greensboro, Hendersonville, Laurinburg, Lexington, Maiden, Morganton, Old Fort, Pisgah Forest (2), Roanoke Rapids, Wilmington, and Wilson. Self-Help CU also has a branch in Galax, Virginia.

The Membership Application can also be download and returned to any branch location or mailed to the Durham headquarters.

Credit Union Overview

Self-Help Credit Union (NCUA Charter # 66258) has an overall health grade of "B+" at, with a Texas ratio of 18.57% (above average) based on September 30, 2015 data. Self-Help CU has an excellent capitalization level of 12.24%, a result of holding $670.38 Million in assets with $82.06 Million in equity. Please refer to our financial overview of Self-Help Credit Union for more details.

Chartered in 1938, Self-Help Credit Union was established to help employees in rural North Carolina form worker-owned cooperatives and gain ownership of local mills that were being shut down. The first capital raised was $77 – the proceeds of a bake sale organized by a baker whom Self-Help CU has assisted. The first "office" was co-founder Martin Eakes’ VW Bug, which unfortunately caught fire; both the car and Self-Help CU’s records were a complete loss. 82 years later, Self-Help CU has over 58,700 members, assets in excess of $670 Million, and a sister credit unions, Self-Help Federal Credit Union, with branches in southern California and Chicago.

How the CD Compares

When compared to the 100 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Self-Help Credit Union's 18-month CD currently ranks fourth.

The above rates are accurate as of 12/29/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Related Pages: Self-Help Credit Union

  |     |   Comment #1
I opened a MM savings account with them and only had one minor issue regarding the initial deposit amount to the account. They apparently do not accept large deposit amounts on the online application and only accept the minimum amount to avoid the monthly maintenance fee (that is, $500 plus $5 donation cost to the Self help council plus $5 share account deposit). I was able to deposit a higher amount by communication through their website during the application process. I was able to upload copies of ID information for their verification process. Online application used information from credit reports to verify identity. Unlike most other online banks, you could not register for online banking access on the website. I had to contact a representative to establish the online access registration. That process was very quick and my online access was set up very easily. I had set up direct deposit from my payroll department and the deposits all are now displayed on the account activity display. I like the fact that the company's goal is to help those who have financial difficulties and small businesses. I also established external transfer option with another bank that sent trial deposits to this account and confirmed the amounts received (and then withdrawn) for this account.
  |     |   Comment #2
FYI. Note that when I entered the direct deposit information for my payroll department using the Routing Transit number for Self-Help CU, the name displayed was Scotland Community Credit Union which was based in a county in NC close to the South Carolina border (Laurinburg is the main city in the county). Self-Help CU assumed several NC credit unions.
Competitive 12-Month and 18-Month CD Rates at Community Trust Credit Union in California - Local Only

Community Trust Credit Union is offering some competitive CD and IRA CD rates. These include a 2.07% APY 12-month CD, a 2.17% APY 18-month CD and a 2.33% APY 24-month CD. Minimum deposit is $2,500. These rates are listed in the credit union's rates page as of the morning of 2/11/2010.

I have a feeling these rates won't last much longer. This credit union is a division of Self-Help Federal Credit Union which just recently lowered its 12-month and 24-month CD rates last week. However, Community Trust's CDs have some differences...

Continue Reading
Competitive CD Rates at Self-Help Credit Union in NC & CA - Available Nationwide
Self-Help Credit Union (SHCU) continues to offer some competitive CD rates. The deposit rates haven't been that great since my 2008 SHCU post, but its 12-month and 24-month CD rates have held for the last several months while other institutions have been cutting their rates. So these rates are now quite competitive. The current 12-month CD rate is 2.07% APY and the 24-month CD rate is 2.33% APY. These are listed at the credit union's rates page as of 12/06/09. The rates change every business day, but these 12-month and...
Continue Reading
Self-Help Credit Union - CD Rates and a Big Policy Change
Self-Help Credit Union has been offering some attractive CD rates lately. The most competitive rates currently range from 3.75% APY for a 12-month term to 4.76% APY for a 60-month term. The minimum deposit is $500. Below is the full list of rates:

CD Rates as of 6/16/08

Term APY
3-month 2.85%
6-month 3.31%
12-month 3.75%
24-month 4.05%
36-month 4.41%
48-month 4.63%
60-month 4.76%

Membership is open to anyone who pays a $25 one-time fee. $20 of that...

Continue Reading
Self-Help Credit Union - Unique CDs, Good Rates, Easy Membership
It has been about 19 months since my first report on Self-Help Credit Union (SHCU). Through this time they've maintained competitive CD rates (see SHCU rate table). I haven't reported much on them in the last year since their rates haven't been that great. However, their rates have started going up lately, so I decided it's time for another post. Here are the current CD yields as of June 8, 2007:

3-month term 4.86...

Continue Reading
6.25% 24-Month CD at a North Carolina CU Still Available (United Services).
United Services Credit Union is still offering a 6.25% APY 24-month and a 6.00% APY 12-month FLEX certificates of deposit. The minimum is $5K and the maximum deposit is $100K. The credit union also still has a high yield Tiered Money Market account with an APY of 5.70% for balances over $50K. The minimum deposit is $2.5K. Balances between $2.5K and $15K earn 4.70% APY.

I had first posted on this credit union and these CDs in September. A reader just posted his experiences with this credit union and has been...

Continue Reading

More Past Offers

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.