Service Credit Union Has Three New, Very Competitive CDs


Availability: Residents of New Hampshire and portions of Massachusetts (Cape Cod); Active and all former members of the U.S. Military.

On Friday, New Hampshire-based Service Credit Union (Service CU) began offering three Share Certificate Specials: 11-month (1.50% APY), 27-month (2.00% APY), and 60-month (2.50% APY).

Any of the Share Certificate Specials can be opened with a $1K minimum deposit, with no maximum balance cap. These are limited-time offers available through February 29, 2016.

1.50%$1k-Service Credit Union27 Month Share Certificate Special
1.50%$1k-Service Credit Union27 Month IRA Certificate Special (Traditional, Roth, CESA)
1.00%$1k-Service Credit Union11 Month Share Certificate Special
1.00%$1k-Service Credit Union11 Month IRA Certificate Special (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of October 26, 2016.

These are also offered as IRAs (Traditional, Roth, and CESA) earning the same APYs, with the same funding requirements.

As stated in Service Credit Union’s Account Agreement and Disclosure brochure, the Early Withdrawal Penalty reads as follows:

If any of the deposit is withdrawn before the maturity date, a penalty as shown below would be imposed:
    Term length of 1 Day to less than 1 year - 90 days’ dividends
    Term length of 1 Year to less than 2 years - 180 days’ dividends
    Term length of 2 Years or longer - 365 days’ dividends

Thanks to the DA reader who emailed these new offerings to me!


Headquartered in Portsmouth, New Hampshire, Service Credit Union offers membership in a variety of ways:

Residency: Individuals who live in work in New Hampshire, or the Massachusetts towns of Bourne, Falmouth, Mashpee, and Sandwich are eligible to join.

Employment: Employees of more than 45 SEGs, located in New Hampshire, Maine, Massachusetts, and Vermont, qualify for membership.

Affiliation: Members and employees of seven trade organizations are also eligible.

While Service Credit Union’s field of membership is diverse, as the name suggests a military service relationship plays a large role, and the parameters of the military service requirements have been expanded.

Military Relationship: Anyone who ever served, or is currently serving in the U.S. Military or Department of Defense, whether enlisted or civilian, is eligible for membership.

A complete description of Service CU’s membership eligibility is available on the website.

Joining Service Credit Union and opening a CD can be done simultaneously online, by phone, or by visiting any of 34 New Hampshire branches located in Amherst, Bedford, Berlin, Concord, Derry, Epping, Exeter, Franklin, Gorham, Hampton, Hinsdale, Hudson, Keene, Lancaster, Lebanon (2), Manchester, Nashua, Newington (2), Plymouth, Portsmouth (5), Rochester (2), Salem (2), Seabrook, Somersworth (2), and Tilton, or the Falmouth, Massachusetts branch. Service CU also has a military branch located in Great Forks, North Dakota and Portsmouth, New Hampshire, and 15 military branches in Germany.

Credit Union Overview

Service Credit Union has an overall health grade of "A+" at, with a Texas ratio of 1.33% (excellent) based on September 30, 2015 data. In the past year, Service Credit Union increased its total deposits by $248.11 Million, an excellent annual growth rate of 12.93%. Please refer to our financial overview of Service Credit Union for more details.

Service Credit Union (NCUA Charter # 68375) was established in 1957 to serve the military and civilian employees at New Hampshire’s Pease Air Force Base. Headquartered in Portsmouth, Service Credit Union is the largest credit union in New Hampshire (and the 61st largest in the country), with assets in excess of $2.7 Billion and a more than 217,900 members.

How the CDs Compare

When compared to the 182 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Service Credit Union's 11-month Share Certificate Special currently ranks first.

When compared to the 130 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Service Credit Union's 27-month Share Certificate Special currently ranks first.

When compared to the 118 similar length-of-term CDs tracked by that require a similar minimum deposit and are available nationwide, Service Credit Union's 60-month Share Certificate Special currently ranks first.

The above rates are accurate as of 1/16/2016.

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

Anonymous   |     |   Comment #1
Cool! I just opened two of the 27 mo. CDs. With what is going on in the financial markets, it's time to batten down the hatches.?
Anonymous   |     |   Comment #2
IRA CD's must be opened at a branch location, not online.  The fees for transfers and account inactivity are high.
Anonymous   |     |   Comment #3
In process of opening a certificate via the online process.  Online application was pretty straight forward......however once submitted,  the CU will require you to upload three additional documents to verify you.......specifically driver license, SSN and utility bill.  This takes addition time and effort and the upload process has to be done sequential.  Its been 4 days since the application was submitted and its still pending.  Interest rates are locked in at application date but start date is on approved. Trust accounts are available but must be opened in branch.....or open as a conventional account and later retitled in trust at branch.  Specific trust documents are required.  As an ex civilian DOD employee it was easy to join.
Anonymous   |     |   Comment #4
Followup to above......It seems the three forms of identification requested and provided were insufficient to open the account and Service CU requested several additional..  Tired of being jerked around I simply Instructed them to cancel the account application.  Not worth the additional time and effort for the little gain.  Overall I would not recommend unless you have lots of time and really really really want it.
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