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.
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If any of the deposit is withdrawn before the maturity date, a penalty as shown below would be imposed: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 OverviewService Credit Union has an overall health grade of "A+" at DepositAccounts.com, 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 DepositAccounts.com 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 DepositAccounts.com 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 DepositAccounts.com 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 DepositAccounts.com.