Signal Financial FCU Has Limited-Time 60-Month CD Promo Rate

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Availability: Easy Membership Requirement through the Washington Area Bicyclist Association; residents of Washington, D.C. and portions of Prince George’s County, Maryland; 200+ SEGs.

Signal Financial Federal Credit Union (Signal Financial) has recently increased the rate on its 60-month Share Certificate (2.16% APY). The minimum opening deposit is $500, with no stated balance cap.

According to Signal Financial’s Rates and Disclosures page, this is a limited-time promotional rate that expires on September 30, 2016.

The information concerning the Early Withdrawal Penalty for the promotional rate 60-month Share Certificate seems to be contradictory:

A penalty of 24 months (730 days) of dividends applies for early withdrawal.
Partial withdrawals are prohibited.

According to CSR, the only early withdrawal of funds allowed is a closure of the Share Certificate before maturity.

Availability

Headquartered in Kensington, Maryland, Signal Financial Federal Credit Union offers membership to virtually everyone:

Easy Membership: Membership in the Washington Area Bicyclist Association (WABA) qualifies for Signal Financial membership. (Joining WABA prior to applying for Signal Financial membership is required.)

Residency: Individuals who live, work, worship, or attend school in Washington, D.C. or inside the Beltway in Prince George’s County (Maryland) are eligible to join.

Select Employee Groups: Any employee, pensioner, annuitant, or member of the 200+ Select Employee Groups (including Verizon, Verizon Wireless, and AT&T) is eligible.

Relationship: Family members related by blood, marriage, or other recognized family relationship in the same household (living under the same roof or not) of any current Signal Financial member are eligible.

Joining Signal Financial and/or opening a Share Certificate can be done online or at any of eight branches located in Washington, D.C. (3), Northern Virginia (2), and Maryland (3), or by mail (all necessary paperwork can be requested by calling 301.933.9100, ext. 298).

Credit Union Overview

Signal Financial Federal Credit Union (NCUA Charter # 5571) has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 8.97% (excellent) based on March 31, 2016 data. In the past year, Signal Financial has increased its total deposits by $6.16 million, an above average annual growth rate of 2.14%. Please refer to our financial overview of Signal Financial Federal Credit Union for more details.

In September 1947, the Washington Telephone Federal Credit Union (WTFCU) was officially chartered. In the past 65 years, the types of financial services offered changed, and the number of branch offices grew to keep pace with the ever-changing financial needs of the membership. In 2007, WTFCU became the Signal Financial Federal Credit Union during a field of membership expansion, to include more than 150 small to medium-sized business in addition to the large telephone company groups.

How the CD Compares

When compared to the 125 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available nationally, Signal Financial Federal Credit Union's 60-month Share Certificate currently ranks fourth.

Interest RateCD Length of TermCredit Union/Bank
2.32% APY5-Year Share Certificate SpecialMelrose Credit Union
2.30% APY60-Month CDMountain America Credit Union
2.16% APY60-Month Share CertificateSignal Financial Federal Credit Union

The above rates are accurate as of 7/20/2016.

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

Comments
CapitalClimate
CapitalClimate   |     |   Comment #1
Slight correction: It's Prince George's Co., not King George's.
Also, membership requirement state:
"Any relatives (living in the same household OR NOT) of a current Signal Financial FCU member"
Signal Financial FCU's "Gift That Gives" Competitive Rate 49-month CD

Availability:

Anyone, regardless of residency or employment status, is eligible for Signal Financial Federal Credit Union membership by joining the Washington Area Bicyclist Association.

Signal Financial Federal Credit Union (Signal Financial FCU) has a limited-time, 49-month Share Certificate Special (2.15% APY). Through December 31, 2014, a minimum deposit of $2.5K of new money will open this Share Certificate (CD). The 49-month CD is also available as an IRA (Traditional, Roth, and CESA) at the same APY, with the same funding requirement.

As stated on Signal Financial...

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Membership is open to anyone who lives, works, worships or attends school in Washington, DC or inside the Beltway in Prince George's County, Maryland. Membership is also available to members of Artemis Racing....



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