SRP Federal Credit Union Offers 9-Month CD Special Through 1/31/2020

Now through January 31, 2020, SRP Federal Credit Union (SRP FCU) is offering a 9-month CD Special earning 2.50% APY. The minimum deposit is $500 of “new money from another financial institution,” with no stated balance cap.

The CD Special is also offered as an IRA (Traditional, Roth, and CESA), earning the same APY with the same funding requirements.

While the stated end-date is January 31, the fine print on the landing page states,

SRP FCU reserves the right to modify, restrict, change, or terminate this offer at any time without notice.

As stated in Membership Agreement, partial withdrawals are allowed, and subject to the following Early Withdrawal Penalty:

90 days or three months of interest if the certificate term is less one year.

Funding and Accessing Maturing Funds

Funding a CD Special can be done by ACH, wire transfer, or by transferring new money previously deposited into an SRP FCU Share Savings account through a CO-OP Shared Branch transaction. Maturing funds can be distributed by cashier’s check, wire transfer, or transferred into another SRP FCU account. There is a 10-day grace period before the CD Special automatically renews.

Availability

Headquartered in North Augusta, South Carolina, SRP Federal Credit Union’s field of membership (FOM) has expanded to include almost all US citizens/resident aliens.

Easy Membership: Membership in the Greater Augusta-Fort Gordon Chapter of the Association of the United States Army (AUSA) or the Savannah Riverkeeper association qualifies for membership in SRP FCU. The credit union's online application lists membership in these associations as options for eligibility. It also lists the options "I wish to become a member" of one of these two associations. These options become visible when you select "Click here if none of the above apply" under the "Select Your Eligibility."

Residency: Individuals who live, work, worship, attend school, or volunteer in any of the following counties are also eligible to join:

Georgia – Burke, Columbia, Jefferson, Lincoln, McDuffie, and Richmond Counties.

South Carolina – Aiken, Allendale, Barnwell, and Edgefield Counties.

Immediate family and household members of current SRP FCU also qualify for membership. Immediate family is defined as “a spouse, child, sibling, parent, grandparent or grandchild, stepparents, stepchildren, stepsiblings, and adopted individuals.”

Joining SRP FCU and/or opening a 9-month CD Special can be done online, or at any of ten Georgia branches located in Augusta (6), Evans, Grovetown, and Martinez, or 11 South Carolina branches located in Aiken (4), Allendale, Barnwell, Edgefield, North Augusta (2), Warrenville, and Williston.

When you open a savings account with SRP Federal Credit
Union, you become a shareholder and owner of the credit union.
The $0.01 deposit required to open this account buys your share.

Credit Union Overview

SRP Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.42% (excellent), based on September 30, 2019 data. In the past year, SRP FCU increased its total non-brokered deposits by $93.56 million, an excellent annual growth rate of 11.46%. Please refer to our financial overview of SRP Federal Credit Union (NCUA Charter # 24410) for more details.

Established in 1960, SRP Federal Credit Union is currently South Carolina’s fifth largest credit union with more than 154,000 members and assets in excess of $1 billion. In 1959, the DuPont Company, which then managed the Savannah River Plant (SRP), distributed a questionnaire to all SRP employees to determine the interest in forming a credit union. More than 75% of the 5,465 employees who completed the questionnaire expressed interest, and a few months later, the organizational process began. Between 1973 and 1993, dozens of other SEGs were added – “It seemed everybody wanted to be a member of SRP Federal Credit Union.” When SRP FCU converted to a community charter in 2003, the FOM expanded to include residents of four South Carolina and four Georgia counties. In the last year, SRP became an open, or “easy membership requirement,” credit union.

How the CD Special Compares

When compared to 189 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit of $10k or less and are available nationwide, SRP Federal Credit Union's 9-month CD Special APY currently ranks first.

The above rates are accurate as of 1/13/2020.

Searching for the best CD rates, both nationwide and in your state? Please refer to our CD Rates table.