Thrivent Federal Credit Union Has Competitive 60-Month CD, 3.25% APY

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Deal Summary: Share Certificates – 60-month (3.25% APY) and 48-month (3.05% APY), $1k minimum deposit

Availability: Nationwide with religious affiliation

Wisconsin-based Thrivent Federal Credit Union (TFCU) has two very competitive long-term Share Certificates: 60-month (3.25% APY) and 48-month (3.05% APY). The minimum opening deposit for either Share Certificate is $1k, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.60%$1k-Thrivent Federal Credit Union60 Month CD
2.45%$1k-Thrivent Federal Credit Union48 Month CD
Rates as of November 12, 2019.

As stated in the Service Fees brochure, the Early Withdrawal Penalty reads as follows:

Terms of 30 months to 60 months: 365 days’ dividend.

Funding a Share Certificate can be done by ACH, wire transfer, or check. There is a ten-day grace period before a Share Certificate automatically renews. Maturing funds will be distributed by cashier’s check or transferred to an existing TFCU checking/savings account.

Availability

Headquartered in Appleton, Wisconsin, Utah, Thrivent Federal Credit Union has one of the more unique field of membership (FOM): according to the online application, anyone who is “a Christian, seeking to live out my faith” can qualify for membership by joining Thrivent Financial, a membership organization of Christians.

Founded in 1902 as the Aid Association for Lutherans, Thrivent Financial’s membership was expanded in 2013 to include all Christian denominations. Applying for Thrivent Financial membership can be done online or by downloading the application and returning it by mail. An associate membership at Thrivent Financial carries an annual $19.95 fee.

Businesses and organizations that are affiliated with nine Lutheran church bodies are also eligible to join TFCU.

Joining TFCU and/or opening a Share Certificate can be done online, or at either of two Wisconsin branches, both located in Appleton, or the one Minnesota branch, located in downtown Minneapolis.

The TFCU Membership Account is the savings account that establishes TFCU membership. There is no minimum deposit requirement, but a minimum $25 balance is required to earn dividends.

TFCU funds the initial $1 required for membership, and then you
must maintain at least the par value of one share ($1) in the credit union.

TFCU recently joined the CO-OP Shared Branching, giving its members access to more than 5,000 shared branches and nearly ATMs throughout the country.

Credit Union Overview

Thrivent Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.77% (excellent) based on March 31, 2019 data. In the past year, TFCU has increased its total non-brokered deposits by $29.8 million, an excellent annual growth rate of 6.36%. Please refer to our financial overview of Thrivent Federal Credit Union (NCUA Charter # 24849) for more details.

Thrivent Federal Credit Union is one of the largest faith-based credit union in the country. As the 15th largest credit union headquartered in Wisconsin, TFCU has more than 58,200 members and assets in excess of $609 million.

How the Share Certificates Compares

When compared to 169 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available nationwide, Thrivent Federal Credit Union’s 60-month Share Certificate APY currently ranks second.

When compared to 163 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available nationwide, Thrivent Federal Credit Union’s 48-month Share Certificate APY currently ranks second.

The above rates are accurate as of 7/15/2019.

To look for the best CD rates, either nationwide or state-specific, please refer to our CD Rates Table page.

Related Pages: Minneapolis CD rates, Green Bay CD rates, 5-year CD rates, nationwide deals

Comments


Anonymous
Anonymous   |     |   Comment #2
Some people might not consider avowing oneself to be a faithful Christian an "easy membership requirement."
Ken Tumin
Ken Tumin   |     |   Comment #3
Good point. I've changed "easy membership requirement" to "Nationwide with religious affiliation".
Savvvvver
Savvvvver   |     |   Comment #4
Besides the religious test in order to join, from the description above, it seems you ALSO need to pay an "annual $19.95 fee" to maintain your membership. Uh... no thank you. Never heard of a CU ever having a yearly fee just to keep being a member before. Doesn't exactly seem to be in the interest of its members. Pass.
$50 Checking Account Bonus and Free ATM Withdrawals at Thrivent Financial Bank - Available Nationwide

Update: The bonus has been cut back to $50.

Thrivent Financial Bank has increased its bonus to $100 for opening its reward checking account. They call it a reward checking, but there's no high-yield (current rate is only 0.41%). However, it does provide unlimited ATM fee reimbursements (including outside the U.S.). In terms of reward checking type of requirements, there are no debit card usage requirements, but it does require direct deposit. The offer is scheduled to end on 12/31/10.

Here's the small print of the offer:

I asked the CSR about the...



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$50 Checking Account Bonus and Unlimited Free ATM Withdrawals at Thrivent Financial Bank - Available Nationwide

Thrivent Financial Bank continues to offer a $50 bonus for opening its rewards checking account. They call it a reward checking, but there's no high-yield (current rate is only 0.41%). However, it does provide unlimited ATM fee reimbursements (including outside the U.S.). In terms of reward checking type of requirements, there are no debit card usage requirements, but it does require direct deposit. The offer is scheduled to end on 9/30/10.

This is the same promo that the bank was offering last December. Here's the current promotions page link and the...

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$50 Checking Account Bonus at Thrivent Financial Bank - Available Nationwide
Thrivent Financial Bank is offering a $50 bonus for opening its rewards checking account. They call it a reward checking, but it's not a high-yield reward checking account. There are no debit card usage requirement, but it does require direct deposit.

According to the promotions page, you have to open the account by 12/31/09 and set up recurring direct deposit of at least $100 within 90 days of opening your account. The instructions state:

The bonus is reported to IRS as interest, and it'll be credited to your account within 3 business...



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