United States Senate FCU 60-Month CD Earns Up To 2.76% APY

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Deal Summary: 60-month Smart Share Certificate - 2.76% APY ($60k min), 2.70% APY ($20k min), 2.63% APY ($1k min)

Availability: Easy membership requirement

United States Senate Federal Credit Union (USSFCU) has started the new year by raising the rates on its 60-month Smart Share Certificate: 2.76% APY ($60k+), 2.70% APY, ($20k+), 2.63% APY ($1k+). USSFCU’s Current Rates page lists the 2.76% APY for deposits of "$60,000 - $99,999 plus Jumbo." According to CSR, "Jumbo" refers to deposits of more than $99,999, not a separate product.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.76*%$60k$100kUnited States Senate Federal Credit Union60 Month Smart Certificate
OTHER TIERS: 2.63% $1k - $20k | 2.70% $20k - $60k
2.76*%$60k$100kUnited States Senate Federal Credit Union60 Month IRA (Traditional, Roth, SEP)
OTHER TIERS: 2.63% $1k - $20k | 2.70% $20k - $60k
Accounts mentioned in this post. Rates as of January 21, 2018.

Over the past 15 months, the 60-month Smart Share Certificate APY has increased by 110 basis points in seven rate changes.

The 60-month Smart Share Certificate is also available as an IRA (Traditional, Roth, SEP), earning the same APYs with the same funding requirements.

As stated on the Fees and Charges page, the Early Withdrawal Penalty reads as follows:

360 days of dividends paid and accrued on the withdrawal for terms of greater than 3 years.

Availability

Headquartered in Alexandria, Virginia, United States Senate Federal Credit Union offers membership “via sponsorship or contribution.”

Easy Membership Requirement - Since I last wrote about USSFCU, membership in the American Consumer Council (ACC) has been added to the field of membership (FOM). Joining ACC ($10 fee) automatically qualifies for USSFCU membership.

Members of the United States Capitol Historical Society (USCHS) are also eligible to join USSFCU (minimum contribution of $50). Joining either organization must be done prior to completely the USSFCU application. More details are available on USSFCU’s website.

Employment Sponsorship - Current employees and retirees of more than 75 SEGs, including The United States Senate, The United States Supreme Court, The Government Accountability Office, Democratic National Committee, qualify for membership.

Family Sponsorship - Immediate family members (spouse, child, sibling, parent, grandparent, or grandchild, including step and adoptive relationships) of an existing USSFCU member or current employee of an SEG are eligible to join, as are household members of the same.

Joining USSFCU and/or opening a Smart Certificate can be done at any of two District of Columbia branches or the Alexandria, Virginia branch.

About a year ago, USSFCU was “in the process of changing the online application process,” and apparently they’re still working on it. The work-around for joining USSFCU online is to,

email us or call 800.374.2758 to have a secure application sent to you.

Credit Union Overview

United States Senate Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas ratio of 0.88% (excellent), based on September 30, 2017 data. In the past year, USSFCU increased its total non-brokered deposits by $47.34 million, an excellent annual growth rate of 9.36%. Please refer to our financial overview of United States Senate Federal Credit Union (NCUA Charter # 624) for more details.

United States Senate Federal Credit Union was established in 1935, when seven individuals pooled their resources and obtained a charter for the United States Senate Employees Federal Credit Union. The original FOM was exclusive to U.S. Senate employees, but was expanded through mergers with the General Accountability Office Federal Credit Union, the DC Unemployment Federal Credit Union, and the American Trucking Association Federal Credit Union. The Credit Union was renamed in 1990 to better reflect the changing membership. USSFCU is currently the 16th largest credit union in Virginia, with more than 34,400 members and assets in excess of $636 million.

How the Smart Certificates Compare

When compared to the other similar length-of-term CDs tracked by DepositAccounts.com that are nationally available, all of United States Senate Federal Credit Union's 60-month Smart Certificate APY tiers currently rank in the top three, regardless of minimum deposits.

Interest RateCD Length of TermCredit Union/Bank
2.76% APY60-Month Smart CD ($60k min)United States Senate Federal Credit Union
2.70% APY60-Month Smart CD ($20k min)United States Senate Federal Credit Union
2.63% APY60-Month Smart CD ($1k min)United States Senate Federal Credit Union
2.60% APY5-Year Term Deposit Special ($500 min)Mountain America Credit Union

The above rates are accurate as of 1/2/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Washington CD rates, 5-year CD rates, nationwide deals

Comments
anonymous
anonymous   |     |   Comment #1
I'm interested in opening up a CD and leaving it untouched for 60 months. However, there was a previous comment about being charged inactivity fee for only maintaining a CD with them. Can anyone confirm this business practice?
USSFCU
USSFCU   |     |   Comment #3
Thank you for your interest in our 60 month CD. In regards to the CD, you can set it and forget it. However, while there is no inactivity fee, you do have to make a transaction every 12 months on your account to keep it from going dormant. For additional questions feel free to email services@ussfcu.org or call 800.374.2758.
DOA
DOA   |     |   Comment #5
Commenter #3 is misleading you. There is an inactivity fee of $5 if you have a cd and you have no activity in your share account in 12 months. It happened to me once. It even specifies this inactivity fee in their schedule of fees on usssfcu.org website. So every year, you have to be sure you make some sort of transaction in your account or you most definitely will be charged a $5 inactivity fee.
Bozo
Bozo   |     |   Comment #6
Seems odd. I've never had an "inactivity fee" just for letting a CD ride.

Once I had a CD,
Seemed it was a freebie,
But then I was a newbie, RAWHIDE!

Check terms and conditions,
Minuses and additions,
Load up on munitions, RAWHIDE!

Saddle-up, giddy-up,
Just stupid little pup,
RAWHIDE!
DOA
DOA   |     |   Comment #7
I too once was that cowboy man,
No where was that hidden inactivity fee on this land,
But once I dropped by USSFCU to leave my stash,
And one year later a $5 fee attached.
So from then on, it will always be,
Make sure first to check those fees.
If those fees are there in writing,
Then most likely they will be biting.
Palladin

Go here to see USSFCU schedule of fees ((In writing)
https://www.ussfcu.org/resources/fee-schedule/transactional-fees-charges.html
USSFCU
USSFCU   |     |   Comment #9
We have recently updated our Fee Schedule. Please visit our website for more information. If you have any additional questions, feel free to reach out to us at services@ussfcu.org or call 800.374.2758.
DOA
DOA   |     |   Comment #10
I appreciate you updating the fee schedule. It is good to know now that I do not have to make a w/d or deposit every year just to avoid the $5 inactivity fee.
RayG
RayG   |     |   Comment #2
I am also interested in their 60 month CD and noticed on their website that they have also raised rates on their bump CD, money markets and a number of other products.
mike
mike   |     |   Comment #4
I am already a member of The American Consumer Council and want to know if you can get the interest from an IRA CD deposited into a different account or do your have to receive a paper check?
USSFCU
USSFCU   |     |   Comment #8
The dividends earned on an IRA term certificate may be transferred monthly into a non-retirement account at USSFCU. These transfers constitute distributions from the IRA and as such have tax implications based on the status of the IRA holder. A federal withholding election is required and the distributions will be reported annually to the Internal Revenue Service. For additional questions feel free to email services@ussfcu.org or call 800.374.2758.
United States Senate FCU Ups 60-Month Smart CD Rate

Deal Summary: 60-month Smart CD - 2.40% APY, $60k minimum; 2.34% APY, $20k minimum; 2.28% APY, $1k minimum.

Availability: Easy membership requirement

Last month, United States Senate Federal Credit Union (USSFCU) raised the rates on its 60-month Smart CD: 2.40% APY, $60k minimum; 2.34% APY, $20k minimum; 2.28% APY, $1k minimum. USSFCU's Current Rates page shows the 2.40% APY for "$60,000 - $99,999 plus Jumbo." According to CSR, "Jumbo" refers to deposits of more than $99,999, not a separate product.

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Update 6:00PM ET 9/30/2011: I'm afraid the CD rates have gone down effective October 1, 2011.

We had started listing United States Senate Federal Credit Union CD rates in our rate tables a few weeks ago. From the credit union's website, it appeared that membership was limited to select employee groups in Washington DC. However, a reader noted in the comments last week of an easy way anyone can qualify to join. That is good news for those looking for CDs since US Senate FCU is currently offering some very competitive...

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